earnings
confidence medium
sentiment positive
materiality 0.65
BREIT Q1 2025 Class I net return +1.9%, same-property NOI growth estimated 4%
Blackstone Real Estate Income Trust, Inc.
2025-Q1 EPS reported
-$0.47
revenue$2,055,172,000
- Q1 2025 Class I net return of +1.9%, best quarter since Q3 2023.
- Estimated same-property NOI growth of 4% year-over-year for Q1 2025.
- Since inception (Jan 2017), annualized Class I net return of 9.4%.
- Portfolio ~90% concentrated in rental housing, industrial, and data centers; QTS data center platform has $25B+ development pipeline 100% pre-leased.
- Market rents 12% above in-place rents across portfolio, providing embedded growth potential.