---
schema_version: "secwatch.filing_event.v1"
accession: "0001662972-26-000015"
form_type: "8-K"
ticker: "BSTT"
cik: "0001662972"
company_name: "Blackstone Real Estate Income Trust, Inc."
filed_at: "2026-01-29T23:59:59+00:00"
generated_at: "2026-05-16T06:28:03.906913+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BREIT reports preliminary same property NOI up ~3% YoY; GAAP net loss widens to ~$3.6B

## Summary
- Same property NOI attributable to BREIT stockholders estimated at $4.61B-$4.84B for 2025, up ~3% from 2024's $4.61B.
- Estimated GAAP net loss for 2025 is $3.54B-$3.72B, compared to $0.98B net loss in 2024.
- Adjustments include $671M management fee, $578M-$608M performance participation, $594M-$625M impairment, $3.1B-$3.3B depreciation.
- Results are preliminary, unaudited, and subject to change upon completion of the audit by Deloitte & Touche LLP.

## SEC filing metadata
- accession: 0001662972-26-000015
- form_type: 8-K
- ticker: BSTT
- cik: 0001662972
- company_name: Blackstone Real Estate Income Trust, Inc.
- filed_at: 2026-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662972/000166297226000015/0001662972-26-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662972/000166297226000015/breit-20260128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001662972-26-000015
- JSON: https://secwatch.observer/filing/0001662972-26-000015.json
- Plain text: https://secwatch.observer/filing/0001662972-26-000015.txt

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