Revenue
$1.86B
Fiscal year ended 2026-06-30Operating income
$1.12B
Fiscal year ended 2026-06-30Free cash flow
Unavailable
Fiscal year ended 2026-06-30How this compares in its industry
Percentile among the Real Estate Investment Trusts filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Net margin | -41.2% | 7th | |
| Revenue YoY growth | -6.7% | 16th | |
| Operating margin | 50.7% | 80th | |
| Long-term debt / equity | 2.09x | 75th | |
| Gross margin | 53.6% | 30th |
Blackstone Real Estate Income Trust, Inc. (BSTT) reported revenue of $1.86B and net income of -$401.42M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Blackstone Real Estate Income Trust, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Real Estate Investment Trusts.
Income
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.86B | $1.94B | $1.97B | $1.94B | $2.00B | $2.06B | $2.09B | $2.09B | $2.16B | $2.19B |
| Cost of revenue | $861.60M | $890.58M | $895.28M | $916.93M | $926.79M | $953.09M | $1.01B | $1.04B | $1.00B | $1.01B |
| Gross profit | $999.03M | $1.05B | $1.07B | $1.03B | $1.07B | $1.10B | $1.08B | $1.06B | $1.15B | $1.18B |
| Operating income | $1.12B | $1.10B | $1.22B | $1.04B | $1.27B | $502.13M | $1.31B | $1.21B | $1.32B | $1.56B |
| Net income | -$401.42M | -$357.46M | -$460.36M | -$638.68M | -$488.48M | -$1.70B | $367.02M | -$606.06M | -$518.50M | -$133.01M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | Unavailable | Unavailable | Unavailable | shares 3.53B | shares 3.56B | shares 3.64B | Unavailable | shares 3.74B | shares 3.85B | shares 4.00B |
| Pretax income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Income tax expense | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Diluted EPS | Unavailable | Unavailable | Unavailable | $-0.18 | $-0.14 | $-0.47 | Unavailable | $-0.16 | $-0.13 | $-0.03 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $18.11M | $14.44M | $18.55M | $17.96M | $16.89M | $16.11M | $14.83M | $15.37M | $17.95M | $16.35M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.41B | $1.28B | $1.61B | $1.64B | $2.07B | $1.93B | $1.93B | $1.48B | $1.63B | $2.67B |
| Total assets | $90.75B | $93.60B | $98.60B | $104.13B | $109.00B | $112.93B | $116.24B | $119.59B | $125.81B | $129.75B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $65.44B | $67.85B | $71.93B | $76.50B | $79.55B | $81.74B | $81.37B | $84.25B | $88.12B | $88.55B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $25.20B | $25.60B | $26.53B | $27.32B | $29.23B | $31.01B | $34.69B | $35.17B | $37.50B | $41.00B |
| Temporary (mezzanine) equity | $111.39M | $140.62M | $141.10M | $312.52M | $222.40M | $177.12M | $173.66M | $174.07M | $183.74M | $194.36M |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $373.13M | $481.41M | $448.55M | $572.19M | $592.69M | $634.08M | $641.55M | $685.85M | $729.80M | $767.50M |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | $52.53B | $54.36B | $55.54B | $56.97B | $58.15B | $58.88B | $58.54B | $61.13B | $63.27B | $63.50B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $740.08M | $473.81M | $564.14M | $540.03M | $609.12M | $572.45M | $454.61M | $480.40M | $653.83M | $498.49M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | $2.86B | $4.27B | $3.45B | $3.62B | $3.20B | $1.26B | $3.77B | $3.57B | $1.87B | $1.91B |
| Financing cash flow | -$3.42B | -$5.03B | -$4.09B | -$4.60B | -$3.89B | -$1.66B | -$3.94B | -$4.14B | -$3.41B | -$1.63B |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Stock-based compensation | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common dividends paid | $280.78M | $279.20M | $283.60M | $285.62M | $284.36M | $292.59M | $297.40M | $303.91M | $316.38M | $330.17M |
| Common share repurchases | $969.33M | $1.20B | $1.24B | $1.36B | $1.73B | $1.80B | $1.36B | $2.04B | $3.22B | $2.68B |
| Depreciation & amortization | $742.51M | $760.49M | $792.42M | $788.48M | $808.65M | $827.10M | $922.67M | $848.21M | $889.33M | $913.21M |
Derived
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 53.7% | 54.0% | 54.4% | 52.8% | 53.6% | 53.6% | 51.6% | 50.5% | 53.5% | 54.1% |
| Operating margin | 60.0% | 56.8% | 62.3% | 53.4% | 63.6% | 24.4% | 62.7% | 57.9% | 61.1% | 71.3% |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | -6.9% | -5.7% | -5.9% | -7.2% | -7.4% | -6.1% | -4.4% | -4.2% | -5.0% | -4.3% |
| Net margin | -21.6% | -18.4% | -23.4% | -32.9% | -24.4% | -82.6% | 17.6% | -28.9% | -24.0% | -6.1% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 2.08x | Unavailable | 2.09x | 2.09x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open BSTT in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-13View SEC filing
10-Q · Filed 2025-05-09View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.