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Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Class S
Common Stock
Class I
Common Stock
Class T
Common Stock
Class D
Common Stock
Class C
Common Stock Including Additional Paid in Capital
Class I
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit and Cumulative Distributions
Non-controlling Interests
Non-controlling Interests
Non- controlling Interests Attributable to BREIT OP Unitholders
Non-controlling Interests
Non- controlling Interests Attributable to Third Party Joint Ventures
Beginning Balance at Dec. 31, 2023 $ 43,622,494 $ 36,350,567 $ 14,882 $ 24,030 $ 592 $ 1,548 $ 21   $ 48,576,100 $ 345,975 $ (12,612,581)   $ 2,562,306 $ 4,709,621
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Common stock issued (transferred) 448,347 448,347 27 172 (22) 2 1   448,167          
Reduction in accrual for offering costs, net 30,523 30,523             30,523          
Distribution reinvestment 314,729 290,030 75 118 4 9     289,824       24,699  
Common stock/units repurchased (2,916,878) (2,907,131) (610) (1,382) (23) (46)     (2,905,070)       (9,747)  
Amortization of compensation awards 21,587 18,883           $ 189 18,694       2,704  
Net loss (169,183) (133,013)                 (133,013)   (5,384) (30,786)
Other comprehensive (loss) income 134,415 102,233               102,233     5,499 26,683
Distributions declared on common stock and OP units (649,482) (613,610)                 (613,610)   (35,872)  
Contributions from non-controlling interests 354,897                       225,810 129,087
Operating distributions to and redemptions of non-controlling interests (35,147)                         (35,147)
Capital distributions to and redemptions of non-controlling interests (158,518) (101,109)             (101,109)         (57,409)
Allocation to redeemable non-controlling interests 876 876             876          
Ending Balance at Mar. 31, 2024 40,998,660 33,486,596 14,374 23,127 551 1,513 22   46,358,005 448,208 (13,359,204)   2,770,015 4,742,049
Beginning Balance at Dec. 31, 2024 34,694,130 27,353,907 13,395 21,651 439 1,389 28   42,781,930 383,272 (15,848,197)   2,964,555 4,375,668
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Common stock issued (transferred) 521,560 521,560 30 219 (19) 8 1   521,321          
Reduction in accrual for offering costs, net 33,779 33,779             33,779          
Distribution reinvestment 301,259 267,516 72 112 3 8     267,321       33,743  
Common stock/units repurchased (2,133,251) (2,124,829) (503) (970) (16) (57)     (2,123,283)       (8,422)  
Amortization of compensation awards 20,082 20,082           $ 201 19,881          
Net loss (1,838,897) (1,696,637)                 (1,696,637)   (122,475) (19,785)
Other comprehensive (loss) income (105,124) (76,627)               (76,627)     (5,318) (23,179)
Distributions declared on common stock and OP units (598,557) (556,230)                 (556,230)   (42,327)  
Contributions from non-controlling interests 187,585                       169,014 18,571
Operating distributions to and redemptions of non-controlling interests (36,292)                         (36,292)
Capital distributions to and redemptions of non-controlling interests (31,230)                     $ (31,230)    
Allocation to redeemable non-controlling interests (846) (846)             (846)          
Ending Balance at Mar. 31, 2025 $ 31,014,198 $ 23,741,675 $ 12,994 $ 21,213 $ 407 $ 1,348 $ 29   $ 41,500,103 $ 306,645 $ (18,101,064)   $ 2,988,770 $ 4,283,753