Blackstone Real Estate Income Trust Reports $1.79B Third-Quarter Revenue
The trust’s revenue declined year over year and its net loss narrowed. Lower rental revenue, largely from property dispositions, and higher real estate impairments weighed on results; gains from unconsolidated entities and interest rate derivatives also contributed.
Blackstone Real Estate Income Trust's third-quarter revenue declined year over year, while its net loss narrowed. Lower rental revenue, largely from property dispositions, and higher real estate impairments weighed on results; gains from unconsolidated entities and interest rate derivatives, along…