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Growth in AUM and lower expenses support Blackstone's (BX) Q4 earnings amid a deteriorating operating backdrop.
Blackstone (NYSE: BX) endured a tumultuous year in 2022. Investors were spooked by news that it saw a surge in redemptions at its non-traded real estate investment trust (REIT), causing concerns about that core product. The company was able to declare a $0.91 per share dividend for the quarter, slightly higher than the previous payment.