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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Total revenues $ 2,273,055 $ 1,723,001 $ 4,560,995 $ 3,242,066
Expenses        
Operating expenses 1,044,599 785,411 2,070,611 1,455,861
General and administrative 17,122 11,753 34,298 24,859
Management fee 213,365 212,628 434,503 401,778
Performance participation allocation 0 211,597 0 623,166
Impairment of investments in real estate 105,216 0 117,715 0
Depreciation and amortization 987,636 958,349 1,987,021 1,873,400
Total expenses 2,367,938 2,179,738 4,644,148 4,379,064
Other income (expense)        
Income (loss) from unconsolidated entities 89,966 (59,714) 534,624 124,511
Income (loss) from investments in real estate debt 251,278 (141,381) 404,749 (159,750)
Change in net assets of consolidated securitization vehicles 62,685 (43,934) 91,939 (59,609)
Income (loss) from interest rate derivatives 536,236 632,846 (84,014) 1,308,636
Net gain on dispositions of real estate 668,824 217,152 789,827 422,414
Interest expense (813,391) (434,529) (1,613,400) (780,788)
Loss on extinguishment of debt (3,283) (8,794) (8,541) (7,399)
Other income (expense) 11,518 (322,817) (15,542) (425,504)
Total other income (expense) 803,833 (161,171) 99,642 422,511
Net income (loss) 708,950 (617,908) 16,489 (714,487)
Net loss attributable to non-controlling interests in third party joint ventures 69,255 37,284 143,613 81,539
Net (income) loss attributable to non-controlling interests in BREIT OP unit holders (23,271) 11,614 (6,223) 12,270
Net income (loss) attributable to BREIT stockholders $ 754,934 $ (569,010) $ 153,879 $ (620,678)
Net (loss) income per share of common stock — basic (in dollars per share) $ 0.17 $ (0.13) $ 0.03 $ (0.15)
Net (loss) income per share of common stock — diluted (in dollars per share) $ 0.17 $ (0.13) $ 0.03 $ (0.15)
Weighted-average shares of common stock outstanding, basic (in shares) 4,529,016 4,383,507 4,595,291 4,193,353
Weighted-average shares of common stock outstanding, diluted (in shares) 4,529,016 4,383,507 4,595,291 4,193,353
Rental revenue        
Revenues        
Total revenues $ 1,944,641 $ 1,449,093 $ 3,932,706 $ 2,752,813
Expenses        
Operating expenses 897,010 649,599 1,789,199 1,216,586
Hospitality        
Revenues        
Total revenues 217,744 197,652 418,965 344,897
Expenses        
Operating expenses 147,589 135,812 281,412 239,275
Other revenue        
Revenues        
Total revenues $ 110,670 $ 76,256 $ 209,324 $ 144,356