Real Estate — Other Operating Expenses
Blackstone Real Estate — Other Operating Expenses decreased by 13.6% to $90.20M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.3%, from $83.28M to $90.20M. Over 4 years (FY 2021 to FY 2025), Real Estate — Other Operating Expenses shows an upward trend with a 12.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Rising expenses relative to AUM may suggest operational inefficiencies or increased investment in infrastructure, while falling expenses suggest improved operating leverage.
Detailed definition
This captures the non-compensation operating costs incurred by the Real Estate segment, including administrative, techno...
Peer comparison
Comparable to general and administrative (G&A) expenses reported by peer real estate investment managers.
bx_segment_real_estate_other_operating_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $54.76M | $61.40M | $73.99M | $66.00M | $88.33M | $74.70M | $86.30M | $74.18M | $71.95M | $83.07M | $95.85M | $89.76M | $92.38M | $100.74M | $97.44M | $83.28M | $87.05M | $95.23M | $104.44M | $90.20M |
| QoQ Change | — | +12.1% | +20.5% | -10.8% | +33.8% | -15.4% | +15.5% | -14.0% | -3.0% | +15.5% | +15.4% | -6.3% | +2.9% | +9.1% | -3.3% | -14.5% | +4.5% | +9.4% | +9.7% | -13.6% |
| YoY Change | — | — | — | — | +61.3% | +21.7% | +16.6% | +12.4% | -18.5% | +11.2% | +11.1% | +21.0% | +28.4% | +21.3% | +1.7% | -7.2% | -5.8% | -5.5% | +7.2% | +8.3% |
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Frequently Asked Questions
- What is Blackstone's real estate — other operating expenses?
- Blackstone (BX) reported real estate — other operating expenses of $90.20M in Q1 2026.
- How has Blackstone's real estate — other operating expenses changed year-over-year?
- Blackstone's real estate — other operating expenses increased by 8.3% year-over-year, from $83.28M to $90.20M.
- What is the long-term trend for Blackstone's real estate — other operating expenses?
- Over 4 years (2021 to 2025), Blackstone's real estate — other operating expenses has grown at a 12.1% compound annual growth rate (CAGR), from $234.51M to $370.00M.
- What does real estate — other operating expenses mean?
- The non-payroll operating costs required to run the real estate business segment.