Blackstone Says Tariffs Are Affecting CRE Investment
The 2025 Q1 earnings call became the time for the company to publicly reassess its view since the Trump administration set forth on an unpredictable rollout of the tariff policy. The company had a strong quarter, though not similarly spectacular to 2024 Q4. Distributable earnings were up 11% year-over-year. They increased assets under management by $62 billion, the highest they’ve seen in 3 years, and by $200 billion over the last 12 months.Then came the qualifications. “I'd say that $62 billion in the quarter is worth noting,” said Stephen Schwarzman,...



