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Blackstone BX Real Estate — Segment Assets

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Other financials

Income statement

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Revenue$5.0B+35.9%
Net income$1.2B+60.8%
EPS (diluted)$1.54+57.1%

Balance sheet

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Cash & equivalents$2.8B+8.8%
Total debt$14.8B+13.6%
Total equity$9.0B+7.9%
Total assets$49.9B+10.0%

Cash flow

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Operating cash flow$1.9B+119%
CapEx$32.0M-20.4%
Free cash flow$1.9B+125%

Valuation

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Market cap$109.7B-17.0%
Enterprise value$121.76B-14.7%
P/E31.2×-15.0×
P/S6.8×-2.8×

Profitability

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Net margin21.8%+1.0pp
FCF margin34.1%+10.2pp

Returns & leverage

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Return on equity40.5%+2.8pp
Debt / equity1.6×+0.1×

Where this comes from

Reported directly by Blackstone in its filing.

Tagged under the XBRL concept bx:SegmentAssets.

The source filing: Blackstone’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-340208
Line itemReal EstatePrivate EquityCredit &InsuranceMulti-Asset InvestingTotal Segments
Other Operating Expenses(94,624)(131,515)(124,404)(29,587)(380,130)
Fee Related Earnings613,007716,924370,07083,4271,783,428
Realized Performance Revenues210,868490,80711,54017,670730,885
Realized Performance Compensation(85,259)(251,204)(3,746)(3,915)(344,124)
Realized Principal Investment Income (Loss)6,66024,952(4,622)50927,499
Total Net Realizations132,269264,5553,17214,264414,260
Total Segment Distributable Earnings$745,276$981,479$373,242$97,691$2,197,688
Segment Assets$13,882,665$20,653,736$7,825,978$2,708,734$45,071,113

Item 1. Financial Statements

FAQ

What is Blackstone's real estate — segment assets?
Blackstone (BX) reported real estate — segment assets of $13.88B in Q2 2026.
How has Blackstone's real estate — segment assets changed year-over-year?
Blackstone's real estate — segment assets increased by 17.4% year-over-year, from $11.83B to $13.88B.
What is the long-term trend for Blackstone's real estate — segment assets?
Over 4 years (2021 to 2025), Blackstone's real estate — segment assets has grown at a 6.4% compound annual growth rate (CAGR), from $37.84B to $48.58B.
What does real estate — segment assets mean?
This represents the total value of assets managed within the Real Estate segment. It is a primary indicator of the segment's scale, market influence, and potential for future fee generation.

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