Blackstone’s BREIT Records Its Biggest Advance in 6 Months

Blackstone Real Estate Income Trust Inc., the Blackstone Inc. fund for affluent individual investors, reported its biggest monthly total return in six months as February’s dividend payments and rising rents offset a decline in property valuations.

BREIT’s lowest-fee share class had a total return of 0.7% for the month, bringing trailing 12-month returns to 5.7%, according to a report posted Tuesday. The share class posted an 8.4% gain in all of 2022 and a 30.2% increase in 2021.