Blackstone Group is trading 4% up at $129.52 after reporting second-quarter distributable earnings of $1.52 per share, surpassing analyst consensus estimates.
- The firm reached a record $1.35 trillion in assets under management (AUM) following robust capital inflows during the period.
- Investors are rewarding the company's strategic pivot toward AI infrastructure, which has bolstered sentiment even as traditional real estate remains under pressure.
- The strong quarterly performance stands out as broader markets trade mixed, reflecting confidence in Blackstone's diversified growth strategy.