{"schema_version":"secwatch.filing_event.v1","accession":"0001662972-25-000062","form_type":"8-K","ticker":"BSTT","cik":"0001662972","company_name":"Blackstone Real Estate Income Trust, Inc.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.255381+00:00","generated_at":"2026-05-22T04:43:01.769548+00:00","sec_items":["2.02","7.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"medium","headline":"BREIT Q1 2025 Class I net return +1.9%, same-property NOI growth estimated 4%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001662972-25-000062","json":"https://secwatch.observer/filing/0001662972-25-000062.json","markdown":"https://secwatch.observer/filing/0001662972-25-000062.md","text":"https://secwatch.observer/filing/0001662972-25-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1662972/000166297225000062/0001662972-25-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1662972/000166297225000062/breit-20250507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T04:43:01.769548+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"}