Blackstone Real Estate Income Trust (BSTT) Gross Margin (2017 - 2026)

Blackstone Real Estate Income Trust posted quarterly Gross Margin of 54.04% for Q1 2026, up 41.0% year-on-year from 38.33% in Q1 2025, and down 0.75% on a QoQ basis from 54.45% in Q4 2025.

Blackstone Real Estate Income Trust (BSTT) has 10 years of Gross Margin data on file, last reported at 54.04% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin rose 41.0% year-over-year to 54.04%; the trailing twelve-month figure through Mar 2026 stood at 53.73% (up 141.0% YoY), and the FY2025 full-year result was 53.63%, up 117.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 54.04%, down from 54.45% in the prior quarter.
  • Across five years, Gross Margin topped out at 56.84% in Q4 2022 and bottomed at 50.55% in Q3 2024.
  • The 5-year median for Gross Margin is 54.04% (2026), against an average of 53.76%.
  • The widest annual swing landed in 2022, when Gross Margin sank 571 bps; it then surged 280 bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 56.84% in 2022, then dropped by 4 bps to 54.31% in 2023, then declined by 5 bps to 51.64% in 2024, then increased by 5 bps to 54.45% in 2025, then decreased by 1 bps to 54.04% in 2026.
  • The last three Gross Margin figures came in at 54.04% (Q1 2026), 54.45% (Q4 2025), and 52.82% (Q3 2025), per Business Quant data.

Historic Data

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DateValue
Mar 31, 2026 54.04%
Dec 31, 2025 54.45%
Sep 30, 2025 52.82%
Jun 30, 2025 53.62%
Mar 31, 2025 53.62%
Dec 31, 2024 51.64%
Sep 30, 2024 50.55%
Jun 30, 2024 53.46%
Mar 31, 2024 54.07%
Dec 31, 2023 54.31%
Sep 30, 2023 51.44%
Jun 30, 2023 54.04%
Mar 31, 2023 55.16%
Dec 31, 2022 56.84%
Sep 30, 2022 53.59%
Jun 30, 2022 54.42%
Mar 31, 2022 55.86%
Dec 31, 2021 58.60%
Sep 30, 2021 58.51%
Jun 30, 2021 60.12%
Mar 31, 2021 60.00%
Dec 31, 2020 59.86%
Sep 30, 2020 60.08%
Jun 30, 2020 60.93%
Mar 31, 2020 60.33%
Dec 31, 2019 56.51%
Sep 30, 2019 51.71%
Jun 30, 2019 53.60%
Mar 31, 2019 53.17%
Dec 31, 2018 48.49%
Sep 30, 2018 54.73%
Jun 30, 2018 57.32%
Mar 31, 2018 54.20%
Dec 31, 2017 53.63%
Sep 30, 2017 53.77%
Jun 30, 2017 59.43%
Mar 31, 2017 65.63%