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:   2024-01-25T23:59:59+00:00
Accession:  0001662972-24-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662972/000166297224000006/0001662972-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662972/000166297224000006/breit-20240124.htm
  HTML page:      https://secwatch.observer/filing/0001662972-24-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer