Blackstone Real Estate Income Trust, Inc.
BSTT· OTC· Real Estate Investment Trusts
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- –
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +25.6%
We record prices for the companies we cover; BSTT is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 3.56B
- Revenue
- $8.0B
- Free cash flow
- –
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 50.7%
- Net
- -41.2%
- Free cash flow
- –
- Owner earnings
- –
- Stock pay
- –
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- -17.0%
- ROE, 5 yr avg
- -5.3%
Growth (CAGR)
- Revenue, 3 yr
- 1.4%
- Revenue, 5 yr
- 25.6%
- Revenue, 8 yr
- 63.2%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 8 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 8 yr
- –
Financial health · FY2025
- Cash and investments
- $1.6B
- Total debt
- $55.5B
- Net debt
- $53.9B
- Debt/Equity
- 2.9x
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 17.4%
Financials: ten years from the 10-Ks
Revenue
$8.0B
+63.2% a year over 8 years
FY2017FY2025
Margins
Operating50.7%Net-41.2%
FY2025
FY2017FY2025
Diluted shares
3.56B
+375.0% over 8 years, net dilution
FY2017FY2025
Net debt (below zero)
-$53.9B
$53.9B more debt than cash
FY2017FY2025
Every figure, year by year
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| The business | |||||||||
| Revenue | $157.9M | $723.3M | $1.7B | $2.6B | $3.7B | $7.6B | $8.9B | $8.5B | $8.0B |
| Revenue growth | – | 358.0% | 133.1% | 51.3% | 44.9% | 106.8% | 16.8% | -4.5% | -6.7% |
| Gross margin | – | – | – | – | – | – | – | – | – |
| Operating margin | 65.9% | 60.6% | 66.7% | 61.6% | 100.9% | 48.6% | 66.8% | 63.3% | 50.7% |
| Net income | -$86.3M | -$281.1M | -$401.8M | -$853.4M | -$804.8M | -$883.5M | -$691.8M | -$890.5M | -$3.3B |
| Net margin | -54.6% | -38.9% | -23.8% | -33.4% | -21.8% | -11.6% | -7.7% | -10.4% | -41.2% |
| Diluted EPS | – | – | $-0.54 | $-0.53 | $-0.30 | $-0.20 | $-0.16 | $-0.23 | $-0.92 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – |
| Cash | |||||||||
| Operating cash flow | $72.3M | $252.7M | $600.9M | $971.9M | $1.8B | $2.7B | $2.7B | $2.1B | $2.3B |
| Capital expenditure | – | – | – | – | – | – | – | – | – |
| Free cash flow | – | – | – | – | – | – | – | – | – |
| Stock-based compensation | – | – | – | – | – | – | – | – | – |
| Owner earnings? | – | – | – | – | – | – | – | – | – |
| Free cash flow per share | – | – | – | – | – | – | – | – | – |
| Capital allocation | |||||||||
| Dividends paid | $13.0M | $58.8M | $153.7M | $420.9M | $711.6M | $1.2B | $1.5B | $1.2B | $1.1B |
| Share repurchases | $669.0K | $49.5M | $75.3M | $1.2B | $1.1B | $10.4B | $12.4B | $9.3B | $6.1B |
| Diluted shares | – | – | 748.8M | 1.60B | 2.65B | 4.33B | 4.41B | 3.82B | 3.56B |
| Share count change? | – | – | – | 113.4% | 65.5% | 63.8% | 1.7% | -13.3% | -6.9% |
| Balance sheet | |||||||||
| Cash and equivalents | $31.2M | $68.1M | $204.3M | $333.4M | $989.7M | $1.3B | $1.9B | $1.9B | $1.6B |
| Short-term investments | – | – | – | – | – | – | – | – | – |
| Total debt | $2.1B | $6.8B | $16.9B | $20.0B | $41.3B | $65.0B | $61.7B | $58.5B | $55.5B |
| Net debt | $2.1B | $6.8B | $16.7B | $19.6B | $40.3B | $63.7B | $59.7B | $56.6B | $53.9B |
| Shareholders' equity | $1.5B | $3.7B | $10.3B | $15.9B | $36.6B | $44.5B | $36.4B | $27.4B | $19.3B |
Latest filings
| 2026-10-22 | 8-K | Earnings release |
| 2026-08-07 | 10-Q | Quarterly report |
| 2026-07-23 | 8-K | Earnings release |
| 2026-05-08 | 10-Q | Quarterly report |
| 2026-04-23 | 8-K | Earnings release |
| 2026-03-27 | DEF 14A | Proxy statement |
| 2026-02-27 | 10-K | Annual report |
| 2026-01-29 | 8-K | Earnings release |
| 2025-11-07 | 10-Q | Quarterly report |
| 2025-10-23 | 8-K | Earnings release |
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