Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc. is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio. The company was founded by Samuel Zell, John R. Klopp, and Craig M. Hatkoff in July 1997 and is headquartered in New York, NY.

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Earnings data Q4 2024

Blackstone Mortgage Trust reports robust Q1 performance amidst market challenges

Blackstone Mortgage Trust (BXMT) delivered strong Q1 performance with distributable earnings growth, stable credit performance, and effective risk management strategies.
The company's focus on liquidity, diverse portfolio composition, and proactive measures position it well to navigate market challenges and capitalize on growth opportunities.
Challenges include recent downgrades in office loans, market valuation discrepancies, and the impact of risk-off sentiment on trading performance, requiring strategic responses.
Opportunities lie in investment avenues, loan discussions, and leveraging market strengths to enhance shareholder value and drive portfolio performance.

BXMT reports robust Q2 performance, retains distributable earnings

BXMT delivered strong financial performance, showcasing robust balance sheet resiliency and effective portfolio management. The company's distributable earnings covered the dividend by 127%, and liquidity grew to a record $1.8 billion. Despite challenges such as incremental CECL reserve and credit migration, BXMT remains well-positioned to capitalize on potential growth opportunities.

Blackstone Mortgage Trust reports stable Q3 performance amidst sector challenges

Blackstone Mortgage Trust (BXMT) navigated Q3 with stable performance, focusing on maintaining a strong balance sheet and managing challenging credits. Despite challenges in certain sectors, the company remains well-positioned with strong liquidity and proactive asset management efforts. Opportunities lie in new investments, particularly in credit opportunities, and maximizing recovery for risk-rated loans.

Blackstone Mortgage Trust (BXMT) reports strong Q4 earnings and resilience in challenging market

Blackstone Mortgage Trust (BXMT) delivered strong financial performance in Q4 2023, with record interest income and distributable earnings. The company's strategic asset management approach and focus on enhancing credit positions have positioned it well for the future. Despite challenges in the office market, BXMT remains resilient and focused on maximizing shareholder returns.

Blackstone Mortgage Trust (BXMT) reports Q1 resilience amidst credit challenges

BXMT navigated Q1 2024 with resilience, focusing on portfolio performance and strategic resolutions. Despite challenges in the credit cycle and office values, the company remains committed to core lending. Opportunities for growth and optimization exist through portfolio turnover and selective lending strategies.

Blackstone Mortgage Trust reports Q2 loss, eyes growth opportunities

Blackstone Mortgage Trust (BXMT) faced challenges with portfolio resolutions impacting earnings but maintained a strong performing portfolio.
The company's strategic initiatives, including a stock repurchase program and partnership with M&T Realty Capital, position it for growth.
With a focus on resolving nonperforming assets and addressing credit issues, BXMT is poised to navigate market cycles and capture opportunities.

Blackstone Mortgage Trust reports mixed Q3 performance, eyes growth opportunities

Blackstone Mortgage Trust (BXMT) reported a mixed performance in Q3 2024, with a GAAP net loss but strong distributable earnings and dividend. The company showcased resilience amidst market challenges, focusing on resolutions for impaired assets and new investment opportunities.
BXMT's strengths lie in its financial stability, competitive edge in sourcing pipeline, and ability to capitalize on market conditions. Addressing challenges such as nonperforming loans and sustaining growth will be key for the company's future success.
Opportunities for BXMT include deploying capital into new investments, enhancing portfolio performance through asset resolutions, and leveraging its strong market position. By navigating challenges effectively and seizing growth opportunities, BXMT can drive sustained performance and value creation.

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Blackstone Mortgage Trust, Inc. is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. The company was founded by Samuel Zell, John R. Klopp, and Craig M. Hatkoff in July 1997 and is headquartered in New York, NY.

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Blackstone Mortgage Trust, Inc. (NYSE:BXMT ) Q2 2023 Earnings Conference Call July 26, 2023 9:00 AM ET Company Participants Tim Hayes - Vice President, Shareholder Relations Katie Keenan - Chief Executive Officer Tony Marone - Chief Financial Officer Conference Call Participants Douglas Harter - Credit Suisse Steve DeLaney - JMP Securities Sarah Barcomb - BTIG Jade Rahmani - KBW Don Fandetti - Wells Fargo Stephen Laws - Raymond James Operator Good day, and welcome to the Blackstone Mortgage Trust Second Quarter 2023 Conference Call. Today's call is being recorded.

Blackstone Mortgage Trust, Inc. (BXMT) Q2 2023 Earnings Call Transcript

Blackstone Mortgage Trust (BXMT) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.67 per share a year ago.

Blackstone Mortgage Trust (BXMT) Q2 Earnings and Revenues Top Estimates

Blackstone Mortgage Trust (NYSE: BXMT) published strong financial results for the second quarter. In a statement, the company's interest and related income rose from over $283 million in 2022 to over $521.8 million.

Blackstone Mortgage Trust revenue beats as stock price rallies

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its second quarter 2023 results. Net income attributable to Blackstone Mortgage Trust for the second quarter was $102 million. Second quarter EPS, Distributable EPS, and dividends paid per basic share were $0.59, $0.79, and $0.62, respectively. Katie Keenan, Chief Executive Officer, said, “BXMT's results once again underscored the resilience of our business, as we generated strong earnings and preserved book v.

Blackstone Mortgage Trust Reports Second Quarter 2023 Results

With one or two more rate hikes expected and a resilient labor market, BXMT's earnings should continue to rise. The market's concerns around the office portfolio are warranted but have gone too far past the fair value of the company. We see a 20-25% upside to the share price, along with a stable and well-covered 11%+ dividend yield.

Blackstone Mortgage Trust: Concerns Overdone; Dividend Yield Intact

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Blackstone Mortgage Trust continues to attract investors with its high dividend payout of 11.8%, despite a 25% loss in the last year due to rising interest rates. BXMT's largest exposure is to the office real estate sub-sector, which is considered high-risk; the company has a potential reserve gap. Despite the high dividend yield, the article suggests investors should avoid BXMT due to the inherent risks in its portfolio.

Blackstone Mortgage Trust: Stress Testing Blackstone's Dividend

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its second quarter 2023 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, July 26, 2023. The Company will also host a conference call the same day at 9:00 a.m. ET to review results. To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1622266&tp_key=5ac7398147 For tho.

Blackstone Mortgage Trust Announces Second Quarter 2023 Earnings Release and Conference Call

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Blackstone Mortgage Trust investors have suffered the worst selloff since the COVID pandemic. However, buyers returned to defend the line in April. Investors are likely reflecting worst-case scenarios in assessing the opportunity in BXMT, leading to highly-depressed valuations. While its risk/reward profile is highly appealing, a quick recovery is not expected, as the Fed remains hawkish.

Blackstone Mortgage: Still Priced For Doom And Gloom

Blackstone Mortgage Trust is a bargain for value investors due to its strong earnings growth and well-covered 12.5% yield. Despite challenges in the office property space, BXMT is expected to manage through these issues with lender protections and a diversified asset base. The stock is currently trading at a substantial discount to book value, offering potential for strong returns.

Blackstone Mortgage: Buy The Panic With 12.4% Yield

Commercial office properties face unprecedented challenges due to the rise in work-from-home trends and urban decay, impacting REITs like Blackstone Mortgage Trust. BXMT has lost around a third of its value since its 2021 peak and faces growing loan losses on some of its office loans, with the market bracing for a ~10-15% non-performance rate in its portfolio. The "doom loop" issue may eventually turn many downtown areas into ghost towns, posing a risk for BXMT's long-term value, but it is not strong enough to consider it a short opportunity.

BXMT: Existential Risk From 'Detroitification' Across U.S. Cities

Blackstone Mortgage Trust's 1Q 2023 financial results were strong, as the company's distributable earnings and dividend coverage improved significantly. With a dividend yield of more than 12%, BXMT is very attractive. However, the company's increased expected credit losses have made some investors worried about BXMT's ability to maintain its current level of profitability and relatively high dividends.

Blackstone Mortgage: Do Not Worry About Increased Expected Credit Losses

The Blackstone Mortgage Trust (NYSE: BXMT) stock price has bounced back in the past few weeks even as the challenges in the real estate market remain. BXMT shares jumped to a high of $20, ~20% above the lowest level this year.

Blackstone Mortgage Trust: Buy the 9.5% yielding BXMT stock

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Blackstone Mortgage Trust (BXMT) closed at $18.19 in the latest trading session, marking no change from the prior day.

Blackstone Mortgage Trust (BXMT) Flat As Market Gains: What You Should Know

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State Of REITs: Distress Brings Opportunity

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In Q1 2023 operations have remained on track, the dividend remains covered and the company continues to collect. At the same time the company trades at a 35% discount to book value and trades at a 14% dividend yield.

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News for Blackstone Mortgage Trust Stock (BXMT)