📊 BSTT Key Takeaways
Investment Thesis
Blackstone REIT demonstrates severe profitability deterioration with negative net income of -$3.3B and negative margins (-41.2%), indicating substantial write-downs or valuation adjustments in its real estate portfolio. While the company maintains strong liquidity with $2.3B operating cash flow and reasonable leverage metrics, the persistent unprofitability and negative ROE/ROA signal fundamental weakness in portfolio performance that outweighs operational cash generation.
BSTT Strengths
- Strong operating cash flow of $2.3B provides financial flexibility despite negative earnings
- Moderate leverage ratio of 2.87x debt-to-equity is manageable for REIT sector standards
- Substantial asset base of $98.6B demonstrates scale and diversified real estate portfolio
BSTT Risks
- Severe net loss of -$3.3B with negative 41.2% net margin indicates significant portfolio impairment or valuation write-downs
- Negative ROE (-17.0%) and ROA (-3.3%) suggest the asset base is not generating returns for shareholders
- Revenue decline of 6.7% YoY combined with deteriorating profitability signals weakening portfolio quality and market conditions
- Long-term debt of $55.5B is substantial and interest coverage of only 2.6x leaves limited cushion for revenue stress
Key Metrics to Watch
- Net income recovery trajectory and elimination of valuation write-downs
- Revenue stabilization and return to growth vs. continued 6-7% annual decline
- Operating cash flow sustainability and debt service coverage ratios
- Portfolio occupancy rates and same-store NOI growth trends
BSTT Financial Metrics
💡 AI Analyst Insight
The 28.7% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
BSTT Profitability Ratios
BSTT vs Default Sector
How Blackstone Real Estate Income Trust, Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BSTT Balance Sheet & Liquidity
BSTT 5-Year Financial Trend
5-Year Trend Summary: Blackstone Real Estate Income Trust, Inc.'s revenue has grown significantly by 411% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.16 indicates the company is currently unprofitable.
BSTT Growth Metrics (YoY)
BSTT Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $1.9B | -$606.1M | $-0.16 |
| Q2 2025 | $2.0B | -$488.5M | $-0.13 |
| Q1 2025 | $2.1B | -$133.0M | $-0.03 |
| Q3 2024 | $2.1B | $588.3M | $0.14 |
| Q2 2024 | $2.2B | $153.9M | $0.03 |
| Q1 2024 | $2.2B | -$133.0M | $-0.03 |
| Q3 2023 | $2.1B | -$248.5M | $-0.06 |
| Q2 2023 | $1.7B | $153.9M | $0.03 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BSTT Capital Allocation
BSTT SEC Filings
Access official SEC EDGAR filings for Blackstone Real Estate Income Trust, Inc. (CIK: 0001662972)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BSTT
What is the AI rating for BSTT?
Blackstone Real Estate Income Trust, Inc. (BSTT) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BSTT's key strengths?
Strong operating cash flow of $2.3B provides financial flexibility despite negative earnings. Moderate leverage ratio of 2.87x debt-to-equity is manageable for REIT sector standards.
What are the risks of investing in BSTT?
Severe net loss of -$3.3B with negative 41.2% net margin indicates significant portfolio impairment or valuation write-downs. Negative ROE (-17.0%) and ROA (-3.3%) suggest the asset base is not generating returns for shareholders.
What is BSTT's revenue and growth?
Blackstone Real Estate Income Trust, Inc. reported revenue of $8.0B.
Does BSTT pay dividends?
Blackstone Real Estate Income Trust, Inc. pays dividends, with $1,146.2M distributed to shareholders in the trailing twelve months.
Where can I find BSTT SEC filings?
Official SEC filings for Blackstone Real Estate Income Trust, Inc. (CIK: 0001662972) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BSTT's EPS?
Blackstone Real Estate Income Trust, Inc. has a diluted EPS of $-0.92.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.