Business Segments · Realized Performance Compensation
Real Estate — Realized Performance Compensation
Blackstone Real Estate — Realized Performance Compensation decreased by 60.0% to $27.83M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 206.1%, from $9.09M to $27.83M. Over 4 years (FY 2021 to FY 2025), Real Estate — Realized Performance Compensation shows a downward trend with a -26.4% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityVolatile
First reportedQ1 2016
Last reportedQ4 2025
How to read this metric
Higher realized performance compensation is generally a byproduct of high performance revenue, indicating successful investment realizations.
Detailed definition
This reflects the portion of performance-based revenue that is paid out as compensation to investment professionals and...
Peer comparison
Comparable to 'Carried Interest Compensation' or 'Performance-related bonus' at peer investment firms.
Metric ID:
bx_segment_real_estate_realized_performance_compensationHistorical 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 | $154.93M | $199.10M | $66.43M | $290.03M | $831.40M | $33.46M | $13.15M | $3.17M | $69.59M | $7.81M | $42.73M | $21.86M | $25.30M | $44.76M | $9.09M | $8.77M | $24.14M | $69.62M | $27.83M |
| QoQ Change | — | +28.5% | -66.6% | +336.6% | +186.7% | -96.0% | -60.7% | -75.9% | >999% | -88.8% | +446.9% | -48.8% | +15.7% | +77.0% | -79.7% | -3.5% | +175.2% | +188.4% | -60.0% |
| YoY Change | — | — | — | — | +436.6% | -83.2% | -80.2% | -98.9% | -91.6% | -76.7% | +225.0% | +590.8% | -63.7% | +472.9% | -78.7% | -59.9% | -4.6% | +55.5% | +206.1% |
Range$3.17M – $831.40M
CAGR-31.7%
Avg YoY Growth+90.0%
Median YoY Growth-59.9%
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Frequently Asked Questions
- What is Blackstone's real estate — realized performance compensation?
- Blackstone (BX) reported real estate — realized performance compensation of $27.83M in Q4 2025.
- How has Blackstone's real estate — realized performance compensation changed year-over-year?
- Blackstone's real estate — realized performance compensation increased by 206.1% year-over-year, from $9.09M to $27.83M.
- What is the long-term trend for Blackstone's real estate — realized performance compensation?
- Over 4 years (2021 to 2025), Blackstone's real estate — realized performance compensation has grown at a -26.4% compound annual growth rate (CAGR), from $443.22M to $130.36M.
- What does real estate — realized performance compensation mean?
- The share of realized performance fees paid out as compensation to the real estate investment team.