{"schema_version":"secwatch.filing_event.v1","accession":"0001662972-25-000050","form_type":"8-K","ticker":"BSTT","cik":"0001662972","company_name":"Blackstone Real Estate Income Trust, Inc.","filed_at":"2025-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.254931+00:00","generated_at":"2026-05-23T11:57:13.262673+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Blackstone Real Estate Income Trust Q1 same property NOI up ~4% YoY; net loss widens to ~$1.8B","bullets":["Same property NOI attributable to stockholders est. $1.245B–$1.309B vs $1.231B in Q1 2024, ~4% increase.","Estimated net loss for Q1 2025 ranges from $1.803B to $1.895B, compared to $170M net loss in Q1 2024.","Large non-cash charges include depreciation $806M–$848M, loss from unconsolidated entities $746M–$784M, and interest expense $747M–$785M.","Management fee stable at $168M vs $187M in prior year period.","Data is preliminary and unaudited; final results may differ materially after completion of review."],"urls":{"canonical":"https://secwatch.observer/filing/0001662972-25-000050","json":"https://secwatch.observer/filing/0001662972-25-000050.json","markdown":"https://secwatch.observer/filing/0001662972-25-000050.md","text":"https://secwatch.observer/filing/0001662972-25-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1662972/000166297225000050/0001662972-25-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1662972/000166297225000050/breit-20250416.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T11:57:13.262673+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}