---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-232959"
form_type: "8-K"
ticker: "BSTT"
cik: "0001662972"
company_name: "Blackstone Real Estate Income Trust, Inc."
filed_at: "2026-05-20T22:34:47+00:00"
generated_at: "2026-05-21T10:17:58.889752+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BREIT Q1 net return +2.0%; subscriptions up 44% YoY; data center portfolio expands

## Summary
- 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%.

## SEC filing metadata
- accession: 0001193125-26-232959
- form_type: 8-K
- ticker: BSTT
- cik: 0001662972
- company_name: Blackstone Real Estate Income Trust, Inc.
- filed_at: 2026-05-20T22:34:47+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662972/000119312526232959/0001193125-26-232959-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662972/000119312526232959/d41800d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-232959
- JSON: https://secwatch.observer/filing/0001193125-26-232959.json
- Plain text: https://secwatch.observer/filing/0001193125-26-232959.txt

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