Blackstone Real Estate Income Trust, Inc. (BSTT) director Edward Lewis reported an acquisition of 13,653.834 shares of Class I Common Stock as a grant of restricted stock awarded as compensation. The award vests on August 14, 2027. Following this grant, his directly held position is 118,670.606 shares, which includes shares acquired through the issuer’s Distribution Reinvestment Plan.
Blackstone Real Estate Income Trust, Inc. (BSTT) director Frank Cohen reported an award of 13,653.834 shares of Class I Common Stock as restricted stock compensation, vesting on August 14, 2027. After this grant, he holds 1,339,251.221 shares directly, including shares acquired through the issuer's Distribution Reinvestment Plan, and 240,099.398 shares indirectly via a family trust for which he disclaims beneficial ownership beyond his pecuniary interest.
Blackstone Real Estate Income Trust, Inc. (BSTT) director Susan Carras reported an acquisition of 13,653.834 shares of Class I Common Stock as a grant of restricted stock on August 14, 2026. This award is compensation that vests on August 14, 2027.
The reported direct holdings after this grant total 85,249.395 shares, which include 70.382 bonus shares previously issued for no consideration and not reported on an earlier Form 4. In addition, 17,542.629 shares are held indirectly through a limited liability company.
Blackstone Real Estate Income Trust, Inc. is updating investors on portfolio metrics, NAV and its ongoing continuous offering. As of July 31, 2026, total NAV was $57,430,084 (in thousands), up from $56,567,757 (in thousands) on June 30, 2026, with Class I NAV per share at $14.6479 and similar modest increases across other share classes.
For subscriptions on September 1, 2026, transaction prices per share equal July 31 NAV per share, including $14.6479 for Class I, $14.6353 for Class S‑2, $14.2703 for Class D‑2, and $14.3813 for Class T‑2. July 2026 total return was 1.2% (not annualized) for the main retail classes. The trust continues a non‑traded offering of up to $60.0 billion of common stock and has sold $2.0 billion in the primary offering and $0.7 billion via the distribution reinvestment plan to date. For the six months ended June 30, 2026, it recorded total revenues of $3,798,293 (in thousands) and a net loss attributable to stockholders of $758,880 (in thousands), while generating $1,213,888 (in thousands) of cash from operating activities.
Blackstone Real Estate Income Trust, Inc. reported total revenues of $3,798,293 for the six months ended June 30, 2026, down from $4,053,553 for the same period in 2025. Net loss narrowed to $851,708 from $2,408,767, with net loss attributable to BREIT stockholders of $758,880, or $0.22 per share for most classes.
Real estate investments, net, were $68,955,509 within total assets of $90,753,857, while total liabilities were $65,439,482. The company disposed of 190 properties for net proceeds of $4,086,763 and net gains of $855,832, and recorded $234,467 of real estate impairments. Operating activities provided $1,213,888 of cash, offset by $8,455,010 used in financing. Mortgage and other secured borrowings, net, totaled $52,525,971, with additional secured financings of real estate debt of $2,655,650 and unsecured credit facilities and term loans of $1,526,923.
Blackstone Real Estate Income Trust, Inc. reported that on August 1, 2026 it sold unregistered shares of its common stock for aggregate consideration of approximately $26.6 million in a private transaction.
The sale involved 1,817,941 Class S-2 shares of common stock, as part of the company’s continuous private offering to accredited investors. The transaction relied on exemptions from Securities Act registration under Section 4(a)(2) and Regulation D.
Blackstone Real Estate Income Trust, Inc. declared July 2026 distributions for all outstanding classes of common stock. Each class has a gross distribution of $0.0557 per share, with different stockholder servicing fees resulting in class-specific net amounts.
Net per-share distributions include $0.0557 for Class I and Class L, $0.0451 for Class S and Class S-2, $0.0527 for Class D and Class D-2, and $0.0453 for Class T and Class T-2. Stockholders of record immediately following the close of business on July 31, 2026 will receive these distributions on or about August 20, 2026, in cash or reinvested through the distribution reinvestment plan. Class C is described as an accumulating share class whose income accretes into its NAV rather than being paid out as a cash distribution.
Blackstone Real Estate Income Trust, Inc. states that its Class I shares produced a 10.3% net return over the last 12 months, with June 2026 net return of 1.1% and first-half 2026 return of 5.2%, marking 18 consecutive months of positive performance.
The vehicle highlights consistent income, citing a 4.6% annualized distribution rate for Class I shares and 2025 distributions that were 100% classified as return of capital, which it equates to a 7.3% tax-equivalent rate. Management notes five straight months of positive net inflows and the first positive net-flow quarter in nearly four years, with average ticket size up 18% year over year.
The portfolio is described as ~90% allocated to rental housing, industrial and data centers, with ~65% in Sunbelt markets. BREIT emphasizes large-scale data center exposure through QTS, including $5.7B deployed into pre-leased developments in the first half of 2026 and a $30B committed development pipeline, alongside strong industrial leasing and structurally undersupplied rental housing. All performance data is estimated, unaudited and subject to change.
Blackstone Real Estate Income Trust, Inc. reported preliminary estimated unaudited results for the six months ended June 30, 2026. Management expects same property NOI for this period to be approximately 3% higher than for the same period in 2025, with same property NOI attributable to stockholders ranging from $2,362,651 thousand to $2,483,811 thousand, versus $2,352,596 thousand in 2025.
Preliminary GAAP net loss for the 2026 period is estimated between $830,415 thousand and $873,001 thousand, compared with a net loss of $2,408,767 thousand for the 2025 period. The reconciliation from net loss to same property NOI adds back or adjusts for items such as management fees, performance participation allocation, impairment of investments in real estate, depreciation and amortization, interest expense, portfolio-level corporate costs, and other non-property-related items.
These figures are preliminary, based on management’s estimates, and remain subject to completion of the June 30, 2026 financial statement review. The company states that actual results may differ materially, and its independent registered public accounting firm has not audited, reviewed, compiled or performed procedures on this data.
Blackstone Real Estate Income Trust, Inc. updates investors on portfolio activity, net asset value and its ongoing public offering. As of June 30, 2026, aggregate NAV was $56.6 billion, with Class I shares at a NAV per share of $14.5256 and August 1, 2026 transaction prices for Class I, S-2, D-2 and T-2 set equal to their June 30 NAVs.
During the six months ended June 30, 2026, BREIT deployed $5.7 billion (at its share) into data center developments via its QTS platform, a 126% increase over the prior-year period, with these projects 100% pre-leased, in substantially all cases to investment grade tenants. The NAV tables show portfolio composition, class-level NAV per share, and valuation assumptions by property type, including discount and exit capitalization rates.
The continuous offering authorizes up to $60.0 billion of common stock, of which $1.8 billion has been raised in the primary offering and $0.7 billion through the distribution reinvestment plan as of this update. Suitability standards are revised for Idaho investors and a heightened suitability standard for Pennsylvania investors is removed.