Blackstone Real Estate Income Trust (BSTT) Operating Expenses (2017 - 2026)

Blackstone Real Estate Income Trust (BSTT) has 10 years of Operating Expenses data on file, last reported at $2.1 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 6.48% year-over-year to $2.1 billion; the trailing twelve-month figure through Mar 2026 stood at $8.7 billion (down 0.56% YoY), and the FY2025 full-year result was $8.9 billion, up 0.94% from the prior year.
• Operating Expenses for Q1 2026 stood at $2.1 billion, down from $2.4 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $2.5 billion in Q3 2022 and bottomed at $2.0 billion in Q3 2025.
• The 5-year median for Operating Expenses is $2.3 billion (2022), against an average of $2.2 billion.
• The widest annual swing landed in 2022, when Operating Expenses soared 139.83%; it then dropped 11.07% in 2024.
• A 5-year view of Operating Expenses shows it stood at $2.3 billion in 2022, then retreated by 4.57% to $2.2 billion in 2023, then increased by 4.81% to $2.3 billion in 2024, then grew by 4.66% to $2.4 billion in 2025, then retreated by 10.32% to $2.1 billion in 2026.
• The last three Operating Expenses figures came in at $2.1 billion (Q1 2026), $2.4 billion (Q4 2025), and $2.0 billion (Q3 2025), per Business Quant data.

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