BREIT NAV Per Share Ticks Up in May

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 May 31, 2023.

Class S shares had an NAV per share of $14.59, compared to $14.55 as of May 31, 2023. The total return for Class S shares in May 2023 was 0.6% (not annualized).

Class I shares had an NAV per share of $14.60, compared to $14.56 the previous month. The total return for Class I shares was 0.7% (not annualized).

Class T shares had an NAV per share of $14.37, compared to $14.33 the month prior. The total return for Class T shares was 0.6% (not annualized).

Class D shares had an NAV per share of $14.28, compared to $14.24 previous month. The total return was 0.7% (not annualized).

Class C shares had an NAV per share of $14.86, compared to $14.76 previous month. The total return was 0.7% (not annualized).

The company had nearly 4.6 billion shares outstanding as of May 31, 2023.

As The DI Wire previously reported, Ryman Hospitality Properties Inc. announced the company will purchase the JW Marriott San Antonio Hill Country Resort & Spa in San Antonio, Texas for $800 million from BREIT.

Blackstone Real Estate Income Trust’s initial offering launched in August 2016 and has raised approximately $60 billion in three public offerings as of June 2022. The current offering has raised $6.6 billion, and as of April 30, 2023, its aggregate NAV was $69.7 billion.

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