---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-310690"
form_type: "8-K"
ticker: "BSTT"
cik: "0001662972"
company_name: "Blackstone Real Estate Income Trust, Inc."
filed_at: "2025-12-08T23:59:59+00:00"
generated_at: "2026-05-16T13:58:54.167437+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BREIT Q3 net return +1.65%, YTD +5.6%; data center deployment $3.7B

## Summary
- Class I annualized net return since inception (Jan 2017) is 9.2%, 60% higher than public REITs.
- Data center investment: $1.2B in Q3, $3.7B YTD through QTS; leasing pipeline doubled in Q3.
- Repurchase requests down 96% from peak; net flows approaching positive.
- 2024 distribution: 96% return of capital, tax-equivalent rate of 7.5% for Class I.
- Katie Keenan appointed CEO and director, succeeding Wesley LePatner.

## SEC filing metadata
- accession: 0001193125-25-310690
- form_type: 8-K
- ticker: BSTT
- cik: 0001662972
- company_name: Blackstone Real Estate Income Trust, Inc.
- filed_at: 2025-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662972/000119312525310690/0001193125-25-310690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662972/000119312525310690/d73928d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-310690
- JSON: https://secwatch.observer/filing/0001193125-25-310690.json
- Plain text: https://secwatch.observer/filing/0001193125-25-310690.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.