Blackstone wants investors to know that amid the economic chaos of the coronavirus, it is ready to pounce on investment opportunities. In a first quarter earnings call Thursday, the company reported a net income loss of $2.6 billion — or $1.58 per share — but highlighted the ample dry powder it’s ready to deploy. Distributable earnings were $557 million, up 4 percent from last year. And while opportunistic and core plus real estate funds declined
source https://therealdeal.com/2020/04/23/blackstone-we-dont-need-financing-to-get-things-done/
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