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 Q2 of fiscal 2026, the quarter ended Jun 30, 2026 was Rental Housing Property at $1.1 billion, 61% of the total. By sales mix, the largest line in Q2 of fiscal 2026, the quarter ended Jun 30, 2026 was Rental at $1.6 billion, 88% of the total.

USD in millions. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Jun 30, 2026	Q2 FY2026 Jun 30, 2026	Q1 FY2026 Mar 31, 2026	Q4 FY2025 Dec 31, 2025	Q3 FY2025 Sep 30, 2025	Q2 FY2025 Jun 30, 2025	Q1 FY2025 Mar 31, 2025	Q4 FY2024 Dec 31, 2024	Q3 FY2024 Sep 30, 2024
Revenue	7,707	1,861	1,938	1,965	1,943	1,998	2,055	2,089	2,095
Operating segments
Rental Housing Property	4,801 -7.7% share 62.3%	1,144 -8.7% share 61.5%	1,199 -7.7% share 61.9%	1,244 -6.7% share 63.3%	1,214 -7.8% share 62.4%	1,252 share 62.7%	1,300 share 63.2%	1,333 share 63.8%	1,317 share 62.9%
Industrial	1,269 -7.9% share 16.5%	302 -7.3% share 16.2%	320 -6.2% share 16.5%	323 -8.1% share 16.4%	324 -9.9% share 16.7%	326 share 16.3%	341 share 16.6%	352 share 16.8%	359 share 17.2%
Net Lease	605 +0.6% share 7.9%	152 +0.9% share 8.2%	—	151 +0.7% share 7.7%	150 share 7.7%	150 share 7.5%	150 share 7.3%	150 share 7.2%	—
Hospitality	523 -2.5% share 6.8%	145 +4.4% share 7.8%	136 +1.5% share 7.0%	118 -5.8% share 6.0%	123 -10.5% share 6.3%	139 share 7.0%	134 share 6.5%	126 share 6.0%	138 share 6.6%
Retail	204 -3.5% share 2.6%	50 -4.9% share 2.7%	52 -1.1% share 2.7%	50 -2.1% share 2.6%	51 -5.9% share 2.6%	52 share 2.6%	53 share 2.6%	51 share 2.5%	55 share 2.6%
Office	178 +0.6% share 2.3%	43 -5.0% share 2.3%	44 -1.5% share 2.3%	43 -2.2% share 2.2%	48 +11.5% share 2.5%	45 share 2.3%	45 share 2.2%	44 share 2.1%	43 share 2.1%
Data Center	60 +12.0% share 0.8%	16 +15.3% share 0.8%	16 +15.1% share 0.8%	15 +16.8% share 0.8%	13 +0.6% share 0.7%	14 share 0.7%	14 share 0.7%	13 share 0.6%	13 share 0.6%
Self Storage	67 -13.6% share 0.9%	9 -52.5% share 0.5%	19 -0.3% share 1.0%	19 -2.4% share 1.0%	20 +0.9% share 1.0%	19 share 1.0%	19 share 0.9%	19 share 0.9%	20 share 0.9%
Sales mix
Rental	6,822 -7.0% share 88.5%	1,629 -8.0% share 87.6%	1,721 -6.1% share 88.8%	1,753 -6.5% share 89.2%	1,719 -7.3% share 88.5%	1,771 share 88.6%	1,832 share 89.2%	1,874 share 89.7%	1,854 share 88.5%
Hospitality	522 -2.6% share 6.8%	145 +4.5% share 7.8%	136 +1.5% share 7.0%	117 -6.2% share 6.0%	123 -10.5% share 6.3%	139 share 7.0%	134 share 6.5%	125 share 6.0%	138 share 6.6%
Real Estate Other	363 -1.8% share 4.7%	86 -2.8% share 4.6%	80 -9.5% share 4.1%	95 +6.6% share 4.9%	101 -1.6% share 5.2%	89 share 4.4%	89 share 4.3%	89 share 4.3%	103 share 4.9%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. 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.