Exact(60)
Its economic net income tumbled 68.2 percent, to $6.8 million.
Economic net income accounts for unrealized investment gains.
On an after-tax basis, economic net income was 29 cents a share.
Sliced another way, Apollo's I.P.O. is priced at 5.3 times its economic net income.
Blackstone's profit, reported as economic net income after taxes, amounted to $432.3 million for the quarter.
That profit, reported as after-tax economic net income, amounted to 88 cents a share.
Its real estate division reported a 76 percent drop in economic net income, to $600,000.
The profit, reported as economic net income after taxes, amounted to 84 cents a unit.
K.K.R. reported $245.3 million in economic net income after taxes atop $117.6 million in fees.
Carlyle attributed the decline in economic net income to a smaller appreciation in the value of its portfolio.
The unit's economic net income, however, dipped slightly, to $485.5 million, on lower transaction and performance fees.
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