Business Segments · Base Management Fees
Real Estate — Base Management Fees
Blackstone Real Estate — Base Management Fees decreased by 1.4% to $636.05M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 4.3%, from $664.60M to $636.05M. Over 4 years (FY 2021 to FY 2025), Real Estate — Base Management Fees shows an upward trend with a 8.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2017
Last reportedQ1 2026May 8, 2026
How to read this metric
Higher fees indicate a larger, more stable asset base and consistent revenue generation.
Detailed definition
Represents the recurring revenue generated from charging a percentage of assets under management in the real estate segm...
Peer comparison
Standard 'Management Fee' revenue reported by all asset and investment management firms.
Metric ID:
bx_segment_real_estate_base_management_feesHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $453.66M | $485.31M | $529.25M | $580.19M | $611.75M | $610.61M | $659.64M | $705.39M | $709.98M | $697.56M | $681.31M | $694.18M | $685.78M | $672.26M | $664.76M | $664.60M | $673.15M | $670.77M | $644.77M | $636.05M |
| QoQ Change | — | +7.0% | +9.1% | +9.6% | +5.4% | -0.2% | +8.0% | +6.9% | +0.7% | -1.7% | -2.3% | +1.9% | -1.2% | -2.0% | -1.1% | -0.0% | +1.3% | -0.4% | -3.9% | -1.4% |
| YoY Change | — | — | — | — | +34.8% | +25.8% | +24.6% | +21.6% | +16.1% | +14.2% | +3.3% | -1.6% | -3.4% | -3.6% | -2.4% | -4.3% | -1.8% | -0.2% | -3.0% | -4.3% |
Range$453.66M – $709.98M
CAGR+7.4%
Avg YoY Growth+7.2%
Median YoY Growth-0.9%
Current Streak3 quarters decline
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Frequently Asked Questions
- What is Blackstone's real estate — base management fees?
- Blackstone (BX) reported real estate — base management fees of $636.05M in Q1 2026.
- How has Blackstone's real estate — base management fees changed year-over-year?
- Blackstone's real estate — base management fees decreased by 4.3% year-over-year, from $664.60M to $636.05M.
- What is the long-term trend for Blackstone's real estate — base management fees?
- Over 4 years (2021 to 2025), Blackstone's real estate — base management fees has grown at a 8.8% compound annual growth rate (CAGR), from $1.90B to $2.65B.
- What does real estate — base management fees mean?
- Recurring fees earned for managing real estate assets, usually based on a percentage of AUM.