Filing Flows › Blackstone Real Estate Income Trust (BSTT) › Q2 2026
Blackstone Real Estate Income Trust (BSTT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Blackstone Real Estate Income Trust (BSTT) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), -7% from a year earlier and -4% from the quarter before. Operating margin was 60.0%, net loss $466M (25.1% of revenue).
Blackstone Real Estate Income Trust, Q2 2026: revenue $1.9B (-7% year over year), operating margin 60.0%, net loss $466M, operating cash flow $740M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -4% | -7% |
| Operating profit | $1.1B | +2% | -12% |
| Net earnings | −$466M | — | — |
| Operating cash flow | $740M | +56% | +21% |
| Free cash flow | $449M | +121% | +45% |
What changed
Revenue was $1.9B in Q2 2026, down 7% year over year and down 4% from the previous quarter. Rental Housing Properties: was the largest line at 61% of revenue. Rental Housing Properties: lost $0.11B year over year (down 9%), 79% of the total change.
Operating profit was $1.1B, a 60.0% margin (down 3.6 points year over year). Total costs grew 2% against a revenue fall of 7%. The quarter ended with a net loss of $0.47B, wider than the previous quarter's $0.39B loss. Minority interests bore $0.06B of it: to shareholders the quarter was a loss of $0.40B. Net interest and other expense of $1.6B was the main reason.
Operating cash flow was $0.74B (up 21% year over year). Non-cash charges added back $0.74B of depreciation and amortization. Working capital and other items added $0.46B. Capital expenditures of $0.29B left free cash flow of $0.45B.
Questions
What was Blackstone Real Estate Income Trust's revenue in the second quarter 2026?
Blackstone Real Estate Income Trust (BSTT) reported revenue of $1.9B for the second quarter 2026 (Q2 2026), -7% from a year earlier and -4% from the quarter before.
Was Blackstone Real Estate Income Trust profitable in the second quarter 2026?
Operating profit was $1.1B (60.0% of revenue) and net loss $466M.
Source: Blackstone Real Estate Income Trust 10-Q on SEC EDGAR.