Business Segments · Management Fee Offsets
Real Estate — Management Fee Offsets
Blackstone Real Estate — Management Fee Offsets decreased by 26.2% to $2.37M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 73.0%, from $8.80M to $2.37M. 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 reportedQ2 2017
Last reportedQ4 2025
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
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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% |
| 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% |
Range$446.00K – $10.46M
CAGR+41.8%
Avg YoY Growth+227.7%
Median YoY Growth+39.8%
Current Streak4 quarters decline
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Blackstone's real estate — management fee offsets?
- Blackstone (BX) reported real estate — management fee offsets of $2.37M in Q4 2025.
- How has Blackstone's real estate — management fee offsets changed year-over-year?
- Blackstone's real estate — management fee offsets decreased by 73.0% year-over-year, from $8.80M to $2.37M.
- 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.