Blackstone Real Estate Income Trust (BSTT) Cost of Revenue (2017 - 2026)

Blackstone Real Estate Income Trust (BSTT) has 10 years of Cost of Revenue data on file, last reported at $890.6 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 6.56% year-over-year to $890.6 million; the trailing twelve-month figure through Mar 2026 stood at $3.6 billion (down 9.35% YoY), and the FY2025 full-year result was $3.7 billion, down 8.97% from the prior year.
• Cost of Revenue for Q1 2026 stood at $890.6 million, down from $895.3 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $1.1 billion in Q3 2023 and bottomed at $670.4 million in Q1 2022.
• The 5-year median for Cost of Revenue is $987.9 million (2022), against an average of $952.7 million.
• The widest annual swing landed in 2022, when Cost of Revenue surged 143.16%; it then dropped 11.48% in 2025.
• A 5-year view of Cost of Revenue shows it stood at $982.0 million in 2022, then advanced by 1.72% to $998.8 million in 2023, then grew by 1.13% to $1.0 billion in 2024, then dropped by 11.37% to $895.3 million in 2025, then slipped by 0.52% to $890.6 million in 2026.
• The last three Cost of Revenue figures came in at $890.6 million (Q1 2026), $895.3 million (Q4 2025), and $916.9 million (Q3 2025), per Business Quant data.

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