Blackstone Real Estate Income Trust, Inc. filed its Form 10-Q with the SEC on November 6, 2026, covering the quarterly period ended September 30, 2026, disclosing a net loss of $296.1 million for the third quarter and $1.147 billion for the nine months ended September 30, 2026.

Key Highlights

  • Net loss for Q3 2026: The company reported a net loss of $296,125 thousand for the three months ended September 30, 2026, compared to a net loss of $713,517 thousand in Q3 2025.
  • Nine-month net loss: For the nine months ended September 30, 2026, the net loss totaled $1,147,833 thousand, compared to $3,122,284 thousand in the same period of 2025.
  • Total assets declined: Total assets were $88,935,802 thousand as of September 30, 2026, down from $98,603,508 thousand as of December 31, 2025.
  • Investments in real estate, net: Reported at $66,966,748 thousand as of September 30, 2026, compared to $73,933,873 thousand at December 31, 2025.
  • Impairment charges: Impairment of investments in real estate was $496,681 thousand in Q3 2026 and $731,148 thousand for the nine months ended September 30, 2026.
  • Total stockholders' equity: Stood at $17,199,397 thousand as of September 30, 2026, down from $19,332,084 thousand at December 31, 2025.
  • Shares outstanding: As of November 6, 2026, Class I shares totaled 2,216,220 thousand and Class S shares totaled 1,090,025 thousand, among multiple share classes outstanding.

Blackstone Real Estate Income Trust Financial Results: Q3 and Nine Months 2026

According to the filing, Blackstone Real Estate Income Trust, Inc. (BREIT), a Maryland corporation headquartered at 345 Park Avenue, New York, NY 10154, has no securities registered under Section 12(b) of the Act and therefore no exchange listing or trading symbol is reported on the cover page of this 10-Q. The company disclosed total revenues of $1,792,424 thousand for Q3 2026, down from $1,943,444 thousand in Q3 2025. For the nine months ended September 30, 2026, total revenues were $5,590,717 thousand, compared to $5,996,997 thousand in the prior-year period.

The filing reports total expenses of $2,447,699 thousand for Q3 2026, including depreciation and amortization of $721,775 thousand, rental property operating expenses of $777,835 thousand, and a performance participation allocation of $163,016 thousand. The company also recorded a net gain on dispositions of real estate of $366,087 thousand in Q3 2026 and $1,221,919 thousand for the nine-month period. Interest expense, net, was $676,137 thousand for Q3 2026 and $1,976,236 thousand for the nine months ended September 30, 2026, according to the filing.

On the balance sheet, the company reported mortgage loans, secured term loans, and secured revolving credit facilities, net, of $51,579,813 thousand as of September 30, 2026, compared to $55,540,761 thousand at December 31, 2025. Total liabilities decreased to $63,777,046 thousand from $71,934,744 thousand at year-end 2025. The accumulated deficit and cumulative distributions widened to $23,855,405 thousand as of September 30, 2026, from $21,313,611 thousand at December 31, 2025. Net loss per share of common stock (basic and diluted) for Class I, Class S, Class S-2, Class D, Class D-2, Class T, Class T-2, and Class C was $(0.05) for Q3 2026 and $(0.26) for the nine months ended September 30, 2026, as reported in the filing.

What Was Disclosed

Blackstone Real Estate Income Trust filed its 10-Q for the period ended September 30, 2026, reporting a nine-month net loss of $1,147,833 thousand, total assets of $88,935,802 thousand, and an accumulated deficit and cumulative distributions of $23,855,405 thousand, with no securities registered on a national exchange.