earnings
confidence high
sentiment positive
materiality 0.65
BREIT reports preliminary Q1 2024 same property NOI up ~4% YoY; net loss narrows to ~$170M
Blackstone Real Estate Income Trust, Inc.
2024-Q1 EPS reported
-$0.03
revenue$2,188,914,000
- Same property NOI attributable to stockholders estimated $1,277M–$1,343M vs $1,260M in Q1 2023, a ~4% increase.
- Preliminary net loss estimated $162M–$179M, compared to net loss of $692M in Q1 2023.
- Results are preliminary, unaudited, and subject to adjustment upon completion of financial statement review.
- Property operating metric excludes acquisitions, dispositions, development, and redevelopment properties.