other material
confidence high
sentiment positive
materiality 0.65
BREIT Q1 net return +2.0%; subscriptions up 44% YoY; data center portfolio expands
Blackstone Real Estate Income Trust, Inc.
- Q1 2026 Class I net return of +2.0% with positive monthly performance; ITD annualized return 9.3%.
- Subscriptions in Q1 2026 up 44% YoY; three consecutive months of positive net flows.
- Data centers now 23% of portfolio (1% in 2020); $2.4B invested in pre-leased developments in Q1 2026.
- Portfolio 90% in rental housing, industrial, data centers; 65% in Sunbelt markets.
- 2025 distribution 100% return of capital; annualized distribution rate 4.7% (Class I), tax-equivalent 7.4%.