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Blackstone Real Estate Income Trust vs Rithm Capital: BSTT and RITM compared
Blackstone Real Estate Income Trust is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.8B for Rithm Capital (Q3 2026). Rithm Capital is growing faster (+59% against -8% a year earlier). Blackstone Real Estate Income Trust is more profitable, with an operating margin of 81.8% against 29.6%.
Where the money goes: BSTT and RITM
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.
Rithm Capital (RITM) · Q3 2026
Rithm Capital, Q3 2026: revenue $1.8B (+59% year over year), operating margin 29.6%, net earnings $253M, operating cash flow −$1.6B. The chart follows the revenue to costs, profit and cash.
| Blackstone Real Estate Income Trust (BSTT) | Rithm Capital (RITM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.8B | $1.8B |
| Revenue growth, Y/Y | -8% | +59% |
| Operating margin | 81.8% | 29.6% |
| Net earnings | −$296M | $253M |
| Net margin | -16.5% | 14.4% |
| Operating cash flow | $553M | −$1.6B |
| Free cash flow | $216M | — |
| Market value | — | $5.3B |
| P/E | — | 14.8× |
| Analysts’ mean target | — | $12.80 |
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%)
Rithm Capital
- Servicing revenue, net: $717M (41%)
- Interest income: $480M (27%)
- Gain on originated residential mortgage loans, held-for-sale, net: $214M (12%)
- Commercial real estate revenue: $187M (11%)
Questions
Which is bigger, Blackstone Real Estate Income Trust or Rithm Capital?
Blackstone Real Estate Income Trust is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.8B for Rithm Capital (Q3 2026).
Is Blackstone Real Estate Income Trust or Rithm Capital growing faster?
Rithm Capital is growing faster (+59% against -8% a year earlier).
Which is more profitable, Blackstone Real Estate Income Trust or Rithm Capital?
Blackstone Real Estate Income Trust is more profitable, with an operating margin of 81.8% against 29.6%.
More: Blackstone Real Estate Income Trust earnings · how Blackstone Real Estate Income Trust makes money · Rithm Capital earnings · how Rithm Capital makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.