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Company research

Blackstone Real Estate Income Trust, Inc.

CIK 1662972Updated Sep 24, 2026

BSTT price & chart

Provider market data

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In the news

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SEC disclosures

Recent filings

  1. 424B3 filing

    424B3 · 2026-09-16 · 0001662972-26-000136

  2. Unregistered Sales of Equity Securities

    Items 3.02

    8-K · 2026-09-03 · 0001662972-26-000134

  3. 8-K filing

    8-K · 2026-08-31 · 0001662972-26-000130

  4. Unregistered Sales of Equity Securities

    Items 3.02

    8-K · 2026-08-20 · 0001662972-26-000128

  5. 4 filing

    4 · 2026-08-18 · 0001736322-26-000003

Show 5 more recent filings
  1. 4 filing

    4 · 2026-08-18 · 0001662972-26-000122

  2. 424B3 filing

    424B3 · 2026-08-17 · 0001662972-26-000114

  3. 10-Q filing

    10-Q · 2026-08-07 · 0001662972-26-000111

  4. Unregistered Sales of Equity Securities

    Items 3.02

    8-K · 2026-08-05 · 0001662972-26-000103

  5. Regulation FD Disclosure

    Items 7.01

    8-K · 2026-07-31 · 0001662972-26-000098

Financials

FY 2025 · USD
Revenue7,962,272,000USD · FY 2025
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

Net income-3,284,153,000USD · FY 2025
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

Operating income4,034,488,000USD · FY 2025
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

Diluted EPS-0.92USD per share · FY 2025
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

Some figures are unavailable for this reporting year.

balance sheet · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
ASSETS
AssetsUSD98,603,508,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

116,238,241,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

130,797,795,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

142,687,424,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Property, Plant and Equipment, NetUSD2,400,000,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

2,400,000,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

2,400,000,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

2,300,000,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Intangible Assets, Net (Excluding Goodwill)USD662,789,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

826,900,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

2,264,778,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

2,658,852,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Current assets:
Cash and Cash Equivalents, at Carrying ValueUSD1,605,053,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

1,933,084,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

1,945,260,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

1,281,292,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Accounts Receivable
Operating Lease, Right-of-Use AssetUSD1,039,403,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

1,050,921,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

1,093,479,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

1,090,782,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

LIABILITIES AND EQUITY
LiabilitiesUSD71,934,744,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

81,370,449,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

86,977,764,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

91,933,250,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Commitments and ContingenciesUSD0
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

0
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

0
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

0
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Stockholders’ equity:
Common Stock, Value, IssuedUSD35,210,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

Retained Earnings (Accumulated Deficit)USD-21,313,611,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

-15,848,197,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

-12,612,581,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

-9,196,019,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Accumulated Other Comprehensive Income (Loss), Net of TaxUSD307,865,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

383,272,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

345,975,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

393,928,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Stockholders' Equity Attributable to ParentUSD19,332,084,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

27,353,907,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

36,350,567,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

44,455,264,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Additional Paid in Capital, Common StockUSD40,302,620,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

42,781,930,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

48,576,100,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

53,212,494,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Liabilities and EquityUSD98,603,508,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

116,238,241,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

130,797,795,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

142,687,424,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Additional Financial Items
Dividends PayableUSD200,415,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

202,801,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

222,174,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

238,297,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Long-term DebtUSD55,540,761,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

58,540,235,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

61,693,678,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

64,962,703,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD141,102,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

173,662,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

197,537,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

553,423,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

cash flow · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD-3,647,657,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-979,782,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-979,961,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-1,080,308,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
Deferred Income Tax Expense (Benefit)USD-4,400,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

6,800,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-3,500,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-6,000,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Operating ActivitiesUSD2,285,749,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

2,087,325,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

2,706,489,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

2,728,677,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Cash flows from investing activities:
Net Cash Provided by (Used in) Investing ActivitiesUSD11,527,541,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

11,117,785,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

9,852,582,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-30,850,066,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Payments for (Proceeds from) Other Investing ActivitiesUSD97,712,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

129,177,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-66,010,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

Cash flows from financing activities:
Payments for Repurchase of Common StockUSD6,132,773,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

9,307,418,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

12,419,310,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

10,429,274,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Net Cash Provided by (Used in) Financing ActivitiesUSD-14,248,753,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-13,121,925,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-12,114,492,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

26,973,179,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Dividends paid
Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD2,345,039,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

2,776,894,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

2,695,020,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

2,254,492,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD2,801,644,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

3,165,585,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

2,848,740,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

2,049,664,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD3,608,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-1,311,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-4,051,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-15,879,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Additional Financial Items
Debt Securities, Trading, Gain (Loss)USD555,509,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

738,540,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

821,053,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-272,486,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Derivative, Gain (Loss) on Derivative, NetUSD-872,698,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-208,185,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-755,519,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

2,444,086,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Dividends PayableUSD200,415,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

As of 2025-12-31

202,801,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

As of 2024-12-31

222,174,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

As of 2023-12-31

238,297,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

As of 2022-12-31

Equity Securities, FV-NI, Gain (Loss)USD58,800,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

37,900,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-520,800,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Gain (Loss) on Disposition of AssetsUSD1,587,293,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

2,130,204,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

1,935,021,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

808,846,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Gain (Loss) on Sale of InvestmentsUSD0
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

131,164,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

26,124,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

350,003,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Gain (Loss) on Extinguishment of DebtUSD-76,847,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-107,736,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-40,300,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-11,476,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Gains (Losses) on Sales of Investment Real EstateUSD1,587,293,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

2,130,204,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

1,935,021,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

808,846,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

General and Administrative ExpenseUSD69,504,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

64,499,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

69,176,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

52,652,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Income (Loss) from Equity Method InvestmentsUSD-868,655,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-82,581,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

119,941,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

182,249,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD-1,200,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

15,500,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-5,700,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

13,100,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Investment Income, InterestUSD439,557,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

612,178,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

702,543,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

472,855,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to ParentUSD-3,284,153,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-890,549,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-691,822,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-883,519,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Nonoperating Income (Expense)USD-2,737,341,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-721,023,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-827,050,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

464,047,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Operating Lease, Lease IncomeUSD7,074,709,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

7,604,146,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

7,816,240,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

6,564,119,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Other Nonoperating Income (Expense)USD-83,654,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-63,366,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-3,319,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-88,725,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Payments of Financing CostsUSD149,616,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

345,256,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

67,469,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

447,461,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Proceeds from Issuance of Common StockUSD2,085,963,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

1,927,746,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

6,206,288,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

17,466,749,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Proceeds from Noncontrolling InterestsUSD234,798,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

21,499,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

1,198,649,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

2,660,481,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Unrealized Gain (Loss) on InvestmentsUSD-780,994,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-52,055,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-770,669,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

923,641,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.

income statement · annual statements
Line itemFY 2025FY 2024FY 2023FY 2022
Total RevenueUSD7,962,272,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

8,531,034,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

8,934,405,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

7,646,378,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Cost of RevenueUSD3,692,091,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

4,056,050,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

4,131,614,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

3,425,804,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Gross Profit (Calculated) · Derived
Operating Income (Loss)USD4,034,488,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

5,400,394,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

5,965,501,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

3,857,094,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Other Nonoperating Income (Expense)USD-83,654,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-63,366,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-3,319,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-88,725,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Income Tax Expense (Benefit)USD-1,200,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

15,500,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-5,700,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

13,100,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Net Income (Loss) Attributable to ParentUSD-3,284,153,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-890,549,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-691,822,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-883,519,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Earnings Per Share, BasicUSD per share-0.92
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-0.23
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-0.16
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-0.2
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Earnings Per Share, DilutedUSD per share-0.92
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-0.23
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-0.16
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-0.2
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Weighted Average Number of Shares Outstanding, Basicshares3,556,806,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

3,821,925,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

4,409,879,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

4,334,100,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Weighted Average Number of Shares Outstanding, Dilutedshares3,556,806,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

3,821,925,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

4,409,879,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

4,334,100,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Additional Financial Items
Common Stock, Dividends, Per Share, DeclaredUSD per share0.66
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

0.66
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

0.67
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

0.67
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Costs and ExpensesUSD8,872,588,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

8,789,793,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

9,087,316,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

9,190,733,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Current Income Tax Expense (Benefit)USD3,200,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

8,700,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

7,800,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

19,100,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Debt Securities, Trading, Gain (Loss)USD555,509,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

738,540,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

821,053,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-272,486,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Depreciation, Depletion and Amortization, NonproductionUSD3,216,645,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

3,573,427,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

3,811,218,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

4,098,366,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Gains (Losses) on Sales of Investment Real EstateUSD1,587,293,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

2,130,204,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

1,935,021,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

808,846,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

General and Administrative ExpenseUSD69,504,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

64,499,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

69,176,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

52,652,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Income (Loss) from Equity Method InvestmentsUSD-868,655,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-82,581,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

119,941,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

182,249,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Interest ExpenseUSD3,335,868,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

3,072,741,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

2,325,204,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Interest Income (Expense), Nonoperating, NetUSD-3,055,742,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-3,335,868,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

Interest Revenue (Expense), NetUSD-3,072,741,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

Investment Income, InterestUSD439,557,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

612,178,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

702,543,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

472,855,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Management Fee ExpenseUSD670,978,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

713,643,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

839,237,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

837,687,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Noncontrolling Interest in Net Income (Loss) Operating Partnerships, RedeemableUSD-262,867,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-55,634,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-40,150,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

-23,680,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Nonoperating Income (Expense)USD-2,737,341,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

-721,023,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

-827,050,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

464,047,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Operating Lease, Lease IncomeUSD7,074,709,000
Source

10-K · 2026-02-27 · 0001662972-26-000032

2025-01-01 to 2025-12-31

7,604,146,000
Source

10-K · 2025-03-07 · 0001662972-25-000027

2024-01-01 to 2024-12-31

7,816,240,000
Source

10-K · 2024-03-28 · 0001662972-24-000036

2023-01-01 to 2023-12-31

6,564,119,000
Source

10-K · 2023-03-17 · 0001662972-23-000030

2022-01-01 to 2022-12-31

Lines labelled “Derived” are calculated from reported figures.