Blackstone Real Estate Income Trust Declares October Distributions

November 1, 2021 | James Sprow | Blue Vault

On October 28, 2021, Blackstone Real Estate Income Trust, Inc. (the “Company”) declared distributions for each class of its common stock in the amount per share set forth below: 

The net distributions for each class of common stock (which represents the gross distributions less stockholder servicing fees for the applicable class of common stock) are payable to stockholders of record immediately following the close of business on October 31, 2021 and will be paid on or about November 22, 2021. These distributions will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan. 

The gross distribution rate for all classes of common stock was $0.0546 in September. In January 2021 the rate was $0.0535 and in January 2020 it was $0.0534. Since January 2021 the net asset value (“NAV”) per share has increased from $11.67 to $13.50, an increase of 15.7%. The distribution yield for Class I shares based upon the September NAV and October distribution rate, annualized, is 4.91%. 

Sources: SEC, Blackstone Real Estate Income Trust website