January 31, 2019 / 12:18 PM / 22 days ago

Blackstone Q4 distributable earnings down 42 pct on year at $722 mln

NEW YORK, Jan 31 (Reuters) - Blackstone Group LP, the largest manager of alternative assets such as private equity and real estate, said on Thursday fourth-quarter distributable earnings fell 42 percent from a year earlier to $722 million.

Distributable earnings -- the actual cash available for paying dividends -- per unit came in at 57 cents in the last three months of 2018, compared to $1 per unit a year earlier when earnings were boosted by a windfall from performance fees.

Blackstone said it would pay a quarterly distribution of 58 cents per common unit, slightly ahead of analysts' estimates for 57 cents, according to Refinitiv.

Reporting by Joshua Franklin in New York; Editing by Bernadette Baum

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below