Blackstone Real Estate Income Trust, Inc. revenue by segment BSTT

Annual Quarterly

Blackstone Real Estate Income Trust, Inc. splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2025, which ended Dec 31, 2025 was Rental Housing Property at $5.0 billion, 63% of the total. By sales mix, the largest line in fiscal 2025, which ended Dec 31, 2025 was Rental at $7.1 billion, 89% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2026 Jun 30, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Revenue	7,707	7,962	8,531	8,934	7,646	3,697	2,552	1,686	723	—	—
Operating segments
Rental Housing Property	4,801 -7.7% share 62.3%	5,010 -7.4% share 62.9%	5,409 -2.1% share 63.4%	5,523 +25.4% share 61.8%	4,403 +166.2% share 57.6%	1,654 +61.0% share 44.7%	1,027 +44.2% share 40.3%	713 share 42.3%	—	—	—
Industrial	1,269 -7.9% share 16.5%	1,313 -9.0% share 16.5%	1,444 +0.7% share 16.9%	1,433 +2.4% share 16.0%	1,400 +40.7% share 18.3%	995 +21.7% share 26.9%	817 +79.7% share 32.0%	455 share 27.0%	—	—	—
Net Lease	605 +0.6% share 7.9%	603 +0.2% share 7.6%	602 +0.0% share 7.1%	602 +20.4% share 6.7%	500 +50.9% share 6.5%	331 +0.0% share 9.0%	331 +682.6% share 13.0%	42 share 2.5%	—	—	—
Hospitality	523 -2.5% share 6.8%	515 -5.8% share 6.5%	547 -22.1% share 6.4%	702 share 7.9%	—	423 +65.5% share 11.4%	255 -42.2% share 10.0%	442 share 26.2%	—	—	—
Retail	204 -3.5% share 2.6%	207 -6.6% share 2.6%	222 -6.9% share 2.6%	238 share 2.7%	—	66 +19.9% share 1.8%	55 share 2.2%	—	—	—	—
Office	178 +0.6% share 2.3%	181 +1.6% share 2.3%	178 -8.5% share 2.1%	195 +33.2% share 2.2%	146 +212.0% share 1.9%	47 +178.1% share 1.3%	17 +665.1% share 0.7%	2 share 0.1%	—	—	—
Self Storage	67 -13.6% share 0.9%	77 -0.6% share 1.0%	77 -59.3% share 0.9%	189 -16.9% share 2.1%	228 +49.6% share 3.0%	152 +487.5% share 4.1%	26 +272.4% share 1.0%	7 share 0.4%	—	—	—
Data Center	60 +12.0% share 0.8%	56 +5.9% share 0.7%	53 +2.9% share 0.6%	51 +15.0% share 0.6%	45 +56.3% share 0.6%	29 +24.1% share 0.8%	23 share 0.9%	—	—	—	—
Sales mix
Rental	6,822 -7.0% share 88.5%	7,075 -7.0% share 88.9%	7,604 -2.7% share 89.1%	7,816 +19.1% share 87.5%	6,564 +109.0% share 85.8%	3,141 +40.5% share 85.0%	2,236 +86.1% share 87.6%	1,202 share 71.3%	—	—	—
Hospitality	522 -2.6% share 6.8%	514 -5.9% share 6.5%	546 -21.3% share 6.4%	694 -3.8% share 7.8%	722 +75.0% share 9.4%	412 +65.7% share 11.2%	249 -42.5% share 9.8%	433 share 25.7%	—	—	—
Real Estate Other	363 -1.8% share 4.7%	373 -1.9% share 4.7%	381 -10.2% share 4.5%	424 +17.5% share 4.7%	361 +150.8% share 4.7%	144 +115.1% share 3.9%	67 +29.2% share 2.6%	52 share 3.1%	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Real Estate Investment Trusts (SIC 6798)
Listed as: BSTT (OTC)
Fiscal year ends: December 31
Incorporated in: MD
Headquarters: New York, NY
SEC filer status: Non-accelerated filer
SEC CIK: 1662972

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.