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黑石集团利润下降9.2%,利率和通胀抑制交易活动Blackstone Profit Drops 9.2% as Rates, Inflation Curb Dealmaking

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基础设施业务再次成为黑石本季度表现最佳的策略,回报率为6.4%。摄影师:迈克尔·纳格尔/彭博社Infrastructure was again Blackstone’s best-performing strategy in the quarter, returning 6.4%. Photographer: Michael Nagle/Bloomberg

黑石集团周四在一份声明中表示,由于能源价格飙升推高通胀,加息抑制了交易活动,该公司第三季度收入下滑。可分配收益下降9.2%至17.2亿美元,即每股1.32美元。这超过了彭博追踪的分析师平均预期的1.26美元。

Inc. reported a drop in third-quarter income as surging energy prices stoked inflation and higher interest rates subdued dealmaking. Distributable earnings slid 9.2% to $1.72 billion, or $1.32 a share, Blackstone said in a statement Thursday. That beat the $1.26 average estimate of analysts tracked by Bloomberg.

总裁乔恩·格雷在接受采访时表示:“本季度和市场上波动相当大,这在一定程度上减缓了IPO市场,交易活动也有所放缓。”

“There was a fair amount of volatility in the quarter and in markets, and that showed up in slowing the IPO market a bit and muted transaction activity as well,” President Jon Gray said in an interview.

基础设施再次成为黑石本季度表现最好的策略,回报率为6.4%。格雷表示,数据中心租赁、物流和酒店的强劲表现有助于缓解利率对公司部分业务造成的压力。

Infrastructure was again Blackstone’s best-performing strategy in the quarter, returning 6.4%. Strength in data-center leasing, logistics and hotels helped mitigate the pressure that interest rates exerted on some parts of the firm’s business, Gray said.

房地产和私募股权在第三季度均表现挣扎,这两个板块的可分配收益分别下降10%和7%。管理资产总额攀升10%至1.37万亿美元。

Real estate and private equity both struggled in the third quarter, with distributable earnings from those segments falling 10% and 7%, respectively. Total assets under management climbed 10% to $1.37 trillion.

黑石规模最大的信贷与保险业务的可分配收益在连续前两个季度下降后,本季度增长4%至4.33亿美元。截至9月的三个月内,该业务占黑石633亿美元资金净流入的一半以上。

Distributable earnings at Blackstone’s credit and insurance arm, its biggest by assets, climbed 4% to $433 million, after declining in each of the previous two quarters. The business accounted for more than half of Blackstone’s $63.3 billion of inflows during the three months through September.

格雷表示:“私人信贷并未遭遇末日”,并补充称,黑石私人信贷基金(BCRED)的资金净流入仍“疲软”,但“随着时间的推移会好转”。截至周三,黑石股价今年以来已暴跌29%。

“There’s been no private credit apocalypse,” Gray said, adding that inflows at the Blackstone Private Credit Fund, or BCRED, remain “muted” and “will get better with time.”Shares of Blackstone tumbled 29% this year through Wednesday.

截至9月底,黑石持有2289亿美元的“干粉”以备未来部署,其中包括469亿美元用于房地产、915亿美元用于私募股权,这两项业务均受到加息的冲击。

Blackstone ended September with $228.9 billion of dry powder for future deployment, including $46.9 billion for real estate and $91.5 billion for private equity, businesses that were both challenged by higher rates.

该公司第三季度部署了301亿美元,其中包括对Falcata的投资——这是一家由其收购的两家实体合并而成的国防技术公司,以及收购管道巨头Williams Cos.正在建设的五座发电厂的少数股权,因为数据中心推动了对电力的需求。交易退出(即变现)在该期间总计331亿美元。

The firm deployed $30.1 billion in the third quarter including its investment in Falcata, the defense-technology company it established by combining two entities it had bought, and its acquisition of a minority stake in five power plants being built by pipeline giant Williams Cos., as data centers fuel demand for electricity. Deal exits, or realizations, totaled $33.1 billion in the period.

格雷表示,他预计第四季度和明年将表现强劲:“我们在业务的许多不同领域都拥有强劲的势头。”

Gray said he expects a strong fourth quarter and year ahead: “We just have a lot of momentum across a number of different areas in the business.”

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