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

Blackstone Real Estate Income Trust has reported Operating Expenses for 10 years, with the latest figure 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.
• The five-year high for Operating Expenses was $2.5 billion in Q3 2022, with the low at $2.0 billion in Q3 2025.
• Historically, Operating Expenses has averaged $2.2 billion across 5 years, with a median of $2.3 billion in 2022.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 139.83% — and 2024, when it dropped 11.07%.
• Blackstone Real Estate Income Trust's Operating Expenses stood at $2.3 billion in 2022, then fell by 4.57% to $2.2 billion in 2023, then grew by 4.81% to $2.3 billion in 2024, then climbed by 4.66% to $2.4 billion in 2025, then fell 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.