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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Total revenues $ 8,934,405 $ 7,646,378 $ 3,696,671
Expenses      
Operating expenses 4,131,614 3,425,804 1,508,715
General and administrative 69,176 52,652 32,046
Management fee 839,237 837,687 445,291
Performance participation allocation 0 742,670 1,378,959
Impairment of investments in real estate 236,071 33,554 0
Depreciation and amortization 3,811,218 4,098,366 1,919,932
Total expenses 9,087,316 9,190,733 5,284,943
Other income (expense)      
Income from unconsolidated entities 119,941 182,249 205,980
Loss From Investment In Real Estate Debt 798,164 (167,083) 346,984
Change in net assets of consolidated securitization vehicles 191,703 (42,119) 106,240
(Loss) income from interest rate derivatives (755,519) 2,566,720 49,329
Net gain on dispositions of real estate 1,935,021 808,846 7,881
Interest expense, net (3,072,741) (2,307,515) (847,440)
Loss on extinguishment of debt (40,300) (11,476) (16,331)
Other (expense) income (3,319) (565,575) 899,465
Total other income (expense) (827,050) 464,047 752,108
Net loss (979,961) (1,080,308) (836,164)
Net loss attributable to non-controlling interests in third party joint ventures 247,989 173,109 22,090
Net loss attributable to non-controlling interests in BREIT OP unit holders 40,150 23,680 9,291
Net loss attributable to BREIT stockholders $ (691,822) $ (883,519) $ (804,783)
Net income (loss) per share of common stock — basic (in dollars per share) $ (0.16) $ (0.20) $ (0.30)
Net income (loss) per share of common stock — diluted (in dollars per share) $ (0.16) $ (0.20) $ (0.30)
Weighted-average shares of common stock outstanding, basic (in shares) 4,409,879 4,334,100 2,645,228
Weighted-average shares of common stock outstanding, diluted (in shares) 4,409,879 4,334,100 2,645,228
Rental revenue      
Revenues      
Total revenues $ 7,816,240 $ 6,564,119 $ 3,140,528
Expenses      
Operating expenses 3,652,121 2,916,936 1,192,571
Hospitality      
Revenues      
Total revenues 694,491 721,654 412,338
Expenses      
Operating expenses 479,493 508,868 316,144
Other revenue      
Revenues      
Total revenues $ 423,674 $ 360,605 $ 143,805