BREIT Reports Higher Monthly NAV Per Share for June

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 June 30, 2023.

Class S shares had an NAV per share of $14.68, compared to $14.59 as of June 30, 2023. The total return for Class S shares in June 2023 was 0.9% (not annualized).

Class I shares had an NAV per share of $14.69, compared to $14.60 the previous month. The total return for Class I shares was 1.0% (not annualized).

Class T shares had an NAV per share of $14.45, compared to $14.37 the month prior. The total return for Class T shares was 0.9% (not annualized).

Class D shares had an NAV per share of $14.36, compared to $14.28 previous month. The total return was 0.9% (not annualized).

Class C shares had an NAV per share of $15.00, compared to $14.86 previous month. The total return was 1.0% (not annualized).

The company had nearly 4.6 billion shares outstanding as of June 30, 2023.

As The DI Wire previously reported, BREIT received redemption requests totaling $3.8 billion in June, which the company says is 29% lower than the peak in January 2023 and the lowest month of repurchase requests this year.

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.

Click here to visit The DI Wire directory page.