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.
While the top- and bottom-line numbers for Blackstone Inc. (BX) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.