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Blackstone Real Estate Income Trust, Inc. filings document a Maryland corporation real estate income trust with multiple classes of common stock. Form 8-K disclosures cover class-specific distributions, stockholder servicing fees, distribution reinvestment, unregistered equity sales, NAV-based purchase pricing and exemptions under Section 4(a)(2), Regulation D and Regulation S.
Proxy filings cover annual meeting matters, director elections and ratification of the independent registered public accounting firm. The company also reports property operating information, including same-property net operating income and related measures of occupancy, rents, leasing activity and property expenses.
Blackstone Real Estate Income Trust, Inc. declared its December 2025 monthly distributions on December 30, 2025 for all listed classes of common stock. Each class will receive a gross distribution of $0.0553 per share, with the actual cash or reinvested amount varying by class after stockholder servicing fees.
Net distributions per share are $0.0553 for Class I, $0.0451 for Class S and Class S-2, $0.0524 for Class D and Class D-2, and $0.0452 for Class T and $0.0453 for Class T-2. These amounts are payable to stockholders of record immediately after the close of business on December 31, 2025 and are scheduled to be paid on or about January 20, 2026, either in cash or through reinvestment under the distribution reinvestment plan. Class C is described as an accumulating share class, so its share of income accretes into net asset value instead of a stated cash distribution.
Blackstone Real Estate Income Trust, Inc. reported an unregistered sale of its Class C common stock to a feeder vehicle on December 12, 2025. The company issued 121,590 Class C shares for total consideration of $1,948,743 in a private transaction structured through a feeder that offers interests to certain non-U.S. persons.
The transaction relied on exemptions from Securities Act registration under Section 4(a)(2) and Regulation S, so the shares were sold without a public offering and are subject to the regulatory framework governing private and offshore offerings.
Blackstone Real Estate Income Trust, Inc. (BREIT) furnished an update highlighting accelerating performance and portfolio positioning for Q3 2025. The trust reported a +1.65% net return for Class I shares in the quarter and +5.6% year-to-date through October, marking ten straight months of positive results and a +9.2% annualized net return since inception.
In 2024, 96% of BREIT’s distribution was classified as return of capital, turning a 4.8% cash distribution rate into a 7.5% tax-equivalent rate. Management notes that repurchase requests are down 96% from their peak and net flows are approaching positive, which they view as improving investor sentiment.
BREIT emphasizes data centers as a key growth engine, with $1.2B deployed into development in Q3 and $3.7B year-to-date 2025, primarily through its QTS platform and a fully pre-leased $25B+ development pipeline. The portfolio remains heavily concentrated in rental housing, industrial and data centers, and management cites falling interest rates, shrinking new construction and more active capital markets as supportive tailwinds for future performance.
Blackstone Real Estate Income Trust, Inc. reported a private sale of common stock to accredited investors, raising approximately $7.8 million in new equity. The company sold 555,500 Class S-2 shares for aggregate consideration of $7,786,180.
The shares were issued in an unregistered transaction under the Securities Act exemptions provided by Section 4(a)(2) and Regulation D, as part of the trust’s continuous private offering program. This transaction brings in additional capital without using a registered public offering.
Blackstone Real Estate Income Trust, Inc. declared November 2025 monthly distributions for all classes of its common stock except Class C. The gross distribution is $0.0549 per share for each class, with different stockholder servicing fees reducing the net amount by share class. For example, Class I common stock has a net distribution of $0.0549 per share, while Class S and Class S-2 each have a net distribution of $0.0451 per share.
The net distributions are payable to stockholders of record immediately after the close of business on November 30, 2025 and are scheduled to be paid on or about December 22, 2025. Stockholders may receive the distributions in cash or have them reinvested through the company’s distribution reinvestment plan. Class C shares have no stated cash distribution because their share of income is intended to accrete into net asset value rather than be paid out.
Blackstone Real Estate Income Trust, Inc. (BSTT) disclosed an unregistered sale of its Class C common stock. On November 13, 2025, the company issued 384,089 Class C shares to a feeder vehicle primarily created to hold its Class I and Class C common stock, which then offers interests to certain non-U.S. persons.
The transaction raised $6,091,039 in consideration and relied on exemptions from registration under Section 4(a)(2) and Regulation S of the Securities Act of 1933. This structure allows the company to access non-U.S. capital through the feeder vehicle without registering the shares under the Securities Act.
Blackstone Real Estate Income Trust, Inc. (BSTT) reported an initial statement of beneficial ownership on Form 3 for its Chief Executive Officer, who also serves as a director. The filing shows that this reporting person directly owns 71,147.053 shares of the company’s Class I common stock. This disclosure establishes the insider’s equity stake as of the event date of 11/10/2025 and reflects their alignment with shareholders through direct ownership of common equity.
Blackstone Real Estate Income Trust (BREIT) issued a prospectus supplement updating portfolio metrics, December pricing, NAV, offering status, and program/governance changes.
For subscriptions as of December 1, 2025, transaction prices equal October 31 NAV per share: Class I $13.9218, Class S-2 $13.8866, Class D-2 $13.5564, Class T-2 $13.6582. Class I total return for October was 0.8%.
As of October 31, 2025, aggregate NAV was $53.1 billion with 3,820,181 thousand shares/units outstanding. By the supplement date, BREIT had sold 28,742,541 primary shares for $0.4 billion in proceeds and 15,563,833 DRIP shares valued at $0.2 billion, under its up to $60.0 billion continuous offering.
BREIT introduced a DST Program to sell beneficial interests in Delaware statutory trusts via private placements, with master leases guaranteed by the Operating Partnership and an FMV purchase option. The supplement also updates valuation procedures, class-specific fees (management and performance participation), suitability standards in certain states, and lists current directors and executive officers.
Blackstone Real Estate Income Trust (BREIT) reported a third-quarter net loss as real estate sales slowed and non-cash charges weighed on results. Total revenues were $1,943,444 for Q3 2025 versus $2,094,666 a year ago. Net loss was $713,517 for Q3 2025, compared with $607,726 in Q3 2024. Net loss per share was $0.18.
Year to date, revenues were $5,996,997 and net loss was $3,122,284. Key drivers included depreciation and amortization of $2,424,225, impairments of $368,757, management fees of $502,074, a performance participation allocation of $355,028, and net interest expense of $2,312,297.
On the balance sheet, total assets were $104,131,044 at September 30, 2025, down from $116,238,241 at December 31, 2024, reflecting lower investments in real estate and securitized loans. Total liabilities were $76,498,037, and total equity was $27,320,485, compared with $34,694,130 at year-end. Cash flow from operations was $1,721,607 for the nine months; investing provided $8,074,332 and financing used $(10,153,863). Cash, cash equivalents and restricted cash ended at $2,423,394.
As of November 7, 2025, outstanding shares included 2,130,304 thousand Class I and 1,232,121 thousand Class S, among other classes.
Blackstone Real Estate Income Trust (BSTT) reported the sale of unregistered common stock in a private transaction. On November 1, 2025, the company sold 570,186 Class S-2 shares for aggregate consideration of $7,943,299.
The shares were offered as part of the company’s continuous private offering to accredited investors and were issued under exemptions from registration provided by Section 4(a)(2) and Regulation D of the Securities Act. The transaction brings cash into the company through a non‑public capital raise.