secwatch.observer — SEC 8-K summary
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Issuer:     Blackstone Real Estate Income Trust, Inc. (BSTT)
CIK:        0001662972
Form:       8-K
Filed at:   2026-05-20T22:34:47+00:00
Accession:  0001193125-26-232959
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662972/000119312526232959/0001193125-26-232959-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662972/000119312526232959/d41800d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-232959

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