Business Segments · Management Fee Offsets
Real Estate — Management Fee Offsets
Blackstone Real Estate — Management Fee Offsets increased by 334.6% to $10.31M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 164.4%, from $3.90M to $10.31M. Over 4 years (FY 2021 to FY 2025), Real Estate — Management Fee Offsets shows an upward trend with a 39.0% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2017
Last reportedQ1 2026May 8, 2026
How to read this metric
Higher offsets may indicate high transaction activity, but they also reflect the firm's fee structure and alignment with investors.
Detailed definition
Reflects the reduction in management fees charged to investors, often due to the sharing of transaction or advisory fees...
Peer comparison
Comparable to 'Fee Waivers' or 'Management Fee Offsets' in private equity fund accounting.
Metric ID:
bx_segment_real_estate_management_fee_offsetsHistorical 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 | $493.00K | $446.00K | $937.00K | $960.00K | $689.00K | $1.84M | $7.05M | $10.46M | $8.31M | $7.62M | $2.98M | $2.93M | $3.47M | $1.52M | $8.80M | $3.90M | $3.58M | $3.21M | $2.37M | $10.31M |
| QoQ Change | — | -9.5% | +110.1% | +2.5% | -28.2% | +167.3% | +282.6% | +48.4% | -20.6% | -8.3% | -60.9% | -1.6% | +18.3% | -56.0% | +477.1% | -55.7% | -8.1% | -10.3% | -26.2% | +334.6% |
| YoY Change | — | — | — | — | +39.8% | +313.0% | +652.1% | +989.3% | >999% | +313.5% | -57.8% | -72.0% | -58.3% | -80.0% | +195.4% | +33.1% | +3.3% | +110.8% | -73.0% | +164.4% |
Range$446.00K – $10.46M
CAGR+89.7%
Avg YoY Growth+223.7%
Median YoY Growth+75.3%
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Frequently Asked Questions
- What is Blackstone's real estate — management fee offsets?
- Blackstone (BX) reported real estate — management fee offsets of $10.31M in Q1 2026.
- How has Blackstone's real estate — management fee offsets changed year-over-year?
- Blackstone's real estate — management fee offsets increased by 164.4% year-over-year, from $3.90M to $10.31M.
- What is the long-term trend for Blackstone's real estate — management fee offsets?
- Over 4 years (2021 to 2025), Blackstone's real estate — management fee offsets has grown at a 39.0% compound annual growth rate (CAGR), from $3.50M to $13.07M.
- What does real estate — management fee offsets mean?
- Reductions in management fees given to investors, often to offset other fees collected by the manager.