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Blackstone Inc (BX.N) Posts 4% Rise in Q4 Distributable Earnings Amid Market Challenges

Blackstone Inc (BX.N) reported a 4% increase in its fourth-quarter distributable earnings on Thursday, reflecting the world's largest private equity firm's successful divestment of assets across real estate, credit, and hedge funds. Distributable earnings, the cash allocated for shareholder dividends, surged to nearly $1.4 billion for the three months ending December 31, up from $1.3 billion in the corresponding period the previous year. This resulted in distributable earnings per share of $1.11, surpassing the average Wall Street analyst estimate of 95 cents, according to LSEG data.

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