The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-14.1%
MissDebt under half of equityNot relying on borrowed money.2.87x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-41.2%
MissProfitable every yearSteady profits, not one good year.0 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$2.3B
PassShare count not growingNot diluting owners. Falling means buybacks.-17.9% in 3 years
Revenue
$8.0B
-6.7% vs prior year
5-year growth
+25.6%/yr
revenue, per year
Total debt
$55.5B
2.87x equity
Free cash flow
$2.3B
28.7% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Oct 22Before open6:49 am ET
From the press release
On October 22, 2026 , Blackstone Real Estate Income Trust, Inc., a Maryland corporation ("BREIT" or the “Company”), announced preliminary estimated unaudited same property net operating income (“NOI”) for the nine months ended September 30, 2026.
The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗
Revenue
$1.9B
-6.9% YoY
Op. margin
60.0%
-3.6 pts
Gross margin
53.7%
+0.1 pts
Free cash flow
$740.1M
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
55/ 100
This week
2
Normal week
1.7
vs normal
1.2x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-6.4%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
3.0x · $52.5B debt
Shares outstandingLatest reported
20K
Why elevated risk
Losing money, losses are large next to sales
High debt: 2.98x equity
16 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Jan 28, 2027 (est.)Estimated from the same quarter last year
Results filedOct 22
Results filedJul 23
Results filedApr 23
Results filedJan 29
Results filedOct 23, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days