---
schema_version: "secwatch.filing_event.v1"
accession: "0001662972-24-000006"
form_type: "8-K"
ticker: "BSTT"
cik: "0001662972"
company_name: "Blackstone Real Estate Income Trust, Inc."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:21:54.229141+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001662972-24-000006
- form_type: 8-K
- ticker: BSTT
- cik: 0001662972
- company_name: Blackstone Real Estate Income Trust, Inc.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662972/000166297224000006/0001662972-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662972/000166297224000006/breit-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001662972-24-000006
- JSON: https://secwatch.observer/filing/0001662972-24-000006.json
- Plain text: https://secwatch.observer/filing/0001662972-24-000006.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662972/000166297224000006/0001662972-24-000006-index.htm

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