XML 45 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Total revenues $ 674,882 $ 297,091
Expenses    
Operating expenses 267,694 139,131
General and administrative 27,910 3,181
Management fee 49,502 17,177
Performance participation allocation 0 20,163
Depreciation and amortization 328,805 139,479
Total expenses 673,911 319,131
Other income (expense)    
Income from unconsolidated entities 13,269  
Income (loss) from investments in real estate debt (1,016,147) 61,683
Net gain on disposition of real estate 371 0
Interest income 1,747 194
Interest expense (188,504) (91,587)
Loss on extinguishment of debt (1,237) 0
Other income (expense) (27,620) 1,654
Total other income (expense) (1,218,121) (28,056)
Net loss (1,217,150) (50,096)
Net loss attributable to non-controlling interests in third party joint ventures 237 2,036
Net loss attributable to non-controlling interests in BREIT OP 16,826 1,214
Net loss attributable to BREIT stockholders $ (1,200,087) $ (46,846)
Net loss per share of common stock — basic and diluted $ (0.86) $ (0.10)
Weighted-average shares of common stock outstanding, basic and diluted 1,399,514 488,760
Rental [Member]    
Revenues    
Total revenues $ 532,095 $ 212,197
Expenses    
Operating expenses 168,388 87,811
Hotel [Member]    
Revenues    
Total revenues 127,472 75,266
Expenses    
Operating expenses 99,306 51,320
Other Revenue [Member]    
Revenues    
Total revenues $ 15,315 $ 9,628