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Blackstone Real Estate Income Trust, Inc.

BSTT

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11 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Blackstone Real Estate Income Trust, Inc. faces fundamental challenges with weakness in Profit Margin (%) and Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap —

Dividend Yield —

Revenue Growth -6.7% ↘

Op. Margin 50.7% ↘

ROIC None

FCF / Share None

Trailing P/E —

Price / Book —

FCF Yield —

Debt / Equity 2.87

info Valuation on last close.

11-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$7.96B

↓ -6.7% —

Net Income Profit after all expenses

$-3.28B

↓ -268.8% —

Operating Margin Operating profit as % of sales

50.7%

↓ -20.0% 97th

Long-Term Debt Long-term obligations

$55.54B

↓ -5.1% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns ↓

Financial Health ↑

Dividend History

Dividend / share · sourced from SEC filings

$0.66 Latest / share

-0.3% YoY

+4.1% 9-yr CAGR

FY 2015

FY 2016

$0.48

FY 2017

$0.63

FY 2018

$0.64

FY 2019

$0.64

FY 2020

$0.65

FY 2021

$0.67

FY 2022

$0.67

FY 2023

$0.66

FY 2024

$0.66

FY 2025

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Mar 2, 2016 10-K ↗
Revenue Growth YoY (%)	-6.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-233%)	-4.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-190%)	16.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+237%)	106.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2037%)	44.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+797%)	51.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+926%)	133.1% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2563%)	358.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+7059%)	—	—	—
EPS Growth YoY (%)	-300.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-43.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	20.0% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	33.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	43.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	1.9% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—
Net Income Growth YoY (%)	-268.8% Weak ↓ Weak Declining Year-over-year change in net income	-28.7% Weak ↓ Weak Declining Year-over-year change in net income	21.7% Good ↑ Good Improving Year-over-year change in net income	-9.8% Weak ↑ Weak Improving Year-over-year change in net income	5.7% Fair ↑ Fair Improving Year-over-year change in net income	-112.4% Weak ↑ Weak Improving Year-over-year change in net income	-43.0% Weak ↑ Weak Improving Year-over-year change in net income	-225.8% Weak Weak Year-over-year change in net income	-74907.0% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	1.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	32.1% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	51.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	65.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	72.3% Excellent Excellent Compound annual revenue growth over 3 years	152.8% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—
Revenue CAGR 5Y (%)	25.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	38.3% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	65.3% Excellent Excellent Compound annual revenue growth over 5 years	117.3% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Mar 2, 2016 10-K ↗
Operating Margin (%) (%)	50.7% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+69%)	63.3% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+111%)	66.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+123%)	48.6% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+62%)	—	61.6% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+105%)	66.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+122%)	60.6% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+102%)	65.9% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+120%)	—	—
Profit Margin (%) (%)	-41.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-265%)	-10.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-142%)	-7.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-131%)	-11.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-146%)	-21.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-187%)	-33.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-234%)	-23.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-195%)	-38.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-255%)	-54.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-318%)	—	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Mar 2, 2016 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	4.1% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	3.6% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	—	3.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	2.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-17.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-312%)	-3.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-141%)	-1.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-124%)	-2.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-125%)	-2.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-127%)	-5.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-167%)	—	-7.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-194%)	-5.8% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-173%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Mar 2, 2016 10-K ↗
Debt to Equity (x)	2.87x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+187%)	2.14x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+114%)	1.70x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+70%)	1.46x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+46%)	1.13x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+13%)	1.26x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+26%)	—	1.82x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+82%)	1.42x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+42%)	—	—
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD)	$53.94B	$56.61B	$59.75B	$63.68B	$40.34B	$19.64B	$-204.27M	$6.77B	$2.08B	$-200.00K	$-200.00K
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Mar 2, 2016 10-K ↗
Revenue per Share (USD)	$2.24	$2.23	$2.03	$1.76	$1.40	$1.60	$2.25	—	—	—	—
Basic EPS, GAAP (USD)	$-0.92	$-0.23	$-0.16	$-0.20	$-0.30	$-0.53	$-0.54	—	—	—	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$0.66	$0.66	$0.67	$0.67	$0.65	$0.64	$0.64	$0.63	$0.48	—	—
Book Value per Share (USD)	$5.49	$7.41	$8.85	$9.91	$9.93	$8.81	—	$8.53	$8.72	—	—
Tangible Book Value per Share (USD)	$5.30	$7.19	$8.57	$9.32	$9.35	$8.15	—	$8.53	$8.72	—	—
Basic Weighted Avg Shares (shares)	3.56B	3.82B	4.41B	4.33B	2.65B	1.60B	748.84M	—	—	—	—
Dividend Payout Ratio (%)	-71.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-287.4% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-416.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-334.2% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-216.9% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-119.9% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	-117.8% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Mar 2, 2016 10-K ↗
LT Debt (USD)	$55.54B	$58.54B	$61.69B	$64.96B	$41.33B	$19.98B	—	$6.83B	$2.11B	—	—
Total Equity (USD)	$19.33B	$27.35B	$36.35B	$44.46B	$36.65B	$15.85B	—	$3.74B	$1.49B	—	$200.00K

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Mar 2, 2016 10-K ↗
Sales/Revenue/Turnover (USD)	$7.96B	$8.53B	$8.93B	$7.65B	$3.70B	$2.55B	$1.69B	$723.26M	$157.93M	—	—
Net Income, GAAP (USD)	$-3.28B	$-890.55M	$-691.82M	$-883.52M	$-804.78M	$-853.40M	$-401.77M	$-281.06M	$-86.26M	$-115.00K	—
Operating Cash Flow (USD)	$2.29B	$2.09B	$2.71B	$2.73B	$1.78B	$971.90M	$600.93M	$252.68M	$72.28M	$0.00	—

🏛️ Sector-Specific 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Mar 2, 2016 10-K ↗
FFO (approx.) (USD)	$-67.51M	$2.68B	$3.12B	$3.21B	$1.12B	$508.75M	$422.27M	$125.24M	$35.53M	$-115.00K	—
FFO per Share (approx.) (USD)	$-0.02	$0.70	$0.71	$0.74	$0.42	$0.32	$0.56	—	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 11 years · 42 quarters

Blackstone Real Estate Income Trust, Inc.

Analytical Summary

11-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

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