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Highlights

  • Blackstone’s FY24 revenue reached USD 13,229.0 million, marking a 64.9% increase from the previous year
  • Net income surged by 122.5% YoY in FY24, reaching USD 5,437.0 million, driven by increased revenue despite higher operating expenses
  • Blackstone Real Estate Debt Strategies V (BREDS V) fund closed with USD 8 billion in capital commitments
  • Blackstone is optimistic about 2025 growth, supported by expanded perpetual strategies and better performance in its credit and insurance segment

 Blackstone Inc. (NYSE:BX) is an alternative asset management company. It offers global investment strategies across real estate, infrastructure, private equity, and other sectors.

In the financial year 2024 (FY24), Blackstone’s total revenue reached USD 13,229.0 million, reflecting a 64.9% increase from USD 8,022.0 million in FY23. This growth was driven by higher revenue from the management and advisory fee segment, as well as increased realized investment gains from portfolio allocations. Net income also saw a significant rise of 122.5% YoY, reaching USD 5,437.0 million, up from USD 2,444.0 million, primarily due to increased revenue, although partially offset by higher operating expenses and income tax costs.

Additionally, cash and cash equivalents declined by 33.3% YoY, from USD 2,955.9 million in FY23 to USD 1,972.1 million in FY24, due to outflows from investing and financing activities, partly offset by cash inflows from operating activities.

Recent Business Update

On March 7, 2025, Blackstone announced the final close of its Blackstone Real Estate Debt Strategies V (BREDS V) fund, securing approximately USD 8 billion in capital commitments. Tim Johnson, Global Head of Blackstone Real Estate Debt Strategies, highlighted the fund's strategic positioning to leverage global opportunities across various lending strategies, supported by Blackstone's USD 315 billion real estate business and a team of over 170 professionals.

Company Outlook

Blackstone is optimistic about growth in 2025, driven by several factors, including full-year benefits from 2024 drawdown funds, increased expansion of perpetual strategies to 46% of AUM, and new revenue streams from BXPE’s quarterly fee-related performance. The credit and insurance segment remains robust, with strong growth in fee-related earnings and distributable earnings, supported by record deployments and a favorable realization environment in private equity and real estate.

Stock Information

BX's share price has dropped by 28.25% over the past three months. However, the stock has delivered a return of 8.27% over the past year. Currently, the stock is trading close to the lower end of its 52-week range, which spans from a high of USD 200.96 to a low of USD 115.82, with a closing price of USD 136.53 as of March 13, 2025.

 Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is March 13, 2025. The reference data in this report has been partly sourced from EODHD/Others.

 Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.