BSTT · XBRL financial data

Blackstone Real Estate Income Trust financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (BSTT's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021†Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	2,552	3,697	7,646	8,934	8,531	7,962
Revenue from contracts with customers	2,552	3,697	—	—	—	—
Cost of goods and services sold	1,013	1,509	3,426	4,132	4,056	3,692
General and administrative	26	32	53	69	64	70
Operating income (loss)	1,573	3,776	3,857	5,966	5,400	4,034
Interest income	187	234	473	703	612	440
Interest expense	715	835	2,325	3,073	3,336	—
Other income (expense)	54	892	(89)	(3)	(63)	(84)
Income tax expense (benefit)	(3)	0	13	(6)	16	(1)
Net income (loss)	(853)	(805)	(884)	(692)	(891)	(3,284)
Earnings per share, basic USD per share	(0.53)	(0.30)	(0.20)	(0.16)	(0.23)	(0.92)
Earnings per share, diluted USD per share	(0.53)	(0.30)	(0.20)	(0.16)	(0.23)	(0.92)
Weighted average shares, basic millions of shares	1,598	2,645	4,334	4,410	3,822	3,557
Weighted average shares, diluted millions of shares	1,598	2,645	4,334	4,410	3,822	3,557

† Share count changed about 2x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (BSTT's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021†Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	333	990	1,281	1,945	1,933	1,605
Property and equipment, net	—	964	2,300	2,400	2,400	2,400
Right-of-use asset	115	461	1,091	1,093	1,051	1,039
Total assets	40,684	91,308	142,687	130,798	116,238	98,604
Total liabilities	24,470	51,528	91,933	86,978	81,370	71,935
Accumulated deficit	(3,224)	(5,631)	(9,196)	(12,613)	(15,848)	(21,314)
Total stockholders' equity	15,853	36,645	44,455	36,351	27,354	19,332
Total liabilities and equity	40,684	91,308	142,687	130,798	116,238	98,604
Common shares outstanding (cover page) millions of shares	1,800	3,689	4,486	4,107	3,690	3,521

† Share count changed about 2x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (BSTT's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021†Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(853)	(805)	(884)	(692)	(891)	(3,284)
Net cash from operating activities	972	1,783	2,729	2,706	2,087	2,286
Net cash from investing activities	(8,039)	(40,572)	(30,850)	9,853	11,118	11,528
Proceeds from issuing common stock	7,514	23,024	17,467	6,206	1,928	2,086
Share repurchases	1,201	1,082	10,429	12,419	9,307	6,133
Dividends paid	421	712	1,249	1,457	1,248	1,146
Net cash from financing activities	7,002	41,162	26,973	(12,114)	(13,122)	(14,249)
Net change in cash	(65)	—	—	—	—	—

† Share count changed about 2x in the period ending 2021-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Blackstone Real Estate Income Trust	1,405	1,861	740*	3.5B	—	Q2 FY26 10-QJun 30, 2026
Weyerhaeuser	349	1,862	193*	720.3M	—	Q3 FY26 10-QSep 30, 2026
Ventas	202	1,832	490*	528.8M	—	Q3 FY26 10-QSep 30, 2026
Digital Realty Trust	803	1,902	not reported	378.3M	—	Q3 FY26 10-QSep 30, 2026
Rithm Capital	1,709	1,756	(1,589)*	558.4M	3.9 quarters	Q3 FY26 10-QSep 30, 2026
Iron Mountain	205	2,029	549*	297.7M	—	Q2 FY26 10-QJun 30, 2026
Realty Income	369	1,622	926*	951.0M	—	Q3 FY26 10-QSep 30, 2026
Prologis	2,273	2,388	not reported	950.5M	—	Q3 FY26 10-QSep 30, 2026
Public Storage	560	1,366	709*	186.8M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.