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Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Thousands
Total
Total Stockholders’ Equity
Common Stock
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 $ 41,073 $ 48,576,100 $ 345,975 $ (12,612,581)   $ 2,562,306 $ 4,709,621
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Common stock issued 1,485,068 1,485,068 537 1,484,531          
Increase /Reduction in accrual for offering costs, net 120,934 120,934   120,934          
Distribution reinvestment 926,801 846,674 601 846,073       80,127  
Common stock/units repurchased (7,964,044) (7,840,582) (5,556) (7,835,026)       (123,462)  
Amortization of compensation awards     565            
Amortization of compensation awards 64,515 56,403   55,838       8,112  
Net loss (1,355,609) (1,257,571)       (1,257,571)   (70,237) (27,801)
Other comprehensive loss (123,406) (91,295)     (91,295)     (6,614) (25,497)
Distributions declared on common stock and OP units (1,891,397) (1,778,620)       (1,778,620)   (112,777)  
Contributions from non-controlling interests 759,674             581,357 178,317
Operating distributions to and redemptions of non-controlling interests (103,812)               (103,812)
Capital distributions to and redemptions of non-controlling interests (396,110) (87,326)   (87,326)         (308,784)
Allocation (to)/ from redeemable non-controlling interests 27,859 27,859   27,859          
Ending Balance at Sep. 30, 2024 35,172,967 27,832,111 37,220 43,188,983 254,680 (15,648,772)   2,918,812 4,422,044
Beginning Balance at Jun. 30, 2024 37,501,667 30,155,073 37,926 44,126,933 458,186 (14,467,972)   2,817,072 4,529,522
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Common stock issued 441,026 441,026 111 440,915          
Increase /Reduction in accrual for offering costs, net 20,285 20,285   20,285          
Distribution reinvestment 302,123 273,729 195 273,534       28,394  
Common stock/units repurchased (1,721,002) (1,706,623) (1,215) (1,705,408)       (14,379)  
Amortization of compensation awards     203            
Amortization of compensation awards 23,045 20,342   20,139       2,703  
Net loss (606,117) (606,059)       (606,059)   (38,858) 38,800
Other comprehensive loss (269,674) (203,506)     (203,506)     (12,526) (53,642)
Distributions declared on common stock and OP units (613,963) (574,741)       (574,741)   (39,222)  
Contributions from non-controlling interests 219,245             175,628 43,617
Operating distributions to and redemptions of non-controlling interests (30,519)               (30,519)
Capital distributions to and redemptions of non-controlling interests (100,940) 4,794   4,794         (105,734)
Allocation (to)/ from redeemable non-controlling interests 7,791 7,791   7,791          
Ending Balance at Sep. 30, 2024 35,172,967 27,832,111 37,220 43,188,983 254,680 (15,648,772)   2,918,812 4,422,044
Beginning Balance at Dec. 31, 2024 34,694,130 27,353,907 36,902 42,781,930 383,272 (15,848,197)   2,964,555 4,375,668
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Common stock issued 1,587,360 1,587,360 662 1,586,698          
Increase /Reduction in accrual for offering costs, net (285,675) (285,675)   (285,675)          
Distribution reinvestment 893,041 784,657 569 784,088       108,384  
Common stock/units repurchased (4,940,774) (4,890,073) (3,553) (4,886,520)       (50,701)  
Amortization of compensation awards 76,634   539            
Amortization of compensation awards 53,540 53,540   53,001          
Net loss (3,117,422) (2,823,797)       (2,823,797)   (216,890) (76,735)
Other comprehensive loss (158,052) (110,008)     (110,008)     (8,168) (39,876)
Distributions declared on common stock and OP units (1,781,819) (1,643,424)       (1,643,424)   (138,395)  
Contributions from non-controlling interests 749,631             702,860 46,771
Operating distributions to and redemptions of non-controlling interests (107,073)               (107,073)
Capital distributions to and redemptions of non-controlling interests (266,884) 10,804   10,804     $ (277,688)    
Allocation (to)/ from redeemable non-controlling interests 482 482   482          
Ending Balance at Sep. 30, 2025 27,320,485 20,037,773 35,119 40,044,808 273,264 (20,315,418)   3,361,645 3,921,067
Beginning Balance at Jun. 30, 2025 29,229,311 21,761,336 35,535 40,555,177 306,101 (19,135,477)   3,284,138 4,183,837
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Common stock issued 491,108 491,108 216 490,892          
Increase /Reduction in accrual for offering costs, net 23,766 23,766   23,766          
Distribution reinvestment 294,917 256,409 184 256,225     38,508    
Common stock/units repurchased (1,329,371) (1,308,485) (950) (1,307,535)       (20,886)  
Amortization of compensation awards     134            
Amortization of compensation awards 12,995 12,995   12,861          
Net loss (710,710) (638,682)       (638,682)   (54,662) (17,366)
Other comprehensive loss (41,360) (32,837)     (32,837)     (2,817) (5,706)
Distributions declared on common stock and OP units (590,672) (541,259)       (541,259) $ (49,413)    
Contributions from non-controlling interests 170,363             166,777 3,586
Operating distributions to and redemptions of non-controlling interests (28,870)               (28,870)
Capital distributions to and redemptions of non-controlling interests (204,880) 9,534   9,534         (214,414)
Allocation (to)/ from redeemable non-controlling interests 3,888 3,888   3,888          
Ending Balance at Sep. 30, 2025 $ 27,320,485 $ 20,037,773 $ 35,119 $ 40,044,808 $ 273,264 $ (20,315,418)   $ 3,361,645 $ 3,921,067