Blackstone (NYSE: BX) reported second-quarter 2026 distributable earnings of $1.52 per share. This 26% year-over-year increase beat analyst expectations. The real estate segment led performance with distributable earnings surging 32%.
Total assets under management climbed to $1.35 trillion. The firm secured nearly $70 billion in new capital inflows during the quarter. Investment appreciation for Core+ funds remained modest at 0.2%.
CEO Stephen A. Schwarzman attributed returns to high-growth sectors like AI-powered data centers. Blackstone shares rose 2% in pre-market trading following the announcement.