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Blackstone Real Estate Income Trust vs Realty Income: BSTT and O compared
Blackstone Real Estate Income Trust is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.6B for Realty Income (Q3 2026). Realty Income is growing faster (+10% against -8% a year earlier). Blackstone Real Estate Income Trust is more profitable, with an operating margin of 81.8% against 20.7%.
Where the money goes: BSTT and O
Blackstone Real Estate Income Trust (BSTT) · Q3 2026
Blackstone Real Estate Income Trust, Q3 2026: revenue $1.8B (-8% year over year), operating margin 81.8%, net loss $296M, operating cash flow $553M. The chart follows the revenue to costs, profit and cash.
Realty Income (O) · Q3 2026
Realty Income, Q3 2026: revenue $1.6B (+10% year over year), operating margin 20.7%, net earnings $404M, operating cash flow $926M. The chart follows the revenue to costs, profit and cash.
| Blackstone Real Estate Income Trust (BSTT) | Realty Income (O) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.8B | $1.6B |
| Revenue growth, Y/Y | -8% | +10% |
| Operating margin | 81.8% | 20.7% |
| Net earnings | −$296M | $404M |
| Net margin | -16.5% | 24.9% |
| Operating cash flow | $553M | $926M |
| Free cash flow | $216M | $887M |
| Market value | — | $56.1B |
| P/E | — | 40.9× |
| Analysts’ mean target | — | $63.63 |
Where the revenue comes from
Blackstone Real Estate Income Trust
- Rental Housing Property: $1.1B (61%)
- Industrial: $305M (17%)
- Net Lease: $152M (8%)
- Hospitality: $133M (7%)
Questions
Which is bigger, Blackstone Real Estate Income Trust or Realty Income?
Blackstone Real Estate Income Trust is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.6B for Realty Income (Q3 2026).
Is Blackstone Real Estate Income Trust or Realty Income growing faster?
Realty Income is growing faster (+10% against -8% a year earlier).
Which is more profitable, Blackstone Real Estate Income Trust or Realty Income?
Blackstone Real Estate Income Trust is more profitable, with an operating margin of 81.8% against 20.7%.
More: Blackstone Real Estate Income Trust earnings · how Blackstone Real Estate Income Trust makes money · Realty Income earnings · how Realty Income makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.