NET INCOME PER COMMON UNIT (Tables)

3 Months Ended

Mar. 31, 2016

Basic and Diluted Net Income Per Common Unit

Basic and diluted net income per common unit for the three months ended March 31, 2016 and March 31, 2015 was calculated as follows:

	Three Months Ended March 31,
	2016		2015
Net Income for Per Common Unit Calculation
Net Income Attributable to The Blackstone Group L.P., Basic	$	150,033	$	629,448
Incremental Net Income from Assumed Exchange of Blackstone Holdings Partnership Units		119,594		—
Net Income Attributable to The Blackstone Group L.P., Diluted	$	269,627	$	629,448
Units Outstanding
Weighted-Average Common Units Outstanding, Basic		644,897,849		625,276,969
Weighted-Average Unvested Deferred Restricted Common Units		1,629,702		5,955,072
Weighted-Average Blackstone Holdings Partnership Units		548,042,780		—
Weighted-Average Common Units Outstanding, Diluted		1,194,570,331		631,232,041
Net Income Per Common Unit, Basic	$	0.23	$	1.01
Net Income Per Common Unit, Diluted	$	0.23	$	1.00
Distributions Declared Per Common Unit (a)	$	0.61	$	0.78

(a) Distributions declared reflects the calendar date of the declaration for each distribution.

Summary of Anti-Dilutive Securities

The following table summarizes the anti-dilutive securities for the three months ended March 31, 2016 and 2015:

	Three Months Ended March 31,
	2016		2015
Weighted-Average Blackstone Holdings Partnership Units		—	548,837,150