Blackstone's quarterly earnings slump 39% due to sharp drop in asset sales

Blackstone's quarterly earnings slump 39% due to sharp drop in asset sales

FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon//File Photo

Blackstone Inc said on Thursday its second-quarter distributable earnings slumped nearly 40%, owing to a sharp drop in asset sales mostly from its real estate and credit businesses.