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

Blackstone Real Estate Income Trust has reported Gross Margin for 10 years, with the latest figure 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.
• The five-year high for Gross Margin was 56.84% in Q4 2022, with the low at 50.55% in Q3 2024.
• Historically, Gross Margin has averaged 53.76% across 5 years, with a median of 54.04% in 2026.
• Annual changes were most pronounced in 2022 — Gross Margin tumbled 571 bps — and 2025, when it surged 280 bps.
• Blackstone Real Estate Income Trust's Gross Margin stood at 56.84% in 2022, then slipped by 4 bps to 54.31% in 2023, then dropped by 5 bps to 51.64% in 2024, then grew by 5 bps to 54.45% in 2025, then retreated 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.