Blackstone (NYSE:BX) delivered a stronger-than-expected first-quarter performance, buoyed by robust inflows and solid growth across its business segments. The firm’s shares edged 1% higher intra-day today following the results.

Distributable earnings came in at $1.09 per share, outpacing the $1.06 estimate from analysts. Revenue also exceeded expectations, reaching $3.29 billion versus the forecasted $2.94 billion.

Fee-related earnings rose 9% from the year-ago period to $1.26 billion, underscoring the health of Blackstone’s recurring income stream. The company’s total assets under management expanded 10% year-over-year to $1.17 trillion, with perpetual capital reaching $464.4 billion—up 14%.

Investor appetite remained strong despite broader market turbulence. Blackstone attracted $62 billion in new capital during the quarter, marking its highest inflow level in nearly three years. Gains were spread across its real estate, private equity, and credit businesses.