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:   2025-05-08T23:59:59+00:00
Accession:  0001662972-25-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

BREIT Q1 2025 Class I net return +1.9%, same-property NOI growth estimated 4%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662972/000166297225000062/0001662972-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662972/000166297225000062/breit-20250507.htm
  HTML page:      https://secwatch.observer/filing/0001662972-25-000062

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