What is Blackstone's real estate — goodwill?

Blackstone (BX) reported real estate — goodwill of $421.70M in Q4 2025.

How has Blackstone's real estate — goodwill changed year-over-year?

Blackstone's real estate — goodwill decreased by 0.0% year-over-year, from $421.70M to $421.70M.

What does real estate — goodwill mean?

The premium paid over the fair value of net assets during acquisitions within the Real Estate business segment.

Real Estate — Goodwill

Blackstone Real Estate — Goodwill remained flat by 0.0% to $421.70M in Q4 2025 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $421.70M to $421.70M.

Analysis

StatementSegment

CategoryGrowth

SignalContext dependent

VolatilityStable

First reportedQ4 2014

Last reportedQ4 2025Feb 27, 2026

Rolls up toGoodwill

How to read this metric

An increase typically indicates recent acquisition activity or business expansion, while a decrease suggests impairment charges due to underperformance or a write-down of acquired assets.

Detailed definition

This metric represents the intangible asset value recorded when the Real Estate segment acquires another business for a...

Peer comparison

Commonly reported by large alternative asset managers and private equity firms as part of their segment-level balance sheet disclosures for M&A activity.

Metric ID: bx_segment_real_estate_goodwill

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$421.70M	$421.70M	$421.70M	$421.70M	$421.70M
QoQ Change	—	+0.0%	+0.0%	+0.0%	+0.0%
YoY Change	—	+0.0%	+0.0%	+0.0%	+0.0%

Range$421.70M – $421.70M

CAGR+0.0%

Avg YoY Growth+0.0%

Median YoY Growth+0.0%

Current Streak4+ quarters growth

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Frequently Asked Questions

What is Blackstone's real estate — goodwill?: Blackstone (BX) reported real estate — goodwill of $421.70M in Q4 2025.
How has Blackstone's real estate — goodwill changed year-over-year?: Blackstone's real estate — goodwill decreased by 0.0% year-over-year, from $421.70M to $421.70M.
What does real estate — goodwill mean?: The premium paid over the fair value of net assets during acquisitions within the Real Estate business segment.