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Stock impact report

Blackstone's BREIT: Private Equity Outperformance Is Not What It Appears [Seeking Alpha]

Equity Residential Common Shares of Beneficial Interest (EQR) 
Last equity residential common shares of beneficial interest earnings: 1/28 04:16 pm Check Earnings Report
US:NYSE Investor Relations: investors.equityapartments.com
Company Research Source: Seeking Alpha
BREIT's main exposures—rental housing, data centers, and single-family rentals—mostly underperformed in 2025, except for industrial, which saw strong gains. Public REITs now trade at steep discounts to NAV, while BREIT is priced at full NAV, making public REITs more attractive on a valuation basis. I am bearish on BREIT due to its premium pricing versus public peers but remain "Neutral" on BX given its capital-raising prowess. I do much more than just articles at Portfolio Income Solutions: Members get access to model portfolios, regular updates, a chat room, and more. Learn More » gonin/iStock via Getty Images Blackstone's ( BX ) real estate investment vehicle BREIT claims to have an 8.1% return in 2025 , which would represent sizable outperformance over public REITs. The average REIT was down in 2025, and even cap-weighted indexes, such as the Vanguard REIT ETF ( VNQ ), that benefited from mega-cap REIT outperformance, had quite modest returns. VNQ returned 4.17% inclusiv Show less Read more
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