earnings
confidence high
sentiment neutral
materiality 0.50
BREIT preliminary 9M 2026: same property NOI up ~3% YoY, net loss narrows to ~$1.15B from $3.12B
Blackstone Real Estate Income Trust, Inc.
- Preliminary same property NOI attributable to BREIT stockholders estimated at $3.46B-$3.64B for 9M 2026 vs $3.44B actual in 9M 2025, up ~3% at the midpoint.
- Estimated net loss of $1.12B-$1.18B, narrowing from a $3.12B loss a year earlier; income from interest rate derivatives swung to ~$72M from a $758M loss.
- Impairments of investments in real estate estimated at $703M-$739M vs $369M in 9M 2025; net gain on dispositions $1.18B-$1.24B vs $933M.
- Performance participation allocation rose to $562.8M from $355.0M and management fee to $530.1M from $502.1M; interest expense, net fell to $1.93B-$2.03B from $2.31B.
- Deloitte & Touche has not audited, reviewed or compiled the preliminary data; BREIT warns actual results may differ materially once its 9M review is complete.