Blackstone Real Estate Income Trust, Inc. (BSTT)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-30
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016
Total Revenue1,965,275,000$1,943,444,000$1,998,381,000$2,055,172,000$2,088,907,000$2,094,666,000$2,158,547,000$2,188,914,000$2,186,177,000$2,187,233,000$2,273,055,000$2,287,940,000$2,275,402,000$2,128,910,000$1,723,001,000$1,519,065,000$1,173,724,000$979,309,000$810,183,000$733,455,000$648,648,000$635,371,000$592,747,000$674,882,000$596,840,000$438,033,000$354,308,000$297,091,000$261,186,000$200,162,000$152,226,000$109,684,000$78,245,000$48,904,000$28,339,000$2,444,000$
QoQ%1.12%(2.75%)(2.76%)(1.62%)(.28%)(2.96%)(1.39%).13%(.05%)(3.78%)(.65%).55%6.88%23.56%13.43%29.42%19.85%20.88%10.46%13.07%2.09%7.19%(12.17%)13.08%36.26%23.63%19.26%13.75%30.49%31.49%38.79%40.18%60.00%72.57%1,059.53%
YoY%(5.92%)(7.22%)(7.42%)(6.11%)(4.45%)(4.23%)(5.04%)(4.33%)(3.92%)2.74%31.92%50.62%93.86%117.39%112.67%107.11%80.95%54.13%36.68%8.68%8.68%45.05%67.30%127.16%128.51%118.84%132.75%170.86%233.81%309.30%437.16%4,387.89%
Cost Of Revenue895,275,000$916,934,000$926,793,000$953,089,000$1,010,104,000$1,035,895,000$1,004,680,000$1,005,371,000$998,847,000$1,062,156,000$1,044,599,000$1,026,012,000$981,999,000$987,944,000$785,411,000$670,450,000$485,955,000$406,297,000$323,078,000$293,385,000$260,354,000$253,645,000$231,558,000$267,694,000$259,595,000$211,542,000$164,408,000$139,131,000$134,530,000$90,605,000$64,974,000$50,232,000$36,283,000$22,606,000$11,498,000$0$
Gross Profit1,070,000,000$1,026,510,000$1,071,588,000$1,102,083,000$1,078,803,000$1,058,771,000$1,153,867,000$1,183,543,000$1,187,330,000$1,125,077,000$1,228,456,000$1,261,928,000$1,293,403,000$1,140,966,000$937,590,000$848,615,000$687,769,000$573,012,000$487,105,000$440,070,000$388,294,000$381,726,000$361,189,000$407,188,000$337,245,000$226,491,000$189,900,000$157,960,000$126,656,000$109,557,000$87,252,000$59,452,000$41,962,000$26,298,000$16,841,000$2,444,000$
Gross Margin54.45%52.82%53.62%53.63%51.64%50.55%53.46%54.07%54.31%51.44%54.04%55.16%56.84%53.59%54.42%55.86%58.60%58.51%60.12%60.00%59.86%60.08%60.94%60.34%56.51%51.71%53.60%53.17%48.49%54.73%57.32%54.20%53.63%53.78%59.43%100.00%
Operating Expenses(154,190,000$)(11,217,000$)(198,852,000$)599,952,000$(230,410,000$)(154,180,000$)(164,599,000$)(376,220,000$)(59,374,000$)(57,033,000$)(408,416,000$)(637,887,000$)(185,647,000$)89,166,000$563,451,000$(49,020,000$)(524,730,000$)(313,338,000$)(340,241,000$)(365,154,000$)(301,586,000$)(221,469,000$)(547,875,000$)1,036,820,000$(47,027,000$)(52,568,000$)(51,784,000$)(61,683,000$)3,956,000$(28,647,000$)(17,397,000$)(13,235,000$)(10,314,000$)(4,026,000$)(2,543,000$)4,921,000$114,823$0$
Operating Income1,224,190,000$1,037,727,000$1,270,440,000$502,131,000$1,309,213,000$1,212,951,000$1,318,466,000$1,559,763,000$1,246,704,000$1,182,110,000$1,636,872,000$1,899,815,000$1,479,050,000$1,051,800,000$374,139,000$897,635,000$1,212,499,000$886,350,000$827,346,000$805,224,000$689,880,000$603,195,000$909,064,000$(629,632,000$)384,272,000$279,059,000$241,684,000$219,643,000$122,700,000$138,204,000$104,649,000$72,687,000$52,276,000$30,324,000$19,384,000$2,165,000$
Operating Margin62.29%53.40%63.57%24.43%62.68%57.91%61.08%71.26%57.03%54.05%72.01%83.04%65.00%49.41%21.71%59.09%103.30%90.51%102.12%109.79%106.36%94.94%153.37%(93.30%)64.38%63.71%68.21%73.93%46.98%69.05%68.75%66.27%66.81%62.01%68.40%88.58%
Interest Income99,799,000$106,881,000$119,519,000$113,358,000$128,755,000$149,193,000$155,392,000$178,838,000$171,054,000$176,464,000$181,279,000$173,746,000$158,933,000$141,622,000$169,544,000$73,812,000$63,894,000$44,625,000$14,615,000$43,197,000$38,018,000$47,200,000$14,523,000$14,234,000$12,527,000$9,533,000$7,710,000$5,901,000$3,136,000$1,165,000$25,000$
Interest Expenses743,445,000$768,735,000$777,766,000$765,796,000$793,284,000$853,014,000$857,855,000$831,715,000$736,691,000$808,169,000$739,289,000$788,593,000$838,495,000$695,047,000$434,529,000$346,259,000$280,188,000$204,444,000$181,520,000$181,532,000$173,107,000$174,193,000$176,579,000$188,504,000$173,573,000$116,037,000$103,279,000$91,587,000$86,241,000$65,711,000$49,841,000$31,391,000$20,471,000$10,866,000$5,541,000$
Income Before Tax(525,373,000$)(713,517,000$)(568,983,000$)(1,839,784,000$)380,021,000$(607,726,000$)(582,007,000$)(170,070,000$)(1,513,077,000$)516,627,000$708,950,000$(692,461,000$)(710,700,000$)344,879,000$(617,908,000$)(96,579,000$)(321,312,000$)(367,154,000$)(176,582,000$)28,884,000$(91,053,000$)122,469,000$318,332,000$(1,217,150,000$)(184,869,000$)(126,494,000$)(52,784,000$)(50,096,000$)(131,120,000$)(58,763,000$)(51,944,000$)(49,638,000$)(37,735,000$)(32,031,000$)(16,572,000$)(1,352,000$)(115,000$)0$
Tax Expenses(184,000$)129,000$(85,000$)
Net Income(525,373,000$)(713,517,000$)(568,983,000$)(1,839,784,000$)380,021,000$(607,726,000$)(582,007,000$)(170,070,000$)(1,513,077,000$)516,627,000$708,950,000$(692,461,000$)(710,700,000$)344,879,000$(617,908,000$)(96,579,000$)(321,312,000$)(367,154,000$)(176,582,000$)28,884,000$(91,053,000$)122,469,000$318,332,000$(1,217,150,000$)(184,869,000$)(126,494,000$)(52,784,000$)(50,096,000$)(131,120,000$)(58,763,000$)(51,944,000$)(49,638,000$)(37,735,000$)(31,847,000$)(16,701,000$)(1,267,000$)(115,000$)0$
Profit Margin(26.73%)(36.71%)(28.47%)(89.52%)18.19%(29.01%)(26.96%)(7.77%)(69.21%)23.62%31.19%(30.27%)(31.23%)16.20%(35.86%)(6.36%)(27.38%)(37.49%)(21.80%)3.94%(14.04%)19.28%53.71%(180.35%)(30.98%)(28.88%)(14.90%)(16.86%)(50.20%)(29.36%)(34.12%)(45.26%)(48.23%)(65.12%)(58.93%)(51.84%)
TTM(45.81%)(33.91%)(32.01%)(31.55%)(11.49%)(33.30%)(20.05%)(5.18%)(10.97%)(1.97%)(3.90%)(19.92%)(14.13%)(10.56%)(26.00%)(21.45%)(22.62%)(19.10%)(4.11%)14.51%(33.99%)(38.45%)(52.56%)(76.61%)(24.57%)(26.69%)(26.31%)(32.06%)(40.30%)(36.66%)(43.99%)(51.26%)(55.44%)
Earnings to Minority(65,017,000$)(74,835,000$)(80,505,000$)(143,147,000$)12,999,000$(1,667,000$)(63,508,000$)(37,057,000$)(79,082,000$)(71,667,000$)(45,984,000$)(91,406,000$)(75,692,000$)(27,288,000$)(48,898,000$)(44,911,000$)(20,103,000$)(9,865,000$)(1,825,000$)412,000$(2,030,000$)1,197,000$3,893,000$(17,063,000$)(3,819,000$)(3,323,000$)(2,080,000$)(3,250,000$)(5,761,000$)(1,096,000$)(1,462,000$)(2,090,000$)(1,170,000$)(122,000$)
Earnings to Common Shareholders(460,356,000$)(638,682,000$)(488,478,000$)(1,696,637,000$)367,022,000$(606,059,000$)(518,499,000$)(133,013,000$)(1,433,995,000$)588,294,000$754,934,000$(601,055,000$)(635,008,000$)372,167,000$(569,010,000$)(51,668,000$)(301,209,000$)(357,289,000$)(174,757,000$)28,472,000$(89,023,000$)121,272,000$314,439,000$(1,200,087,000$)(181,050,000$)(123,171,000$)(50,704,000$)(46,846,000$)(125,359,000$)(57,667,000$)(50,482,000$)(47,548,000$)(36,565,000$)(31,725,000$)(16,701,000$)(1,267,000$)(115,000$)0$
QoQ%27.92%(30.75%)71.21%(562.27%)160.56%(16.89%)(289.81%)90.72%(343.76%)(22.07%)225.60%5.35%(270.62%)165.41%(1,001.28%)82.85%15.70%(104.45%)(713.79%)131.98%(173.41%)(61.43%)126.20%(562.85%)(46.99%)(142.92%)(8.24%)62.63%(117.38%)(14.23%)(6.17%)(30.04%)(15.26%)(89.96%)(1,218.15%)(1,001.74%)
YoY%(225.43%)(5.38%)5.79%(1,175.54%)125.59%(203.02%)(168.68%)77.87%(125.82%)58.07%232.68%(1,063.30%)(110.82%)204.16%(225.60%)(281.47%)(238.35%)(394.62%)(155.58%)102.37%50.83%198.46%720.15%(2,461.77%)(44.43%)(113.59%)(.44%)1.48%(242.84%)(81.77%)(202.27%)(3,652.80%)(31,695.65%).00%
Earnings Per Share, Basic(0.13$)(0.18$)(0.14$)(0.47$)0.10$(0.16$)(0.13$)(0.03$)(0.35$)0.14$0.17$(0.13$)(0.14$)0.08$(0.13$)(0.01$)(0.09$)(0.12$)(0.08$)0.01$(0.03$)0.07$0.20$(857.50$)(0.06$)(150.38$)(80.26$)(95.85$)0.15$(0.17$)(0.19$)(0.23$)0.16$(0.28$)(0.22$)(0.03$)0.00$
Earnings Per Share, Diluted(0.13$)(0.18$)(0.14$)(0.47$)0.10$(0.16$)(0.13$)(0.03$)(0.35$)0.14$0.17$(0.13$)(0.14$)0.08$(0.13$)(0.01$)(0.09$)(0.12$)(0.08$)0.01$(0.03$)0.07$0.20$(857.50$)(0.06$)(150.38$)(80.26$)(95.85$)0.15$(0.17$)(0.19$)(0.23$)0.16$(0.28$)(0.22$)(0.03$)0.00$
Unlevered FCF Per Share, Basic0.16$0.15$0.17$0.16$0.12$0.13$0.17$0.12$0.14$0.15$0.21$0.12$0.12$0.19$0.17$0.16$0.17$0.18$0.16$0.15$0.08$0.15$0.17$149.37$0.08$219.64$190.64$149.43$(0.09$)0.22$0.20$(0.12$)0.22$
Unlevered FCF Per Share, Diluted0.16$0.15$0.17$0.16$0.12$0.13$0.17$0.12$0.14$0.15$0.21$0.12$0.12$0.19$0.17$0.16$0.17$0.18$0.16$0.15$0.08$0.15$0.17$149.37$0.08$219.64$190.64$149.43$(0.09$)0.22$0.20$(0.12$)0.22$
Average Shares, Basic3,503,675,0003,525,061,0003,563,370,0003,635,118,0003,699,288,0003,740,039,0003,847,540,0004,000,833,0004,140,315,0004,307,884,0004,529,016,0004,662,301,0004,467,045,0004,484,761,0004,383,507,0004,001,087,0003,453,711,0002,873,453,0002,315,262,0001,938,486,0003,154,023,4861,651,693,0001,585,584,0001,399,5142,993,424,440819,055631,745488,760-819,945,000342,351,542272,727,892206,104,310-226,106,207112,585,46376,595,99437,307,09420,00020,000
Average Shares, Diluted3,503,675,0003,525,061,0003,563,370,0003,635,118,0003,699,288,0003,740,039,0003,847,540,0004,000,833,0004,140,315,0004,307,884,0004,529,016,0004,662,301,0004,467,045,0004,484,761,0004,383,507,0004,001,087,0003,453,711,0002,873,453,0002,315,262,0001,938,486,0003,154,023,4861,651,693,0001,585,584,0001,399,5142,993,424,440819,055631,745488,760-819,945,000342,351,542272,727,892206,104,310-226,106,207112,585,46376,595,99437,307,09420,00020,000
EBIT218,072,000$55,218,000$208,783,000$(1,073,988,000$)1,173,305,000$245,288,000$275,848,000$661,645,000$(776,386,000$)1,324,796,000$1,448,239,000$96,132,000$127,795,000$1,039,926,000$(183,379,000$)249,680,000$(41,124,000$)(162,710,000$)4,938,000$210,416,000$82,054,000$296,662,000$494,911,000$(1,028,646,000$)(11,296,000$)(10,457,000$)50,495,000$41,491,000$(44,879,000$)6,948,000$(2,103,000$)(18,247,000$)(17,264,000$)(21,165,000$)(11,031,000$)(1,352,000$)(115,000$)0$
EBITDA1,010,492,000$843,693,000$1,017,434,000$(246,889,000$)2,095,976,000$1,093,502,000$1,165,182,000$1,574,853,000$118,948,000$2,253,659,000$2,435,875,000$1,095,517,000$1,225,060,000$2,167,627,000$774,970,000$1,164,731,000$596,755,000$319,335,000$404,559,000$610,803,000$435,449,000$629,261,000$842,263,000$(699,841,000$)306,757,000$194,196,000$212,349,000$180,970,000$98,708,000$110,706,000$82,723,000$55,877,000$39,384,000$19,194,000$12,665,000$(262,000$)(115,000$)0$