Blackstone's BREIT Announces November Share Prices and Portfolio Performance Updates

BREIT releases updated NAV and repurchase prices while maintaining a diversified real estate portfolio.

October 17, 2024

Share Prices and Net Asset Value (NAV)

Blackstone Real Estate Income Trust (BREIT) has disclosed the updated net asset value (NAV) per share as of September 30, 2024. Class I shares are priced at $13.94, with Class S shares closely following at $13.93. The total NAV for the Trust reached $55.2 billion, reflecting its diverse real estate investments across various asset classes. BREIT continues to position itself as a key player in real estate, supported by a large-scale portfolio valued at over $105 billion.

Investors can take advantage of these updated share prices and repurchase opportunities. The pricing includes minor adjustments based on upfront commissions and fees applicable to certain share classes, such as Class S and Class D shares. BREIT's transaction prices for November 2024 reflect its efforts to offer competitive repurchase options while preserving capital for future investments.

Investment Strategy and Returns

BREIT's investments span multiple real estate sectors, including rental housing, industrial properties, and net lease assets, ensuring consistent portfolio diversification. The Trust's strategy includes a significant portion allocated to real estate debt and unconsolidated entities, showcasing its approach to risk management and returns.

Despite recent market volatility, BREIT reported minimal returns for September 2024 across its various share classes. While performance has remained stable, the Trust is focused on preparing for year-end evaluations and updates that will further inform shareholders of its strategic direction. The upcoming public offerings and continuous portfolio assessments underscore BREIT's commitment to growth and long-term value for investors.