The company has not filed an annual or quarterly report since its Q2 FY2022 10-Q, filed Aug 8, 2022. Its latest SEC filing is a SC 13G/A from Jul 7, 2023.
10-Q for Q2 FY2022, filed Aug 8, 2022
The sections below describe the company as of the FY2021 annual report.
Leases apartments and single-family rental homes to residents.
10-K for FY2021, filed Mar 11, 2022Our current business consists of owning and operating residential investments that generate rental and other property-related income…View ↗
We are currently diversified through investments in both infill first-ring suburban single-family residential and high-quality multifamily…View ↗
With respect to our investments in single-family residential properties, our principal business objective is to generate attractive…View ↗
Tenants rent residential units under rental agreements, and the company earns rent over the lease term; it also earns other property income.
10-K for FY2021, filed Mar 11, 2022Our current business consists of owning and operating residential investments that generate rental and other property-related income…View ↗
The Company recognizes rental revenue on a straight-line basis over the terms of the rental agreements and in accordance with ASC Topic 842…View ↗
Other property revenues are recognized in the period earned.View ↗
10-K for FY2021, filed Mar 11, 2022
FY2021 revenue by reportable segment (Revenue from Contract with Customer, Including Assessed Tax) ↗$220.7M
10-K for FY2021, filed Mar 11, 2022
$220.7M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Multifamily
Recurring
10-K for FY2021, filed Mar 11, 2022 |
95% |
Multifamily, FY2021
$194.4M Sources
|
Recurring |
|
Single-family
Recurring
|
4.6% |
Single-family, FY2021
$9.3M Sources
|
Recurring |
A diverse base of tenants rents the company’s apartment communities and single-family homes under rental agreements.
10-K for FY2021, filed Mar 11, 2022Our current business consists of owning and operating residential investments that generate rental and other property-related income…View ↗
With respect to our investments in single-family residential properties, our principal business objective is to generate attractive…View ↗
With respect to our investments in multifamily residential communities, our principal business objective is to generate attractive…View ↗
Yes. It kept 2 cents of every revenue dollar as net income in FY2021.
10-K for FY2021, filed Mar 11, 2022
10-Q for Q2 FY2022, filed Aug 8, 2022
−$17.3MView ↗
10-Q for Q2 FY2022, filed Aug 8, 2022
Open tableView ↗
8-K, filed Oct 6, 2022
NEW YORK, NY, October 6, 2022 – Blackstone (NYSE: BX) today announced that affiliates of Blackstone Real Estate (“Blackstone”) have…View ↗
Grew. Revenue grew 79% in 4 years, from $123.6M in FY2017 to $220.7M in FY2021, about 16% a year.
Added single-family rentals
The older report describes a portfolio strategy centered on apartment properties; the latest report also includes single-family rental homes and identifies them as a separate operating business.
10-K for FY2018, filed Feb 27, 2019 10-K for FY2021, filed Mar 11, 2022Our principal business objective is to generate attractive risk-adjusted investment returns by assembling a high-quality portfolio of…View ↗
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