Blackstone Real Estate Income Trust, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-3.28B | $-890.5M | $-691.8M | $-883.5M | $-804.8M | $-853.4M | $-401.8M | $-281.1M |
| Depreciation & Amortization | $3.22B | $3.57B | $3.81B | $4.10B | $1.92B | $1.36B | $824.0M | $406.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $2.29B | $2.09B | $2.71B | $2.73B | $1.78B | $971.9M | $600.9M | $252.7M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $11.53B | $11.12B | $9.85B | $-30.85B | $-40.64B | $-8.04B | $-17.99B | $-8.48B |
| Financing Activities | ||||||||
| Dividends Paid | $1.15B | $1.25B | $1.46B | $1.25B | $711.6M | $420.9M | $153.7M | $58.8M |
| Stock Repurchases | $6.13B | $9.31B | $12.42B | $10.43B | $1.08B | $1.20B | $75.3M | $49.5M |
| Net Cash from Financing Activities | $-14.25B | $-13.12B | $-12.11B | $26.97B | $41.23B | $7.01B | $18.20B | $8.38B |
| Net Change in Cash | — | — | — | — | — | $-65.2M | $803.1M | $148.9M |
| Free Cash Flow | — | — | — | — | — | — | — | — |