Real Estate — Performance Revenue Realized
Blackstone Real Estate — Performance Revenue Realized decreased by 44.7% to $73.38M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 276.1%, from $19.51M to $73.38M. Over 4 years (FY 2021 to FY 2025), Real Estate — Performance Revenue Realized shows a downward trend with a -30.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals successful asset monetization and strong investment performance, whereas a decrease may indicate a slower exit environment or underperforming assets.
Detailed definition
This represents the portion of performance-based fees or carried interest that has been crystallized and realized throug...
Peer comparison
Similar to 'Realized Performance Fees' or 'Carried Interest' reported by private equity and real estate firms.
bx_segment_real_estate_performance_revenue_realizedHistorical Data
| 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 | $351.05M | $495.73M | $184.19M | $802.92M | $2.00B | $142.79M | $42.28M | $11.10M | $119.72M | $17.42M | $96.12M | $49.97M | $53.47M | $78.02M | $19.51M | $19.01M | $43.59M | $132.79M | $73.38M |
| QoQ Change | — | +41.2% | -62.8% | +335.9% | +148.8% | -92.9% | -70.4% | -73.8% | +979.0% | -85.5% | +451.8% | -48.0% | +7.0% | +45.9% | -75.0% | -2.6% | +129.3% | +204.7% | -44.7% |
| YoY Change | — | — | — | — | +469.1% | -71.2% | -77.0% | -98.6% | -94.0% | -87.8% | +127.3% | +350.3% | -55.3% | +347.9% | -79.7% | -62.0% | -18.5% | +70.2% | +276.1% |
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Frequently Asked Questions
- What is Blackstone's real estate — performance revenue realized?
- Blackstone (BX) reported real estate — performance revenue realized of $73.38M in Q4 2025.
- How has Blackstone's real estate — performance revenue realized changed year-over-year?
- Blackstone's real estate — performance revenue realized increased by 276.1% year-over-year, from $19.51M to $73.38M.
- What is the long-term trend for Blackstone's real estate — performance revenue realized?
- Over 4 years (2021 to 2025), Blackstone's real estate — performance revenue realized has grown at a -30.0% compound annual growth rate (CAGR), from $1.12B to $268.77M.
- What does real estate — performance revenue realized mean?
- The realized performance fees earned by the real estate segment from successful investment exits.