NET INCOME PER COMMON UNIT (Tables)

3 Months Ended

Mar. 31, 2018

Basic and Diluted Net Income Per Common Unit

Basic and diluted net income per common unit for the three months ended March 31, 2018 and March 31, 2017 was calculated as follows:

	Three Months Ended March 31,
	2018		2017
Net Income for Per Common Unit Calculations
Net Income Attributable to The Blackstone Group L.P., Basic	$	367,872	$	451,909
Incremental Net Income from Assumed Exchange of Blackstone Holdings Partnership Units		278,746		363,753
Net Income Attributable to The Blackstone Group L.P., Diluted	$	646,618	$	815,662
Units Outstanding
Weighted-Average Common Units Outstanding, Basic		674,479,140		660,939,708
Weighted-Average Unvested Deferred Restricted Common Units		198,934		809,184
Weighted-Average Blackstone Holdings Partnership Units		535,895,780		537,758,091
Weighted-Average Common Units Outstanding, Diluted		1,210,573,854		1,199,506,983
Net Income Per Common Unit, Basic	$	0.55	$	0.68
Net Income Per Common Unit, Diluted	$	0.53	$	0.68
Distributions Declared Per Common Unit (a)	$	0.85	$	0.47

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