Third-quarter non-GAAP EPS of $0.24 beat estimates by $0.01.Revenue of $806.53 million (+10.8% year-over-year) exceeded estimates by $103.45 million.
The company raised $49 billion in new capital last year, and assets under management (AUM) rose 12% to $330 billion. $12.6 billion in new capital was added during the quarter.
Fee-related earnings (FRE) were $0.27 per share, and distributable earnings (DE) were $0.24 per share. We have declared a dividend of $0.23 per share for the third quarter. The dividend will be paid on November 23 to shareholders of record as of November 10.
Currently, there are $36 billion in assets on which no fees have yet been charged—a 30% increase from one year ago—which could generate $400 million in fee revenue.
