Quarterly ResultMay 8, 2026, 04:38 PM
Blackstone REIT Q1 Net Loss Narrows to $385.5M; Assets Decline
AI Summary
Blackstone Real Estate Income Trust reported a net loss of $(385.5) million for the first quarter of 2026, a substantial improvement compared to a net loss of $(1,839.8) million in the same period last year. Despite the improved net loss, total assets decreased to $93.6 billion from $98.6 billion, and total liabilities also saw a reduction. The company experienced a decrease in total revenues but a significant increase in net gain from real estate dispositions.
Key Highlights
- Net loss for Q1 2026 was $(385.5) million, a significant improvement from $(1,839.8) million in Q1 2025.
- Net loss per share was $(0.10), improving from $(0.47) in the prior year period.
- Total assets decreased to $93.6 billion as of March 31, 2026, from $98.6 billion at December 31, 2025.
- Total liabilities decreased to $67.9 billion as of March 31, 2026, from $71.9 billion at December 31, 2025.
- Total revenues for Q1 2026 were $1.94 billion, down from $2.06 billion in Q1 2025.
- Net gain on real estate dispositions increased to $462.5 million from $135.9 million year-over-year.
- Net cash provided by investing activities rose to $4.27 billion from $1.26 billion.
- Net cash used in financing activities increased to $(5.03) billion from $(1.66) billion.