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:   2025-04-17T23:59:59+00:00
Accession:  0001662972-25-000050
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Blackstone Real Estate Income Trust Q1 same property NOI up ~4% YoY; net loss widens to ~$1.8B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662972/000166297225000050/0001662972-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662972/000166297225000050/breit-20250416.htm
  HTML page:      https://secwatch.observer/filing/0001662972-25-000050

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