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Ventas vs Blackstone Real Estate Income Trust: VTR and BSTT compared
Ventas is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.8B for Blackstone Real Estate Income Trust (Q3 2026). Ventas is growing faster (+23% against -8% a year earlier). Blackstone Real Estate Income Trust is more profitable, with an operating margin of 81.8% against 2.9%.
Where the money goes: VTR and BSTT
Ventas (VTR) · Q3 2026
Ventas, Q3 2026: revenue $1.8B (+23% year over year), operating margin 2.9%, net earnings $65.4M, operating cash flow $490M. The chart follows the revenue to costs, profit and cash.
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.
| Ventas (VTR) | Blackstone Real Estate Income Trust (BSTT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.8B | $1.8B |
| Revenue growth, Y/Y | +23% | -8% |
| Operating margin | 2.9% | 81.8% |
| Net earnings | $65.4M | −$296M |
| Net margin | 3.6% | -16.5% |
| Operating cash flow | $490M | $553M |
| Free cash flow | $425M | $216M |
| Market value | $46.1B | — |
| P/E | 167.8× | — |
| Analysts’ mean target | $99.00 | — |
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, Ventas or Blackstone Real Estate Income Trust?
Ventas is the larger company: $1.8B of revenue in its latest quarter (Q3 2026) against $1.8B for Blackstone Real Estate Income Trust (Q3 2026).
Is Ventas or Blackstone Real Estate Income Trust growing faster?
Ventas is growing faster (+23% against -8% a year earlier).
Which is more profitable, Ventas or Blackstone Real Estate Income Trust?
Blackstone Real Estate Income Trust is more profitable, with an operating margin of 81.8% against 2.9%.
More: Ventas earnings · how Ventas makes money · Blackstone Real Estate Income Trust earnings · how Blackstone Real Estate Income Trust makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.