Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Summary of Total Assets and Financial Results by Segment

The following table sets forth the total assets by segment as of September 30, 2017 ($ in thousands):  

	September 30, 2017
Multifamily	$	1,588,958
Industrial		524,988
Hotel		200,301
Retail		55,644
Real Estate-Related Securities		646,373
Other (Corporate)		111,205
Total assets	$	3,127,469

The following table sets forth the financial results by segment for the three months ended September 30, 2017 ($ in thousands):  

	Multifamily		Industrial		Hotel		Retail		Real Estate- Related Securities		Total
Revenues:
Rental revenue	$	24,911	$	7,737	$	—	$	951	$	—	$	33,599
Tenant reimbursement income		964		2,036		—		230		—		3,230
Hotel revenue		—		—		9,874		—		—		9,874
Other revenue		2,182		7		—		12		—		2,201
Total revenues		28,057		9,780		9,874		1,193		—		48,904
Expenses:
Rental property operating		12,588		3,029		—		321		—		15,938
Hotel operating		—		—		6,668		—		—		6,668
Total expenses		12,588		3,029		6,668		321		—		22,606
Income from real estate-related securities		—		—		—		—		4,026		4,026
Segment net operating income	$	15,469	$	6,751	$	3,206	$	872	$	4,026	$	30,324
Depreciation and amortization	$	32,606	$	5,408	$	1,862	$	483	$	—	$	40,359
Other income (expense):
General and administrative												(1,716	)
Management fee												(3,712	)
Performance participation allocation												(5,711	)
Interest income												36
Interest expense												(10,866	)
Other expenses												(27	)
Income tax benefit												184
Net loss											$	(31,847	)
Net loss attributable to non-controlling interests												122
Net loss attributable to BREIT stockholders											$	(31,725	)

The following table sets forth the financial results by segment for the nine months ended September 30, 2017 ($ in thousands):  

	Multifamily		Industrial		Hotel		Retail		Real Estate- Related Securities		Total
Revenues:
Rental revenue	$	39,466	$	14,357	$	—	$	1,904	$	—	$	55,727
Tenant reimbursement income		1,472		3,703		—		328		—		5,503
Hotel revenue		—		—		15,048		—		—		15,048
Other revenue		3,385		6		—		18		—		3,409
Total revenues		44,323		18,066		15,048		2,250		—		79,687
Expenses:
Rental property operating		19,473		5,664		—		495		—		25,632
Hotel operating		—		—		9,617		—		—		9,617
Total expenses		19,473		5,664		9,617		495		—		35,249
Income from real estate-related securities		—		—		—		—		7,435		7,435
Segment net operating income	$	24,850	$	12,402	$	5,431	$	1,755	$	7,435	$	51,873
Depreciation and amortization	$	51,205	$	9,852	$	3,119	$	969	$	—	$	65,145
Other income (expense):
General and administrative												(5,969	)
Management fee												(3,712	)
Performance participation allocation												(10,952	)
Interest income												418
Interest expense												(16,413	)
Other expenses												(55	)
Income tax benefit												140
Net loss											$	(49,815	)
Net loss attributable to non-controlling interests												122
Net loss attributable to BREIT stockholders											$	(49,693	)