Blackstone Real Estate Income Trust reported accelerating returns with a 10.3% Class I net return over the last year and positive June performance.

Key Highlights:

  • Delivered 10.3% Class I net return over the trailing 12 months; June net return 1.1% and H1 2026 Class I return 5.2%.
  • Generated 4.6% annualized distribution rate (Class I); 2025 distributions were 100% return of capital, implying a 7.3% tax-equivalent rate.
  • Recorded five consecutive months of positive net flows and Q2 2026 was first quarter of positive net flows in nearly four years.
  • Portfolio ~90% concentrated in rental housing, industrial and data centers; deployed $5.7B into pre-leased data center developments in H1 2026.

Original SEC Filing:

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