- Blackstone Inc. distributable earnings slid 9.2% to $1.72 billion, or $1.32 a share, in Q3.
- Q3 distributable earnings beat the $1.26 average analyst estimate tracked by Bloomberg.
- Higher interest rates subdued dealmaking, and the money Blackstone deployed reached a low for this year.
- Infrastructure was Blackstone's best-performing strategy in the quarter, returning 6.4%.