Complete Filing Data
Blackstone Real Estate Income Trust, Inc. reported Stockholders Equity Including Portion Attributable To Noncontrolling Interest of $26.53 billion for FY2025.
All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Blackstone Real Estate Income Trust, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.
Income Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income * | -$3.28B | -$890.5M | -$691.8M | -$883.5M | -$804.8M | -$853.4M | -$401.8M | -$281.1M | -$86.3M |
| Revenue * | $7.96B | $8.53B | $8.93B | $7.65B | $3.70B | $2.55B | $1.69B | $723.3M | $157.9M |
| General And Administrative Expense | $69.5M | $64.5M | $69.2M | $52.7M | $32.0M | $25.7M | $18.2M | $11.0M | $7.7M |
| Nonoperating Income Expense | -$2.74B | -$721.0M | -$827.1M | $464.0M | $752.1M | -$588.2M | -$234.1M | -$177.0M | -$18.6M |
| Other Nonoperating Income Expense | -$83.7M | -$63.4M | -$3.3M | -$565.6M | $899.5M | -$12.2M | $2.3M | $489.0K | $57.0K |
| Cost Of Goods And Services Sold | $3.69B | $4.06B | $4.13B | $3.43B | $1.51B | $1.01B | $774.7M | $340.3M | $71.5M |
| Profit Loss Net Of Redeemable Non Controlling Interest | -$3.64B | -$979.7M | -$976.4M | -$1.07B | -$834.4M | -$865.8M | -$412.6M | -$290.4M | -$87.6M |
| Net Income Loss Attributable To Redeemable Noncontrolling Interest | -$7.5M | -$129.0K | -$3.5M | -$6.6M | -$1.8M | -$1.6M | -$1.7M | $1.0M | |
| Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable | -$100.6M | -$33.6M | -$248.0M | -$173.1M | -$22.1M | -$2.4M | -$5.7M | -$6.2M | -$1.3M |
| Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable | -$262.9M | -$55.6M | -$40.2M | -$23.7M | -$9.3M | -$11.6M | -$6.8M | -$4.2M | |
| Income Loss From Investment In Real Estate Debt | $525.5M | $744.9M | $798.2M | -$167.1M | $347.0M | -$74.4M | $213.1M | $55.3M | |
| Income Loss From Equity Method Investments | -$868.7M | -$82.6M | $119.9M | $182.2M | $206.0M | $88.6M | $0.00 | ||
| Interest Expense | $2.33B | $834.9M | $712.4M | $484.5M | $233.2M | $36.9M | |||
| Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax | $79.7M | -$48.5M | $29.3M | -$50.3M | -$9.6M | $0.00 | $0.00 | ||
| Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest | -$3.77B | -$929.5M | -$1.05B | -$573.3M | -$845.7M | -$867.4M | -$414.2M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 | Q2 2016 | Q1 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income * | -$638.7M | -$488.5M | -$1.70B | -$606.1M | -$518.5M | -$133.0M | $588.3M | $754.9M | -$601.1M | $372.2M | -$569.0M | -$51.7M | -$357.3M | -$174.8M | $28.5M | -$89.0M | $121.3M | $314.4M | -$1.20B | -$181.1M | -$123.2M | -$50.7M | -$46.8M | -$125.4M | -$57.7M | -$50.5M | -$47.5M | -$36.6M | -$31.7M | -$16.7M | -$1.3M | -$115.0K | $0.00 | $0.00 |
| Revenue * | $1.94B | $2.00B | $2.06B | $2.09B | $2.16B | $2.19B | $2.19B | $2.27B | $2.29B | $2.13B | $1.72B | $1.52B | $979.3M | $810.2M | $733.5M | $648.6M | $635.4M | $592.7M | $674.9M | $596.8M | $438.0M | $354.3M | $297.1M | $261.2M | $200.2M | $152.2M | $109.7M | $78.2M | $48.9M | $28.3M | $2.4M | |||
| General And Administrative Expense | $18.0M | $16.9M | $16.1M | $15.4M | $18.0M | $16.4M | $17.0M | $17.1M | $17.2M | $13.2M | $11.8M | $13.1M | $7.1M | $7.8M | $7.0M | $5.4M | $6.9M | $6.7M | $4.5M | $4.9M | $3.2M | $3.0M | $2.9M | $2.0M | $1.7M | $1.6M | $2.7M | $114.8K | ||||||
| Nonoperating Income Expense | -$615.4M | -$388.2M | -$1.62B | -$580.1M | -$634.9M | -$66.3M | $607.6M | $803.8M | -$704.2M | $759.0M | -$161.2M | $583.7M | $121.7M | $135.3M | $212.5M | $142.6M | $371.0M | -$1.24B | -$57.6M | -$23.6M | -$28.1M | -$37.3M | -$32.7M | -$18.1M | -$6.6M | -$3.0M | $1.2M | |||||||
| Other Nonoperating Income Expense | -$14.3M | -$12.2M | -$13.8M | -$35.4M | -$38.9M | $55.1M | -$45.3M | $11.5M | -$27.1M | -$53.5M | -$322.8M | -$102.7M | -$634.0K | $125.6M | $107.9M | -$9.3M | $29.1M | -$48.8M | -$2.4M | -$2.1M | $1.7M | -$283.0K | -$389.0K | $157.0K | -$157.0K | $79.0K | ||||||||
| Cost Of Goods And Services Sold | $916.9M | $926.8M | $953.1M | $1.04B | $1.00B | $1.01B | $1.06B | $1.04B | $1.03B | $987.9M | $785.4M | $670.5M | $406.3M | $323.1M | $293.4M | $253.6M | $231.6M | $267.7M | $211.5M | $164.4M | $139.1M | $90.6M | $65.0M | $50.2M | $22.6M | $11.5M | ||||||||
| Profit Loss Net Of Redeemable Non Controlling Interest | -$710.7M | -$567.8M | -$1.84B | -$606.1M | -$580.3M | -$169.2M | $518.1M | $710.1M | -$692.9M | $342.4M | -$614.6M | -$95.4M | -$366.8M | -$176.4M | $29.2M | $122.7M | $318.6M | -$1.22B | -$125.8M | -$52.7M | -$49.8M | -$58.6M | -$51.7M | -$49.3M | ||||||||||
| Net Income Loss Attributable To Redeemable Noncontrolling Interest | -$2.8M | -$1.2M | -$887.0K | -$1.6M | -$1.7M | -$887.0K | -$1.5M | -$1.2M | -$436.0K | -$2.5M | -$3.3M | -$1.2M | -$382.0K | -$195.0K | -$343.0K | -$263.0K | -$310.0K | $700.0K | $732.0K | $74.0K | $277.0K | $164.0K | $275.0K | $347.0K | ||||||||||
| Noncontrolling Interest In Net Income Loss Joint Venture Partners Redeemable | -$18.2M | -$40.1M | -$20.1M | $37.4M | -$37.4M | -$31.7M | -$100.1M | -$69.3M | -$74.4M | -$43.5M | -$37.3M | -$44.3M | -$5.5M | $264.0K | $59.0K | -$593.0K | -$966.0K | -$237.0K | -$1.3M | -$970.0K | -$2.0M | -$433.0K | -$1.2M | -$1.7M | ||||||||||
| Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable | -$56.7M | -$40.4M | -$123.0M | -$39.0M | -$26.1M | -$5.4M | $28.4M | $23.3M | -$17.0M | $16.3M | -$11.6M | -$656.0K | -$4.4M | -$2.1M | $353.0K | $1.8M | $4.9M | -$16.8M | -$2.0M | -$1.1M | -$1.2M | -$663.0K | -$245.0K | -$374.0K | ||||||||||
| Income Loss From Investment In Real Estate Debt | $142.4M | $133.7M | $132.9M | $184.8M | $157.1M | $268.2M | $192.1M | $224.8M | $164.0M | $30.3M | -$141.4M | -$18.4M | $59.6M | $82.1M | $239.4M | $206.0M | $492.9M | -$1.02B | $52.6M | $51.8M | $61.7M | |||||||||||||
| Income Loss From Equity Method Investments | -$149.8M | $27.0M | -$765.0M | -$74.8M | -$38.0M | -$24.4M | -$153.7M | $90.0M | $444.7M | -$73.0M | -$59.7M | $184.2M | $78.4M | $70.0M | $34.7M | $25.1M | $25.3M | $13.3M | $0.00 | |||||||||||||||
| Interest Expense | $306.5M | $204.5M | $181.5M | $181.5M | $174.2M | $176.6M | $188.5M | $116.0M | $103.3M | $91.6M | $65.7M | $49.8M | $31.4M | $10.9M | $5.5M | |||||||||||||||||||
| Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax | -$10.7M | $64.5M | $23.6M | $25.5M | -$4.8M | -$16.4M | -$26.3M | $15.1M | $10.5M | -$59.9M | -$34.4M | -$6.6M | -$8.6M | $0.00 | $0.00 | $0.00 | ||||||||||||||||||
| Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest | -$755.0M | -$580.4M | -$1.94B | -$877.4M | -$570.2M | -$35.7M | $719.4M | $951.1M | -$890.5M | $836.3M | -$609.4M | -$119.2M | -$375.8M | -$176.6M | $28.9M | $122.5M |
Balance Sheet
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Stockholders Equity * | $19.33B | $27.35B | $36.35B | $44.46B | $36.65B | $15.85B | $10.31B | $3.74B | $1.49B | $85.0K |
| Cash And Cash Equivalents At Carrying Value | $1.61B | $1.93B | $1.95B | $1.28B | $989.7M | $333.4M | $204.3M | $68.1M | $31.2M | $200.0K |
| Restricted Cash And Cash Equivalents | $740.0M | $843.8M | $749.8M | $973.2M | $2.43B | $711.1M | $905.4M | $238.5M | $126.6M | $0.00 |
| Dividends Common Stock | $2.37B | $2.50B | $2.84B | $2.68B | $1.60B | $948.0M | $433.6M | $173.9M | $46.3M | |
| Noncontrolling Interest Increase From Subsidiary Equity Issuance | $1.46B | $926.9M | $2.99B | $3.87B | $2.77B | $78.3M | $179.0M | $147.6M | $25.3M | |
| Minority Interest Decrease From Distributions To Noncontrolling Interest Holders | $145.5M | $134.5M | $70.6M | $334.0M | $701.6M | $44.7M | $30.6M | $4.2M | $196.0K | |
| Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock | -$16.3M | -$30.8M | -$4.2M | $39.3M | $103.4M | $8.8M | $6.8M | $2.2M | ||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $2.35B | $2.78B | $2.70B | $2.25B | $3.42B | $1.04B | $1.11B | $0.00 | $200.0K | |
| Accrued Stockholder Servicing Fee Due To Affiliate | $264.2M | -$337.1M | -$626.5M | $352.6M | $630.2M | $126.9M | $240.0M | $136.4M | $102.1M | |
| Liabilities And Stockholders Equity | $98.60B | $116.24B | $130.80B | $142.69B | $106.34B | $40.68B | $33.04B | $13.24B | $4.63B | $200.0K |
| Assets | $98.60B | $116.24B | $130.80B | $142.69B | $106.34B | $40.68B | $33.04B | $13.24B | $4.63B | $200.0K |
| Additional Paid In Capital Common Stock | $40.30B | $42.78B | $48.58B | $53.21B | $42.25B | $19.06B | $11.72B | $4.33B | $1.62B | $200.0K |
| Liabilities | $71.93B | $81.37B | $86.98B | $91.93B | $66.56B | $24.47B | $22.40B | $9.31B | $3.12B | $115.0K |
| Other Operating Activities Cash Flow Statement | $282.2M | $177.1M | $7.0M | $55.3M | -$72.1M | -$13.9M | -$8.8M | $5.5M | $228.0K | |
| Gains Losses On Extinguishment Of Debt | -$76.8M | -$107.7M | -$40.3M | -$11.5M | -$16.3M | -$10.4M | $0.00 | |||
| Retained Earnings Accumulated Deficit | -$21.31B | -$15.85B | -$12.61B | -$9.20B | -$5.63B | -$3.22B | -$1.42B | -$587.5M | -$132.6M | -$115.0K |
| Accrued Common Stock Repurchases | $374.9M | $462.9M | $575.0M | $152.0M | $100.8M | $83.4M | $46.2M | $7.0M | $0.00 | |
| Other Assets | $5.07B | $6.24B | $6.56B | $7.88B | $6.45B | $1.80B | $1.08B | $410.9M | $145.3M | |
| Secured Debt Repurchase Agreements | $2.92B | $3.62B | $4.37B | $4.97B | $4.71B | $2.14B | $3.09B | $1.71B | $682.8M | |
| Redeemable Noncontrolling Interest Equity Carrying Amount | $141.1M | $173.7M | $197.5M | $553.4M | $750.7M | $30.1M | $21.1M | $9.2M | $250.0K | |
| Accrued Distributions To Stockholders And Non Controlling Interests | $0.00 | $0.00 | $48.2M | $99.3M | $34.7M | $34.8M | $13.6M | $7.7M | ||
| Noncash Or Part Noncash Acquisition Debt Assumed1 | $0.00 | $0.00 | $4.15B | $5.49B | $944.1M | $1.20B | $208.5M | $199.4M |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 | Q1 2020 | Q3 2019 | Q2 2019 | Q1 2019 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 | Q3 2016 | Q2 2016 | Q1 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stockholders Equity * | $20.04B | $21.76B | $23.74B | $27.83B | $30.16B | $33.49B | $40.59B | $43.75B | $45.73B | $46.32B | $45.09B | $42.69B | $29.24B | $22.86B | $18.04B | $14.87B | $14.22B | $13.46B | $8.18B | $6.13B | $4.42B | $3.20B | $2.59B | $1.98B | $1.10B | $800.5M | $438.9M | $200.0K | $200.0K | |||
| Cash And Cash Equivalents At Carrying Value | $1.64B | $2.07B | $1.93B | $1.48B | $1.63B | $2.67B | $1.93B | $1.87B | $2.37B | $1.68B | $2.29B | $3.82B | $1.56B | $1.68B | $574.1M | $240.0M | $263.1M | $738.6M | $155.7M | $150.1M | $152.8M | $75.5M | $56.5M | $51.0M | $30.8M | $31.3M | $185.7M | $200.0K | $200.0K | $200.0K | ||
| Restricted Cash And Cash Equivalents | $782.6M | $812.1M | $1.02B | $1.03B | $957.1M | $808.7M | $735.9M | $790.0M | $820.3M | $1.52B | $2.06B | $2.78B | $2.07B | $2.24B | $1.37B | $468.6M | $459.8M | $948.6M | $666.9M | $477.8M | $488.1M | $223.4M | $179.6M | $182.6M | $105.9M | $92.9M | $103.7M | $0.00 | $0.00 | $0.00 | ||
| Dividends Common Stock | $590.7M | $592.6M | $598.6M | $614.0M | $628.0M | $649.5M | $666.9M | $700.1M | $719.4M | $694.9M | $679.3M | $617.5M | $438.4M | $348.5M | $289.4M | $245.0M | $234.4M | $207.1M | $119.2M | $90.9M | $69.5M | $48.5M | $38.0M | $28.4M | $1.3M | |||||||
| Noncontrolling Interest Increase From Subsidiary Equity Issuance | $170.4M | $391.7M | $187.6M | $219.2M | $185.5M | $354.9M | $1.28B | $48.9M | $377.3M | $2.52B | $506.7M | $521.0M | $771.1M | $16.7M | $72.5M | $1.5M | $3.2M | $67.9M | $2.4M | $77.8M | $9.6M | $68.9M | $4.3M | $6.9M | ||||||||
| Minority Interest Decrease From Distributions To Noncontrolling Interest Holders | $28.9M | $41.9M | $36.3M | $30.5M | $38.2M | $35.1M | $52.9M | $81.7M | $70.9M | $63.6M | $54.8M | $44.1M | $9.0M | $8.7M | $7.3M | $22.1M | $6.6M | $9.7M | $25.1M | $5.6M | $2.8M | $988.0K | $646.0K | $581.0K | ||||||||
| Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock | -$3.9M | $2.6M | $846.0K | -$7.8M | -$19.2M | -$876.0K | -$18.5M | -$7.3M | $29.0M | -$502.0K | $10.6M | $35.7M | $24.8M | $6.9M | $2.8M | $6.4M | -$206.0K | $508.0K | $2.4M | $361.0K | $1.1M | $370.0K | $573.0K | $883.0K | ||||||||
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | $2.42B | $2.88B | $2.95B | $2.50B | $2.59B | $3.48B | $2.67B | $2.66B | $3.19B | $3.20B | $4.35B | $6.60B | $3.63B | $3.92B | $1.94B | $708.6M | $722.9M | $233.7M | $157.7M | $136.7M | $124.2M | $289.5M | $200.0K | $200.0K | $200.0K | |||||||
| Accrued Stockholder Servicing Fee Due To Affiliate | -$38.3M | -$86.4M | -$398.1M | $217.6M | $78.1M | $70.4M | $36.9M | $28.9M | $29.6M | $0.00 | $0.00 | |||||||||||||||||||||
| Liabilities And Stockholders Equity | $104.13B | $109.00B | $112.93B | $119.59B | $125.81B | $129.75B | $134.74B | $138.05B | $140.70B | $144.90B | $129.78B | $98.32B | $63.45B | $47.98B | $42.78B | $37.03B | $36.63B | $37.06B | $26.30B | $18.86B | $14.74B | $11.73B | $8.93B | $6.95B | $3.13B | $1.93B | $587.7M | $200.0K | $200.0K | |||
| Assets | $104.13B | $109.00B | $112.93B | $119.59B | $125.81B | $129.75B | $134.74B | $138.05B | $140.70B | $144.90B | $129.78B | $98.32B | $63.45B | $47.98B | $42.78B | $37.03B | $36.63B | $37.06B | $26.30B | $18.86B | $14.74B | $11.73B | $8.93B | $6.95B | $3.13B | $1.93B | $587.7M | $200.0K | $200.0K | |||
| Additional Paid In Capital Common Stock | $40.04B | $40.56B | $41.50B | $43.19B | $44.13B | $46.36B | $50.49B | $53.74B | $55.97B | $53.78B | $52.62B | $48.98B | $34.02B | $26.84B | $21.51B | $17.73B | $16.95B | $16.28B | $9.26B | $6.97B | $5.12B | $3.60B | $2.88B | $2.19B | $1.18B | $827.9M | $441.1M | $199.8K | $199.8K | |||
| Liabilities | $76.50B | $79.55B | $81.74B | $84.25B | $88.12B | $88.55B | $87.15B | $88.38B | $88.86B | $92.29B | $81.07B | $52.59B | $32.97B | $24.68B | $24.31B | $21.80B | $22.04B | $23.23B | $17.88B | $12.48B | $10.11B | $8.41B | $6.30B | $4.92B | $2.02B | $1.13B | $148.8M | $0.00 | $0.00 | |||
| Other Operating Activities Cash Flow Statement | $48.1M | -$29.4M | $85.9M | $17.0M | -$5.9M | -$1.7M | $1.5M | $813.0K | $1.0K | |||||||||||||||||||||||
| Gains Losses On Extinguishment Of Debt | -$17.2M | -$25.4M | -$11.5M | -$19.6M | -$21.4M | -$30.6M | -$26.5M | -$3.3M | -$5.3M | -$3.3M | -$8.8M | $1.4M | -$3.4M | -$2.8M | -$3.4M | -$5.3M | $0.00 | -$1.2M | $0.00 | |||||||||||||
| Retained Earnings Accumulated Deficit | -$20.32B | -$19.14B | -$18.10B | -$15.65B | -$14.47B | -$13.36B | -$10.54B | -$10.46B | -$10.52B | -$7.87B | -$7.55B | -$6.30B | -$4.80B | -$4.01B | -$3.49B | -$2.87B | -$2.75B | -$2.83B | -$1.09B | -$845.5M | -$703.9M | -$403.2M | -$297.1M | -$208.6M | -$75.1M | -$28.4M | -$2.7M | |||||
| Accrued Common Stock Repurchases | $724.8M | $800.0M | $694.7M | $393.5M | $87.4M | $427.3M | $5.0M | $1.0M | $0.00 | |||||||||||||||||||||||
| Other Assets | $5.42B | $5.30B | $5.45B | $5.87B | $7.63B | $7.10B | $8.34B | $7.76B | $6.98B | $8.19B | $6.01B | $6.90B | $5.07B | $3.13B | $2.22B | $1.68B | $1.50B | $1.46B | $926.0M | $506.8M | $386.7M | $358.5M | $299.5M | $260.1M | $23.8M | $10.8M | $2.9M | |||||
| Secured Debt Repurchase Agreements | $3.29B | $3.59B | $3.75B | $3.82B | $3.70B | $4.21B | $4.61B | $4.74B | $4.88B | $5.05B | $5.40B | $4.56B | $2.77B | $350.6M | $1.49B | $2.39B | $2.37B | $2.52B | $2.65B | $2.45B | $1.78B | $1.54B | $1.10B | $810.3M | $478.5M | $169.6M | ||||||
| Redeemable Noncontrolling Interest Equity Carrying Amount | $312.5M | $222.4M | $177.1M | $174.1M | $183.7M | $194.4M | $206.5M | $227.7M | $236.9M | $586.8M | $468.8M | $219.6M | $80.8M | $43.6M | $32.2M | $27.9M | $21.7M | $22.5M | $9.0M | $10.2M | $31.1M | $9.3M | $9.2M | $17.5M | ||||||||
| Accrued Distributions To Stockholders And Non Controlling Interests | $0.00 | $10.5M | $31.9M | $11.9M | $21.1M | $3.8M | $2.8M | $1.3M | ||||||||||||||||||||||||
| Noncash Or Part Noncash Acquisition Debt Assumed1 | $0.00 | $235.8M | $0.00 | $109.1M | $291.6M | $67.1M | $0.00 |
Cash Flow Statement
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Financing Cash Flow * | -$14.25B | -$13.12B | -$12.11B | $26.97B | $41.23B | $7.01B | $18.20B | $8.38B | $4.41B |
| Investing Cash Flow * | $11.53B | $11.12B | $9.85B | -$30.85B | -$40.64B | -$8.04B | -$17.99B | -$8.48B | -$4.32B |
| Operating Cash Flow * | $2.29B | $2.09B | $2.71B | $2.73B | $1.78B | $971.9M | $600.9M | $252.7M | $72.3M |
| Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition | $78.2M | $68.2M | $36.2M | $14.9M | $1.8M | $2.4M | $214.0K | $102.0K | |
| Increase Decrease In Due To Affiliates | $8.6M | -$774.0K | -$8.6M | $1.3M | $2.8M | $4.3M | $3.9M | $2.1M | $3.8M |
| Proceeds From Subscriptions Received In Advance | $142.4M | $143.0M | $113.8M | $208.6M | $1.75B | $508.8M | $796.7M | $166.5M | $107.6M |
| Proceeds From Issuance Of Common Stock | $2.09B | $1.93B | $6.21B | $17.47B | $23.02B | $7.51B | $7.43B | $2.70B | $1.72B |
| Payments Of Stock Issuance Costs | $181.9M | $204.8M | $237.6M | $274.1M | $180.2M | $95.1M | $77.2M | $44.1M | $22.3M |
| Payments Of Financing Costs | $149.6M | $345.3M | $67.5M | $447.5M | $258.0M | $72.9M | $116.1M | $46.6M | $22.9M |
| Payments For Capital Improvements | $1.22B | $1.14B | $1.49B | $1.31B | $576.3M | $327.2M | $199.8M | $102.3M | $10.0M |
| Increase Decrease In Other Operating Assets | -$46.6M | -$1.6M | $222.5M | $431.3M | $348.0M | $72.0M | $117.5M | $67.5M | $19.0M |
| Payments Of Dividends | $1.15B | $1.25B | $1.46B | $1.25B | $711.6M | $420.9M | $153.7M | $58.8M | $13.0M |
| Proceeds From Minority Shareholders | $234.8M | $21.5M | $1.20B | $2.66B | $638.7M | $24.1M | $132.9M | $147.6M | $25.6M |
| Payments For Repurchase Of Common Stock | $6.13B | $9.31B | $12.42B | $10.43B | $1.08B | $1.20B | $75.3M | $49.5M | $669.0K |
| Payments To Minority Shareholders | $526.1M | $661.8M | $755.1M | $321.0M | $131.6M | $45.5M | $39.6M | $4.4M | $196.0K |
| Payments For Repurchase Of Redeemable Noncontrolling Interest | $4.6M | $25.6M | $4.3M | $51.3M | $115.4M | $84.9M | $35.4M | $8.4M | $0.00 |
| Proceeds From Sale Of Real Estate Heldforinvestment | $6.59B | $8.71B | $7.40B | $2.92B | $267.0M | $434.9M | $79.1M | $0.00 | |
| Share Based Compensation |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 | Q1 2020 | Q3 2019 | Q2 2019 | Q1 2019 | Q3 2018 | Q2 2018 | Q1 2018 | Q1 2017 | Q2 2016 | Q1 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financing Cash Flow * | -$1.66B | -$1.63B | -$1.41B | $5.54B | $1.84B | $4.61B | $1.12B | $2.21B | $580.6M | $0.00 | $0.00 | ||||||||||||||||
| Investing Cash Flow * | $1.26B | $1.91B | $1.78B | -$2.98B | -$1.23B | -$4.24B | -$863.5M | -$2.18B | -$292.9M | $0.00 | $0.00 | ||||||||||||||||
| Operating Cash Flow * | $572.5M | $498.5M | $565.8M | $622.8M | $291.6M | $209.0M | $73.0M | $41.5M | $1.6M | $0.00 | $0.00 | ||||||||||||||||
| Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition | $13.0M | $20.5M | $20.1M | $23.0M | $19.9M | $21.6M | $20.5M | $9.2M | $9.4M | $9.1M | $10.7M | $9.8M | $1.3M | $817.0K | $1.3M | $69.0K | $600.0K | $600.0K | $600.0K | $600.0K | $600.0K | $62.0K | $25.0K | $25.0K | $23.0K | ||
| Increase Decrease In Due To Affiliates | $427.0K | $17.6M | $1.9M | $3.3M | $4.8M | $3.6M | -$981.0K | -$455.0K | $1.9M | $0.00 | $0.00 | ||||||||||||||||
| Proceeds From Subscriptions Received In Advance | $325.1M | $144.8M | $137.7M | $1.84B | $1.23B | $290.5M | $423.9M | $150.2M | $103.7M | $0.00 | $0.00 | ||||||||||||||||
| Proceeds From Issuance Of Common Stock | $379.9M | $292.2M | $4.94B | $5.95B | $2.33B | $4.23B | $649.7M | $479.8M | $482.8M | $0.00 | $0.00 | ||||||||||||||||
| Payments Of Stock Issuance Costs | $45.6M | $52.9M | $61.3M | $72.2M | $30.4M | $27.8M | $14.1M | $8.0M | $5.9M | $0.00 | $0.00 | ||||||||||||||||
| Payments Of Financing Costs | $51.8M | $92.0M | $42.5M | $26.5M | $13.6M | $19.9M | $8.3M | $11.2M | $32.0K | $0.00 | $0.00 | ||||||||||||||||
| Payments For Capital Improvements | $213.8M | $246.2M | $350.5M | $196.2M | $61.7M | $70.6M | $32.7M | $6.1M | $15.0K | $0.00 | $0.00 | ||||||||||||||||
| Increase Decrease In Other Operating Assets | -$13.2M | $32.5M | $89.2M | $79.3M | $20.7M | $70.4M | $26.1M | $14.9M | $765.0K | $0.00 | $0.00 | ||||||||||||||||
| Payments Of Dividends | $292.6M | $330.2M | $365.1M | $280.3M | $127.6M | $81.5M | $23.8M | $9.1M | $0.00 | $0.00 | |||||||||||||||||
| Proceeds From Minority Shareholders | $4.4M | $2.7M | $7.6M | $30.6M | $825.0K | $11.0M | $2.4M | $6.9M | $0.00 | ||||||||||||||||||
| Payments For Repurchase Of Common Stock | $1.80B | $2.68B | $2.83B | $965.7M | $323.6M | $46.6M | $38.4M | $1.3M | $0.00 | ||||||||||||||||||
| Payments To Minority Shareholders | $146.8M | $131.4M | $82.1M | $47.1M | $6.6M | $8.3M | $3.2M | $581.0K | $0.00 | ||||||||||||||||||
| Payments For Repurchase Of Redeemable Noncontrolling Interest | $245.0K | $1.0M | $1.9M | $26.6M | $111.9M | $83.6M | $4.3M | $0.00 | |||||||||||||||||||
| Proceeds From Sale Of Real Estate Heldforinvestment | $990.3M | $858.6M | $773.6M | $571.2M | $73.9M | $4.5M | $0.00 | ||||||||||||||||||||
| Share Based Compensation | $23.0K | $0.00 | $0.00 |
Per-Share & Share Counts
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Diluted EPS * | -$0.92 | -$0.23 | -$0.16 | -$0.20 | -$0.30 | -$0.53 | -$0.54 | -$0.91 | -$0.90 | |
| Common Stock Dividends Per Share Declared | $0.66 | $0.66 | $0.67 | $0.67 | $0.65 | $0.64 | $0.64 | $0.63 | $0.48 | |
| Common Stock Shares Outstanding | 4.11B | 4.49B | 3.69B | 1.80B | 1.13B | 438.9M | 170.4M | 20.0K | ||
| Weighted Average Number Of Shares Outstanding Basic | 3.56B | 3.82B | 4.41B | 4.33B | 2.65B | 1.60B | 748.8M | |||
| Weighted Average Number Of Diluted Shares Outstanding | 3.56B | 3.82B | 4.41B | 4.33B | 2.65B | 1.60B | 748.8M | |||
| Earnings Per Share Basic | $-0.92 | $-0.23 | $-0.16 | $-0.20 | $-0.30 | $-0.53 | $-0.54 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 | Q3 2016 | Q1 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Diluted EPS * | -$0.18 | -$0.14 | -$0.47 | -$0.16 | -$0.13 | -$0.03 | $0.14 | $0.17 | -$0.13 | $0.08 | -$0.13 | -$0.01 | -$0.12 | -$0.08 | $0.01 | $0.06 | $0.07 | $0.20 | -$0.86 | -$0.17 | -$0.15 | -$0.08 | -$0.10 | -$0.30 | -$0.17 | -$0.19 | -$0.23 | -$0.24 | -$0.28 | -$0.22 | -$0.03 | -$5.74 | |||
| Common Stock Dividends Per Share Declared | $0.17 | $0.16 | $0.16 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.17 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.13 | $0.04 | |||||||||
| Common Stock Shares Outstanding | 3.55B | 3.60B | 3.69B | 3.72B | 3.79B | 3.96B | 4.27B | 4.49B | 4.65B | 4.52B | 4.44B | 4.18B | 3.07B | 2.48B | 2.02B | 1.68B | 1.60B | 1.54B | 905.1M | 694.5M | 516.0M | 367.8M | 297.0M | 227.5M | 125.5M | 88.9M | 47.7M | 0.00 | 20.0K | ||||||
| Weighted Average Number Of Shares Outstanding Basic | 3.53B | 3.56B | 3.64B | 3.74B | 3.85B | 4.00B | 4.31B | 4.53B | 4.66B | 4.48B | 4.38B | 4.00B | 2.87B | 2.32B | 1.94B | 1.65B | 1.59B | ||||||||||||||||||
| Weighted Average Number Of Diluted Shares Outstanding | 3.53B | 3.56B | 3.64B | 3.74B | 3.85B | 4.00B | 4.31B | 4.53B | 4.66B | 4.48B | 4.38B | 4.00B | 2.87B | 2.32B | 1.94B | 1.65B | 1.59B | ||||||||||||||||||
| Earnings Per Share Basic | $-0.18 | $-0.14 | $-0.47 | $-0.16 | $-0.13 | $-0.03 | $0.14 | $0.17 | $-0.13 | $0.08 | $-0.13 | $-0.01 | $-0.12 | $-0.08 | $0.01 | $0.07 | $0.20 |
Other Metrics
Annual (10-K / 20-F)
| Metric \ Fiscal Year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation And Amortization | $3.22B | $3.57B | $3.81B | $4.10B | $1.92B | $1.36B | $824.0M | $406.3M | $121.8M |
| Costs And Expenses | $8.87B | $8.79B | $9.09B | $9.19B | $5.28B | $2.83B | $1.87B | $837.8M | $226.9M |
| Performance Participation Allocation | $592.9M | $0.00 | $0.00 | $742.7M | $1.38B | $192.6M | $141.4M | $37.5M | $17.0M |
| Management Fee Expense | $671.0M | $713.6M | $839.2M | $837.7M | $445.3M | $224.8M | $108.1M | $42.7M | $8.9M |
| Stock Issued During Period Value New Issues | $2.73B | $2.09B | $6.91B | $20.65B | $24.75B | $8.54B | $7.71B | $2.85B | $1.73B |
| Stock Issued During Period Value Dividend Reinvestment Plan | $1.19B | $1.23B | $1.34B | $1.39B | $793.0M | $492.7M | $245.3M | $102.0M | $25.5M |
| Stock Repurchased During Period Value | $6.16B | $9.40B | $14.10B | $10.53B | $1.42B | $1.46B | $237.1M | $56.4M | $669.0K |
| Gains Losses On Sales Of Investment Real Estate | $1.59B | $2.13B | $1.94B | $808.8M | $7.9M | $113.2M | $35.0M | $0.00 | |
| Capital Expenditures And Acquisition Related Costs Incurred But Not Yet Paid | $24.4M | -$3.6M | $0.00 | $74.8M | $23.1M | $13.4M | $17.6M | $2.5M | $2.1M |
| Distribution Reinvestment | $1.19B | $1.23B | $1.34B | $1.39B | $793.0M | $492.7M | $245.3M | $102.0M | $25.5M |
| Adjustments To Additional Paid In Capital Stock Issued Issuance Costs | $621.9M | $805.1M | $217.4M | $315.5M | $178.8M | $132.7M | |||
| Allocation To Redeemable Non Controlling Interests | $16.3M | $30.8M | $4.2M | $39.3M | $103.4M | $8.8M | $6.8M | $2.2M | $0.00 |
| Real Estate Investment Property Net | $73.93B | $81.46B | $91.08B | $98.15B | $66.94B | $32.46B | $26.33B | $10.26B | $3.41B |
| Redeemable Non Controlling Interest Issued As Settlement Of Performance Allocation | $134.8M | $15.4M | $0.00 | $817.5M | $1.57B | $141.4M | $37.5M | $17.0M | $0.00 |
| Repayments Of Mortgage Notes Term Loans And Secured Revolving Credit Facilities | $9.61B | $18.93B | $12.83B | $14.14B | $8.68B | $6.83B | $8.33B | $2.77B | $247.6M |
| Borrowings From Mortgage Notes Term Loans And Secured Revolving Credit Facilities | $6.80B | $15.91B | $9.18B | $33.63B | $24.66B | $8.86B | $17.40B | $7.32B | $2.17B |
| Payment For Repurchase Of Affiliate Service Provider Incentive Compensation Awards | $10.1M | $1.2M | $2.0M | $143.0K | $1.2M | $2.2M | $718.0K | $0.00 |
Quarterly (10-Q, single quarters)
| Metric \ Quarter | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 | Q3 2020 | Q2 2020 | Q1 2020 | Q3 2019 | Q2 2019 | Q1 2019 | Q3 2018 | Q2 2018 | Q1 2018 | Q3 2017 | Q2 2017 | Q1 2017 | Q2 2016 | Q1 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation And Amortization | $788.5M | $808.7M | $827.1M | $848.2M | $889.3M | $913.2M | $928.9M | $987.6M | $999.4M | $1.13B | $958.3M | $915.1M | $482.0M | $399.6M | $400.4M | $332.6M | $347.4M | $328.8M | $204.7M | $161.9M | $139.5M | $103.8M | $84.8M | $74.1M | $40.4M | $23.7M | $1.1M | $0.00 | $0.00 |
| Costs And Expenses | $2.04B | $2.18B | $2.28B | $2.12B | $2.11B | $2.29B | $2.28B | $2.37B | $2.28B | $2.54B | $2.18B | $2.20B | $1.47B | $1.12B | $917.0M | $655.5M | $645.4M | $652.7M | $506.9M | $383.5M | $319.1M | $221.7M | $171.5M | $141.2M | $74.1M | $42.0M | $4.9M | ||
| Performance Participation Allocation | $124.0M | $88.8M | $142.2M | $0.00 | -$105.0M | $105.0M | $0.00 | $0.00 | $0.00 | $194.4M | $211.6M | $411.6M | $449.8M | $299.4M | $143.2M | $0.00 | $0.00 | $0.00 | $56.3M | $29.9M | $20.2M | $12.4M | $9.5M | $7.9M | $5.7M | $5.2M | $0.00 | ||
| Management Fee Expense | $166.8M | $166.9M | $168.4M | $174.3M | $180.7M | $187.1M | $209.3M | $213.4M | $221.1M | $219.8M | $212.6M | $189.2M | $122.9M | $92.2M | $73.1M | $57.6M | $53.4M | $49.5M | $29.9M | $22.5M | $17.2M | $11.8M | $9.3M | $7.0M | $3.7M | $0.00 | |||
| Stock Issued During Period Value New Issues | $491.1M | $574.7M | $521.6M | $441.0M | $595.7M | $448.3M | $417.0M | $667.6M | $5.44B | $3.96B | $6.32B | $8.01B | $7.45B | $5.60B | $2.92B | $1.02B | $876.6M | $5.08B | $2.34B | $1.97B | $844.1M | $755.6M | $733.0M | $593.7M | $482.8M | ||||
| Stock Issued During Period Value Dividend Reinvestment Plan | $294.9M | $296.9M | $301.3M | $302.1M | $309.9M | $314.7M | $305.7M | $330.8M | $344.7M | $363.9M | $348.1M | $307.3M | $212.0M | $173.2M | $150.2M | $129.0M | $123.2M | $104.9M | $67.9M | $51.9M | $42.0M | $28.4M | $22.0M | $16.5M | |||||
| Stock Repurchased During Period Value | $1.33B | $1.48B | $2.13B | $1.72B | $3.33B | $2.92B | $4.14B | $3.44B | $3.39B | $3.06B | $2.88B | $1.26B | $206.2M | $242.7M | $509.8M | $332.9M | $299.0M | $516.2M | $55.9M | $60.2M | $45.5M | $19.5M | $8.8M | $2.3M | |||||
| Gains Losses On Sales Of Investment Real Estate | $332.9M | $464.4M | $135.9M | $989.0M | $175.9M | $106.6M | $985.2M | $668.8M | $121.0M | $318.0M | $217.2M | $205.3M | -$9.6M | $7.4M | $15.4M | $100.1M | $0.00 | $371.0K | $6.5M | $29.7M | $0.00 | ||||||||
| Capital Expenditures And Acquisition Related Costs Incurred But Not Yet Paid | $0.00 | $16.1M | $0.00 | $6.3M | $7.0M | $3.4M | $4.4M | $1.9M | $173.0K | $0.00 | $0.00 | ||||||||||||||||||
| Distribution Reinvestment | $301.3M | $314.7M | $344.7M | $307.3M | $150.2M | $104.9M | $42.0M | $16.5M | $0.00 | $0.00 | |||||||||||||||||||
| Adjustments To Additional Paid In Capital Stock Issued Issuance Costs | $92.8M | $221.5M | $285.3M | $249.2M | $184.3M | $107.3M | $35.1M | $28.6M | $97.8M | $59.4M | $103.0M | $50.8M | $47.4M | $46.5M | $37.4M | $41.4M | |||||||||||||
| Allocation To Redeemable Non Controlling Interests | $846.0K | $876.0K | $29.0M | $35.7M | $2.8M | $508.0K | $1.1M | $883.0K | $0.00 | ||||||||||||||||||||
| Real Estate Investment Property Net | $75.92B | $77.91B | $80.15B | $84.54B | $86.86B | $89.80B | $92.00B | $94.96B | $97.18B | $98.79B | $84.82B | $68.80B | $43.60B | $33.95B | $32.51B | $28.87B | $28.94B | $28.81B | $20.74B | $14.27B | $11.32B | $9.04B | $6.75B | $5.39B | $2.23B | $1.43B | $150.1M | ||
| Redeemable Non Controlling Interest Issued As Settlement Of Performance Allocation | $0.00 | $67.2M | $192.6M | $141.4M | $37.5M | $17.0M | |||||||||||||||||||||||
| Repayments Of Mortgage Notes Term Loans And Secured Revolving Credit Facilities | $2.69B | $4.92B | $3.79B | $2.70B | $957.2M | $3.59B | $823.5M | ||||||||||||||||||||||
| Borrowings From Mortgage Notes Term Loans And Secured Revolving Credit Facilities | $2.89B | $6.58B | $822.0M | $2.44B | $614.1M | $4.55B | $896.9M | ||||||||||||||||||||||
| Payment For Repurchase Of Affiliate Service Provider Incentive Compensation Awards | $6.6M | $756.0K | $38.0K | $0.00 | $923.0K | $335.0K | $0.00 |
Most recent annual filing with the SEC: February 27, 2026
Data sourced from SEC EDGAR public filings as of August 6, 2026.