A non-GAAP cash measure of profit that a listed private equity firm can pay out as dividends. It counts fees and realised gains, not paper mark-ups.
可分配收益
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Blackstone's profit falls as choppy market tempers investment exits 可分配收益 · 第 2 张术语卡 | It fell 13 per cent to $1.32 a share — the number the market watches, and the one that sets the dividend. 同一家公司会同时报 GAAP 净利润与 DE，两者方向可以完全相反：本季 GAAP 净利润升到 6.624 亿美元，DE 却下降 9%。差别在于 GAAP 计入资产升值，DE 只算真正拿到手的现金。读财报先看它用哪个口径讲故事。 |