BREIT Reports Negative Total Return in September

Blackstone Real Estate Income Trust, a publicly registered non-traded REIT sponsored by private equity giant The Blackstone Group (NYSE: BX), updated the monthly net asset values for its Class S, Class I, Class D and Class T shares of common stock, as of Sept. 30, 2023.

Class S shares had an NAV per share of $14.80, compared to $14.88 as of Aug. 31, 2023. The total return for Class S shares in September 2023 was negative 0.2% (not annualized).

Class I shares had an NAV per share of $14.81, compared to $14.89 the previous month. The total return for Class I shares was negative 0.2% (not annualized).

Class T shares had an NAV per share of $14.58, compared to $14.66 the month prior. The total return for Class T shares was negative 0.2% (not annualized).

Class D shares had an NAV per share of $14.48, compared to $14.56 previous month. The total return was negative 0.2% (not annualized).

Class C shares had an NAV per share of $15.30, compared to $15.33 previous month. The total return was negative 0.1% (not annualized).

The company had nearly 4.5 billion shares outstanding as of Sept. 30, 2023.

As AltsWire previously reported, BREIT also recently announced that they received redemption requests totaling approximately $2.1 billion in September.

Blackstone Real Estate Income Trust’s initial offering launched in August 2016 and the company had received net proceeds of $72.8 billion from selling shares of its common stock via three public offerings as of June 30, 2023. The current offering has raised $12.5 billion, including shares issued pursuant to its distribution reinvestment plan, as of Sept. 19, 2023. Its aggregate NAV is currently $66.6 billion.

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