Search
 

Blackstone RE Q3 Revenues Increase By 5%

NEW YORK CITY-The private equity giant reported increases in its real estate segment during the quarter thanks to completing fundraising for its global real estate fund, capping off at $13.3 billion.

By Jacqueline Hlavenka | Updated on October 19, 2012

NEW YORK CITY-The Blackstone Group showed a 24% increase in economic net income in Q3 2012, making it the third best quarter since the company went public in 2007, according to its quarterly earnings call on Oct. 18. The private equity giant reported economic net income of $622 million during the quarter, up significantly from $379 million in Q3 2011.

Stephen A. Schwarzman, chairman and chief executive officer of Blackstone, said all sectors of the business – including private equity, real estate, credit and hedge funds – performed well. Notably, the company saw a 5% increase in real estate in Q3, going up to $34 billion in total property investments.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.