Blackstone Real Estate Income Trust (BSTT) declares September 2025 per-share distributions

Rhea-AI Filing Summary

Blackstone Real Estate Income Trust, Inc. declared monthly distributions for September 2025 on all listed common stock classes at a gross rate of $0.0548 per share. The net amount each stockholder receives varies slightly by share class after deducting stockholder servicing fees.

Net distributions per share are $0.0451 for Class S and S-2, $0.0548 for Class I, $0.0452 for Class T and T-2, and $0.0520 for Class D and D-2. These distributions are payable to stockholders of record immediately after the close of business on September 30, 2025 and are expected to be paid on or about October 20, 2025.

Stockholders can receive the distributions in cash or have them reinvested in additional shares through the company’s distribution reinvestment plan. Class C shares are described as an accumulating share class, so their share of income is reflected through increases in net asset value rather than a stated cash distribution amount.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 29, 2025

Blackstone Real Estate Income Trust, Inc.

(Exact Name of Registrant as Specified in its Charter)

Maryland

000-55931

81-0696966

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS. Employer Identification No.)

345 Park Avenue

New York, New York 10154

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code:

(212) 583-5000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class Trading Symbol(s) Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure

September 2025 Distributions

On September 29, 2025, the Company declared distributions for each class of its common stock in the amount per share set forth below: 

						Gross Distribution						Stockholder Servicing Fee						Net Distribution
Class S Common Stock						$0.0548						$0.0097						$0.0451
Class S-2 Common Stock						$0.0548						$0.0097						$0.0451
Class I Common Stock						$0.0548						$0.0000						$0.0548
Class T Common Stock						$0.0548						$0.0096						$0.0452
Class T-2 Common Stock						$0.0548						$0.0096						$0.0452
Class D Common Stock						$0.0548						$0.0028						$0.0520
Class D-2 Common Stock						$0.0548						$0.0028						$0.0520

The net distributions for each class of common stock (which represents the gross distributions less stockholder servicing fees for the applicable class of common stock) are payable to stockholders of record immediately following the close of business on September 30, 2025 and will be paid on or about October 20, 2025. These distributions will be paid in cash or reinvested in the applicable class of shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan. Class C currently has no distribution amount presented as it is generally an accumulating share class whereby its share of income will accrete into its NAV.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BLACKSTONE REAL ESTATE INCOME TRUST, INC.

Date: September 30, 2025

By:

/s/ Leon Volchyok

Name:

Leon Volchyok

Title:

Chief Legal Officer

FAQ

What distributions did Blackstone Real Estate Income Trust (BSTT) declare for September 2025?

Blackstone Real Estate Income Trust declared gross monthly distributions of $0.0548 per share for each listed common stock class for September 2025. Net amounts differ by class due to stockholder servicing fees deducted from the gross distribution rate.

What are the net distribution amounts per share for each BSTT common stock class?

Net September 2025 distributions are $0.0451 for Class S and S-2, $0.0548 for Class I, $0.0452 for Class T and T-2, and $0.0520 for Class D and D-2. Each figure reflects the gross $0.0548 less the applicable stockholder servicing fee.

When are BSTT’s September 2025 distributions payable and what is the record date?

The September 2025 distributions are payable to stockholders of record immediately after the close of business on September 30, 2025. Payments are expected to be made on or about October 20, 2025, according to the company’s disclosure.

How will BSTT’s September 2025 distributions be paid to stockholders?

Distributions will be paid in cash or reinvested in additional shares of the same class for stockholders enrolled in the distribution reinvestment plan. Each investor’s election determines whether they receive cash or additional common stock of Blackstone Real Estate Income Trust.

Why does BSTT Class C stock show no stated September 2025 distribution amount?

Class C is described as an accumulating share class, meaning its share of income is reflected through accretion into net asset value rather than a separate cash distribution. As a result, no explicit per-share distribution amount is presented for Class C.

How do stockholder servicing fees affect BSTT’s September 2025 distributions?

Each share class has a stated gross distribution of $0.0548, from which a class-specific stockholder servicing fee is deducted to arrive at the net distribution. For example, Class S has a $0.0097 fee, resulting in a $0.0451 net distribution per share.