Blackstone Group’s earnings declined over the past three months as distributable earnings from the firm’s real estate segment fell by nearly a quarter from the same time last year. The firm’s overall net income for the second quarter of the year fell to $305.8 million, or 45 cents per share, a significant decline from the $742 million a year ago, executives announced on the company’s earnings call Thursday morning. At the same time, distributable earnings […]
source https://therealdeal.com/national/2019/07/18/blackstones-q2-earnings-decline-as-real-estate-segment-tumbles/#new_tab
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