Blackstone REIT Files 8-K for Regulation FD Disclosure
Ticker: BSTT · Form: 8-K · Filed: Oct 30, 2024 · CIK: 1662972
Sentiment: neutral
Topics: disclosure, regulation-fd
TL;DR
Blackstone REIT dropped an 8-K today for a Reg FD disclosure - check for updates.
AI Summary
Blackstone Real Estate Income Trust, Inc. filed an 8-K on October 30, 2024, to report a Regulation FD Disclosure. The filing does not contain specific financial figures or transactional details within the provided text, but indicates a disclosure event occurred on this date.
Why It Matters
This filing signals a material event or disclosure by Blackstone Real Estate Income Trust, Inc. that is being communicated to the public under Regulation FD.
Risk Assessment
Risk Level: low — The filing is a standard disclosure form without immediate negative or positive financial implications presented in the text.
Key Players & Entities
- Blackstone Real Estate Income Trust, Inc. (company) — Registrant
- 345 Park Avenue (location) — Principal Executive Offices
- New York (location) — City of Principal Executive Offices
- NY (location) — State of Principal Executive Offices
- 10154 (location) — Zip Code of Principal Executive Offices
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report a Regulation FD Disclosure made by Blackstone Real Estate Income Trust, Inc.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported in this filing is October 30, 2024.
What is the company's full legal name as specified in its charter?
The company's full legal name as specified in its charter is Blackstone Real Estate Income Trust, Inc.
In which state was Blackstone Real Estate Income Trust, Inc. incorporated?
Blackstone Real Estate Income Trust, Inc. was incorporated in Maryland.
What is the Commission File Number for this registrant?
The Commission File Number for Blackstone Real Estate Income Trust, Inc. is 000-55931.
Filing Stats: 4,558 words · 18 min read · ~15 pages · Grade level 10.3 · Accepted 2024-10-30 17:00:26
Key Financial Figures
- $30B — luding BREIT, has invested or committed~$30B of equity in the last twelve months glo
- $1.5 — ta center customers plan to invest over $1.5T in data infrastructure over the next f
- $22B — wing QTS's powered land each year, with $22B+ of construction in progress and $70B+
- $70B — h $22B+ of construction in progress and $70B+ in additional future development poten
- $10M — ansaction volume for transactions above $10M. 9. Reflects equity deployed and commi
Filing Documents
- breit-20241030.htm (8-K) — 82KB
- 0001662972-24-000146.txt ( ) — 205KB
- breit-20241030.xsd (EX-101.SCH) — 2KB
- breit-20241030_lab.xml (EX-101.LAB) — 19KB
- breit-20241030_pre.xml (EX-101.PRE) — 11KB
- breit-20241030_htm.xml (XML) — 2KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. A summary of a presentation providing certain information regarding Blackstone Real Estate Income Trust, Inc., a Maryland corporation ("BREIT" or the "Company"), is set forth below in this Current Report on Form 8-K (the "Current Report") under this Item 7.01. In addition, the Company has posted the full presentation on its website at www.breit.com under "For Stockholders" in the "Resources" section. References herein to "we," "us" or "our" refer to the Company and its subsidiaries unless the context specifically requires otherwise. BREIT Q3 2024 Update We are proud of BREIT's performance and positioning as the real estate market enters its recovery phase. BREIT has delivered a +2.4% Class I return YTD and a +9.8% Class I annualized net return since inception, ~50% higher than publicly traded REITs and ~3x the return of private real estate. 1,2 While our third quarter performance was flat, BREIT's net return would have been +2.3% before the impact of our fixed rate debt hedges, which is reflective of strengthening real estate values. We believe BREIT's outperformance since inception is grounded in Blackstone's proven track record of leveraging our proprietary insights to spot trends ahead of the curve. At Blackstone, we began investing in data centers before the rise of AI, started acquiring warehouses in 2010 in the early days of the shift to e-commerce, and rotated out of office before the drop off in secular demand. Today, these same proprietary insights which have powered our performance are telling us to get off the sidelines and that now is the time for private real estate. Why private real estate now? After two challenging years, private real estate values have bottomed in our key sectors and have increased every quarter since the end of 2023. 4 The public real estate market has also rallied sharply, reflecting broad-based improving sentiment. History tells us that real estate has outperformed at this point in prior c