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BREIT Reports Negative Total Return in September

BREIT Reports Negative Total Return in September. Alternative investments, Blackstone, Blackstone REIT, investment, NAV, net asset value, real estate, real estate investment trust, Realty Income Corporation, redemptions, REIT, share, shareholders
BREIT Reports Negative Total Return in September. Alternative investments, Blackstone, Blackstone REIT, investment, NAV, net asset value, real estate, real estate investment trust, Realty Income Corporation, redemptions, REIT, share, shareholders

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 Sept. 30, 2023.

Class S shares had an NAV per share of $14.80, compared to $14.88 as of Aug. 31, 2023. The total return for Class S shares in September 2023 was negative 0.2% (not annualized).

Class I shares had an NAV per share of $14.81, compared to $14.89 the previous month. The total return for Class I shares was negative 0.2% (not annualized).

Class T shares had an NAV per share of $14.58, compared to $14.66 the month prior. The total return for Class T shares was negative 0.2% (not annualized).

Class D shares had an NAV per share of $14.48, compared to $14.56 previous month. The total return was negative 0.2% (not annualized).

Class C shares had an NAV per share of $15.30, compared to $15.33 previous month. The total return was negative 0.1% (not annualized).

The company had nearly 4.5 billion shares outstanding as of Sept. 30, 2023.

As The DI Wire previously reported, BREIT also recently announced that they received redemption requests totaling approximately $2.1 billion in September.

Blackstone Real Estate Income Trust’s initial offering launched in August 2016 and the company had received net proceeds of $72.8 billion from selling shares of its common stock via three public offerings as of June 30, 2023. The current offering has raised $12.5 billion, including shares issued pursuant to its distribution reinvestment plan, as of Sept. 19, 2023. Its aggregate NAV is currently $66.6 billion.

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