-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
BX delivered solid Q1 2026 results with distributable earnings of $1.36 per share, narrowly exceeding the $1.34 consensus estimate and reflecting 25% Y/Y growth led by strong net realizations of $36B across Private Equity ($15B) and Credit & Insurance ($14B). The firm demonstrated exceptional asset gathering momentum with $68.5B of inflows and total AUM reaching $1.3T (+12% Y/Y), while fee-earning AUM grew to $937.6B (+9% Y/Y). The firm is seeing successful monetization and exits from private equity-owned companies, with continued focus on fast-growing areas such as digital and energy infrastructure positioning the firm well for future growth. Credit & Insurance led AUM growth at $457.5B (+17.7% Y/Y), followed by Private Equity at $429.9B (+15.9%), while Real Estate faced headwinds at $315.3B (-2% Y/Y). We think Credit & Insurance and Private Equity will continue to lead growth and performance in 2026 from institutional demand, while Real Estate will grow modestly as market conditions improve over time.