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Blackstone Real Estate Income Trust (BSTT) guidance and outlook

Blackstone Real Estate Income Trust's 10-Q filed Nov 6, 2026 makes 13 forward-looking statements.

Guidance and outlook

Forward-looking statements, 10-Q filed Nov 6, 2026

• We determined that the disposition did not represent a strategic shift that has had, or is expected to have, a major effect on our operations or financial results, and therefore, did not meet the criteria to be classified as discontinued operations.
• BREIT OP has primarily used the net proceeds to make investments in real estate and real estate debt and for other general corporate purposes (including to fund repurchase requests under our share repurchase plan (the “Share Repurchase Plan”) from time to time) as further described below under “Investment Portfolio.” We intend to continue selling shares of our common stock on a monthly basis through our…
• Under the DST Program, each DST Property may be sourced from our real properties or acquired from third parties, will be held in a separate DST, and will be leased by the DST to a wholly-owned subsidiary of BREIT OP under a master lease agreement.
• Our bad debt reserve represents the amount of rental revenue we anticipate we will not be able to collect from our tenants.
• However, we believe that the value of our real estate investments will fluctuate over time based on market conditions and, as such, depreciation under historical cost accounting may be less informative as a measure of our performance.
• Further, FFO, AFFO, and FAD are not intended to be used as liquidity measures indicative of cash flow available to fund our cash needs, including our ability to make distributions to our stockholders.
• Other capital expenditures exclude projects that we believe will enhance the value of our investments.
• The calculation of our NAV is intended to be a calculation of the fair value of our assets less our outstanding liabilities as described below and differs materially from the book value of our equity reflected in our financial statements.
• • Consolidated properties are initially valued at cost, which we expect to represent fair value at the time of acquisition.
• For the purposes of allocating any change in our aggregate NAV, Class S will be combined with Class S-2, Class T will be combined with T-2, and Class D will be combined with D-2 when allocating changes on a relative percentage of the aggregate NAV.
• We also expect $0.1 billion of net proceeds from dispositions under contract where we have received a non-refundable deposit as of November 5, 2026.
• In addition, we may have other funding obligations, which we expect to satisfy with the cash flows generated from our investments and our capital resources described above.

Blackstone Real Estate Income Trust's latest quarter

Questions

What does Blackstone Real Estate Income Trust expect?

We determined that the disposition did not represent a strategic shift that has had, or is expected to have, a major effect on our operations or financial results, and therefore, did not meet the criteria to be classified as discontinued operations. BREIT OP has primarily used the net proceeds to make investments in real estate and real estate debt and for other general corporate purposes (including to fund repurchase requests under our share repurchase plan (the “Share Repurchase Plan”) from time to time) as further described below under “Investment Portfolio.” We intend to continue selling s

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.