Blackstone Real Estate Income Trust (BSTT) Operating Expenses (2017 - 2025)

Blackstone Real Estate Income Trust (BSTT) has 9 years of Operating Expenses data on record, last reported at $2.4 billion in Q4 2025.

  • For Q4 2025, Operating Expenses rose 4.66% year-over-year to $2.4 billion; the TTM value through Dec 2025 reached $8.9 billion, up 0.94%, while the annual FY2025 figure was $8.9 billion, 0.94% up from the prior year.
  • Operating Expenses reached $2.4 billion in Q4 2025 per BSTT's latest filing, up from $2.0 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $2.5 billion in Q3 2022 and bottomed at $917.0 million in Q1 2021.
  • Average Operating Expenses over 5 years is $2.1 billion, with a median of $2.2 billion recorded in 2022.
  • Peak YoY movement for Operating Expenses: soared 139.83% in 2022, then dropped 11.07% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $1.8 billion in 2021, then increased by 27.62% to $2.3 billion in 2022, then dropped 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.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $2.4 billion in Q4 2025, $2.0 billion in Q3 2025, and $2.2 billion in Q2 2025.