---
schema_version: "secwatch.filing_event.v1"
accession: "0001662972-23-000045"
form_type: "8-K"
ticker: "BSTT"
cik: "0001662972"
company_name: "Blackstone Real Estate Income Trust, Inc."
filed_at: "2023-04-14T23:59:59+00:00"
generated_at: "2026-06-17T01:59:22.720643+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# BREIT expects Q1 2023 same-property NOI up ~9% YoY; net loss widens to ~$657-727M

## Summary
- Same-property NOI midpoint ~$966M, up ~9% from $888M in Q1 2022.
- Estimated net loss for Q1 2023 ranges $657-727M vs $97M loss a year ago.
- Preliminary, unaudited; Deloitte has not audited or reviewed data.
- Reconciliation shows large adjustments from depreciation, interest, and mark-to-market losses.

## SEC filing metadata
- accession: 0001662972-23-000045
- form_type: 8-K
- ticker: BSTT
- cik: 0001662972
- company_name: Blackstone Real Estate Income Trust, Inc.
- filed_at: 2023-04-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662972/000166297223000045/0001662972-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662972/000166297223000045/breit-20230414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001662972-23-000045
- JSON: https://secwatch.observer/filing/0001662972-23-000045.json
- Plain text: https://secwatch.observer/filing/0001662972-23-000045.txt

## Key facts
- Earnings Releases
  Blackstone Real Estate Income Trust, Inc. reported the quarter ended March 31, 2023 results: net income Net loss $ (726,867).
  - Period: the quarter ended March 31, 2023
  - Net income: Net loss $ (726,867)
  - Result: preliminary results
  source text: On April 14, 2023, Blackstone Real Estate Income Trust, Inc., a Maryland corporation (the “Company”), announced preliminary estimated unaudited same property net operating income (“NOI”) for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662972/000166297223000045/0001662972-23-000045-index.htm

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