Blackstone REIT Declares Distributions for Common Stock
May 2, 2017 | by James Sprow | Blue Vault
On April 27, Blackstone Real Estate Income Trust, Inc., declared distributions for each applicable class of its common stock. The gross distribution for Class S common stock will be $0.0362 per share, which will be subject to a stockholder servicing fee of $0.0070 for a net distribution of $0.0292. The distribution for Class I common stock will be at the same $0.0362 per share and without a stockholder servicing fee will be a $0.0362 per share net distribution.
The transaction prices for each share class of the REIT’s common stock for subscriptions accepted as of May 1, 2017 were $10.02 for all classes (T, S, D and I). Based on the $10.02 share price the distribution yield, when annualized, equals approximately 4.34% for Class I shares and approximately 3.50% for Class S shares on a net basis.
The net distributions for each class of common stock are payable to stockholders of record immediately following the close of business on April 30, 2017 and will be paid on or about May 22, 2017. 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.
