BREIT's September Performance Records Negative Total Return

Posted on November 13th, 2023 at 10:26 AM
BREIT's September Performance Records Negative Total Return

From the desk of Jim Eccleston at Eccleston Law 

Blackstone Real Estate Income Trust (“BREIT”), sponsored by The Blackstone Group, has updated the net asset values (NAV).

Specifically, Class S shares had an NAV per share of $14.80, down from $14.88 at the end of August 2023, with a negative 0.2 percent total return for September 2023 (not annualized). Class I shares had an NAV per share of $14.81, down from $14.89 the previous month, resulting in a negative 0.2 percent total return (not annualized). Class T shares had an NAV per share of $14.58, compared to $14.66 the month prior, with a negative 0.2 percent total return. Class D shares reported an NAV per share of $14.48, down from $14.56 in the previous month, with a negative 0.2 percent total return. Meanwhile, Class C shares had an NAV per share of $15.30, slightly lower than the previous month's $15.33, resulting in a negative 0.1 percent total return.

The company had almost 4.5 billion shares outstanding as of September 30, 2023, and received redemption requests of approximately $2.1 billion in September, as previously reported by The DI Wire.

 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

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