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References herein to Blackstone Real Estate Income Trust, the Company, BREIT, we, us, or our refer to Blackstone Real Estate Income Trust, Inc., a Maryland corporation, and its subsidiaries unless the context specifically requires otherwise. General Description of Business and Operations BREIT invests primarily in stabilized, income-generating commercial real estate across asset classes in the …
$0.13
+$0.00 (+0.00%)
Price from 12 days ago
50.67% operating margin is above average. ROIC at 3.93%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 6.7% YoY. Margins deteriorated 12.6pp alongside, both lines moving the wrong way.
Net debt of $54.62B represents 51.0x FCF, leverage limits flexibility. Operating margin contracted 12.6pp YoY, cost discipline may be slipping.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$7.84B
▼ -6.7% YoY
Net Income (TTM)
-$1.94B
▼ -268.8% YoY
Op. Margin
59.05%
▼ -12.6pp YoY
ROIC
4.76%
▼ -1.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$915M
▲ +12.6% YoY
Op. Cash Flow (TTM)
$2.19B
▲ +9.5% YoY
Net Debt
$53.77B
Cash & Equiv.
$1.28B
5Y CAGR: +25.6%
5Y CAGR: +10.7%
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