BREIT Reports Higher Monthly NAV Per Share for July, Total Monthly Return of 1.2%

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 July 31, 2023.

Class S shares had an NAV per share of $14.80, compared to $14.68 as of July 31, 2023. The total return for Class S shares in June 2023 was 1.2% (not annualized).

Class I shares had an NAV per share of $14.81, compared to $14.69 the previous month. The total return for Class I shares was 1.2% (not annualized).

Class T shares had an NAV per share of $14.58, compared to $14.45 the month prior. The total return for Class T shares was 1.2% (not annualized).

Class D shares had an NAV per share of $14.48, compared to $14.36 previous month. The total return was 1.2% (not annualized).

Class C shares had an NAV per share of $15.19, compared to $15.00 previous month. The total return was 1.2% (not annualized).

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

As The DI Wire previously reported, BREIT also recently announced an agreement to sell Simply Self Storage for $2.2 billion.

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 June 30, 2023, its aggregate NAV was $67.8 billion.

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