The news broke earlier this week. Blackstone released two preliminary profit measures on existing deals running from the beginning of the quarter through Tuesday. According to Bloomberg, it's the first time the company released them.
When companies offer information they have never previously given, it's time to pay attention. In this case, the two measures are preliminary versions of realized performance revenue and realized principal investment income, both aspects of profits from selling deals.
"The preliminary estimate regarding realization activity for the period from July 1, 2024 to September 24, 2024 disclosed above is not intended to predict or represent total Realized Performance Revenues, total Realized Principal Investment Income or total Segment Revenues for the quarter ending September 30, 2024, and results for the full quarter may differ materially," Blackstone explained in its statement.
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