BREIT reports preliminary 2023 same property NOI up ~6% YoY; net loss estimated at $906M-$1.08B

Blackstone Real Estate Income Trust, Inc.

2023-FY EPS reported -$0.16 revenue$8,934,405,000

Same property NOI attributable to BREIT stockholders estimated at $3.24B-$3.52B for 2023, a ~6% increase YoY (midpoint).
Estimated GAAP net loss for 2023 ranges from $906M to $1.08B, compared to $1.08B net loss in 2022.
Reconciliation includes adjustments for depreciation ($3.81B), management fee ($839M), and net gain on dispositions ($1.84B-$2.03B).
NOI from unconsolidated entities estimated at $770M-$851M; NOI attributable to non-controlling interests $425M-$470M.
Audit not yet completed; results are preliminary and subject to adjustment.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Blackstone Real Estate Income Trust, Inc. reported preliminary financial results for the year ended December 31, 2023.

Period: the year ended December 31, 2023
Result: preliminary results

Exact text from the filing

On January 24, 2024, Blackstone Real Estate Income Trust, Inc., a Maryland corporation ("BREIT" or the “Company”), announced preliminary estimated unaudited same property net operating income (“NOI”) for the year ended December 31, 2023.

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Blackstone Real Estate Income Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001662972-24-000006

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