Blackstone Real Estate Income Trust, Inc. (BSTT) intrinsic value & 10-year financials
Blackstone Real Estate Income Trust, Inc. (BSTT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 63.2% a year to $8.0B, with an average return on invested capital of 3.6%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $8.0B
- Revenue growth (10-yr CAGR)
- 63.2%
- ROIC (10-yr avg)
- 3.6%
- Free cash flow (FY2025)
- —
BSTT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $8.0B | -$3.3B | -$0.92 | — | 50.7% | 5.1% |
| FY2024 | $8.5B | -$890.5M | -$0.23 | — | 63.3% | 6.0% |
| FY2023 | $8.9B | -$691.8M | -$0.16 | — | 66.8% | 5.8% |
| FY2022 | $7.6B | -$883.5M | -$0.20 | — | 50.4% | 4.2% |
| FY2021 | $3.7B | -$804.8M | -$0.30 | — | 102.2% | 6.7% |
| FY2020 | $2.6B | -$853.4M | -$0.53 | — | 61.6% | 5.0% |
| FY2019 | $1.7B | -$401.8M | -$0.54 | — | 66.7% | 6.0% |
| FY2018 | $723.3M | -$281.1M | — | — | 60.6% | -4.0% |
| FY2017 | $157.9M | -$86.3M | — | — | 65.9% | -2.4% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Blackstone Real Estate Income Trust, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Blackstone Real Estate Income Trust, Inc. has historically struggled to out-earn its cost of capital, averaging just 3.6% ROIC.
Blackstone Real Estate Income Trust, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Blackstone Real Estate Income Trust, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-30.56 per share.