BX · 8-K · 20260723PR313250
Real Estate Segment Performance
Blackstone Inc. · 2026-07-23 · Importance 64 · Surprise 56 · In source text
Real Estate segment revenues increased 40% year over year to $1.187 billion in the second quarter, while segment distributable earnings increased 32% to $745.3 million. Fee-related performance revenues increased 171% to $242.7 million, and realized performance revenues increased 384% to $210.9 million. Real Estate AUM declined 3% year over year to $314.1 billion, despite $8.2 billion of quarterly inflows. Quarterly deployment totaled $5.8 billion, including a data-center campus joint venture in Michigan and a logistics platform investment in France.
Key facts
- Real Estate capital deployed was $5.8 billion in the quarter and $21.9 billion over the LTM. source
- Real Estate realizations were $6.6 billion in the quarter and $29.7 billion over the LTM. source
- Real Estate Total AUM was $314.1 billion with inflows of $8.2 billion in the quarter and $27.1 billion over the LTM. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Real Estate Total AUM was $314.1 billion with inflows of $8.2 billion in the quarter and $27.1 billion over the LTM. |