---
schema_version: "secwatch.filing_event.v1"
accession: "0001662972-25-000099"
form_type: "8-K"
ticker: "BSTT"
cik: "0001662972"
company_name: "Blackstone Real Estate Income Trust, Inc."
filed_at: "2025-07-24T23:59:59+00:00"
generated_at: "2026-05-18T02:23:11.899870+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BREIT preliminary H1 2025 same property NOI up >3%; net loss ~$2.4B

## Summary
- H1 2025 same property NOI attributable to BREIT stockholders estimated $2.43B–$2.55B, up >3% YoY.
- Preliminary net loss for H1 2025 estimated between $2.35B and $2.47B, vs $0.75B net loss in H1 2024.
- Key reconciling items: depreciation & amortization $1.59B–$1.68B, interest expense $1.50B–$1.58B.
- Data is preliminary unaudited; review not completed and Deloitte has not performed procedures on estimates.
- Same property NOI excludes non-same property NOI of $231M–$243M and other adjustments.

## SEC filing metadata
- accession: 0001662972-25-000099
- form_type: 8-K
- ticker: BSTT
- cik: 0001662972
- company_name: Blackstone Real Estate Income Trust, Inc.
- filed_at: 2025-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662972/000166297225000099/0001662972-25-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662972/000166297225000099/breit-20250723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001662972-25-000099
- JSON: https://secwatch.observer/filing/0001662972-25-000099.json
- Plain text: https://secwatch.observer/filing/0001662972-25-000099.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.