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.

Earnings data Q1 2021

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Earnings data Q2 2024

Earnings data Q3 2024

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.

BXMT shares have performed relatively well thus far in 2022 with a total return of -12%, significantly outperforming the broader REIT market. With 100% of its loans being floating rate, Blackstone Mortgage Trust benefits from rising rates and increased spreads.

Blackstone Mortgage Trust: Office Exposure Is Manageable

Blackstone Mortgage Trust covered its $0.62 per share per quarter dividend pay-out with distributable earnings in the third quarter. Mortgage originations remained robust in Q3'22.

Blackstone Mortgage Trust: This 9.7% Yield Is Still On Sale

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Blackstone Mortgage Trust, Inc. (NYSE:BXMT ) Q3 2022 Earnings Conference Call October 26, 2022 9:00 AM ET Company Participants Weston Tucker - Head of Investor Relations Katie Keenan - Chief Executive Officer Anthony Marone - Chief Financial Officer Mike Nash - Executive Chairman Conference Call Participants Don Fandetti - Wells Fargo Doug Harter - Credit Suisse Steve DeLaney - JMP Securities Eric Hagan - BTIG Jade Rahmani - KBW Stephen Laws - Raymond James Operator Good day, everyone, and welcome to the Blackstone Mortgage Trust Third Quarter 2022 Investor Call hosted by Weston Tucker, Head of Investor Relations. My name is Ben, and I'm your event manager.

Blackstone Mortgage Trust, Inc. (BXMT) Q3 2022 Earnings Call Transcript

Blackstone Mortgage (BXMT) delivered earnings and revenue surprises of 9.23% and 5.41%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Blackstone Mortgage Trust (BXMT) Q3 Earnings and Revenues Top Estimates

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its third quarter 2022 results.

Blackstone Mortgage Trust Reports Third Quarter 2022 Results

Blackstone Mortgage Trust's stock is now selling for a 16% discount to book value. There is no evidence that suggests the commercial mortgage market is consolidating.

Blackstone Mortgage: I Am Getting A 10.9% Yield On My Last Buy

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Blackstone Mortgage Trust has seen a material drop in price since August. Its business model is predicated on senior loans that are floating rate with reasonably low LTV ratios.

Blackstone Mortgage: Absurdly Cheap At 11% Yield

The company has a solid economic tailwind rising floating rate of the portfolio which can help to generate inflation-protected earnings. At the current share price, the dividend payment of $2.48 will translate into a forward dividend yield of 10.95%.

Blackstone Mortgage: Strong Dividend Yield And Economic Tailwind

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its third quarter 2022 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, October 26, 2022. 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=1573117&tp_key=6b4a9a465f For t

Blackstone Mortgage Trust Announces Third Quarter 2022 Earnings Release and Conference Call

Blackstone Mortgage (BXMT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Blackstone Mortgage (BXMT) Moves to Strong Buy: Rationale Behind the Upgrade

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Clarion Partners and Blackstone Real Estate Co-Originate Two Senior & Mezzanine Loans for the Brickstone Boulder Student Housing Properties

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NEW YORK, Aug. 26, 2022 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) (the "Company") and Blackstone Real Estate ("Blackstone") today announced that the completion of the proposed acquisition of the Company by Blackstone (the "Acquisition"), and the proposed spin-off of the Company's single-family rental business to its shareholders (the "Spin-Off"), is expected to occur on or about October 6, 2022. The completion of the Acquisition remains subject to the consummation of the Spin-Off, as well as the satisfaction or waiver of the other closing conditions in the merger agreement.

Bluerock Residential Growth REIT and Blackstone Real Estate Announce Anticipated Closing Date of Acquisition and Spin-Off

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Blackstone Mortgage's dividend remained well-covered in 2Q-22. New originations remained robust.

Blackstone Mortgage: Get 8% Passive Income From This Trust Gem

BXMT's strong Q2 results demonstrate that it's thriving in the current rising rate environment. It has plenty of growth runway with strong liquidity and reduced competition for deals.

Blackstone Mortgage: A Well-Covered 8% Yield Not To Miss

Blackstone Mortgage Trust, Inc. (NYSE:BXMT ) Q2 2022 Earnings Conference Call July 27, 2022 9:00 AM ET CompanyParticipants Weston Tucker - Head of Shareholder Relations Katie Keenan - Chief Executive Officer Tony Marone - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Don Fandetti - Wells Fargo Jade Rahmani - KBW Rick Shane - JPMorgan Operator Welcome to the Blackstone Mortgage Trust Second Quarter 2022 Investor Conference Call. [Operator Instructions] I would like to advise everyone that this conference is being recorded.

Blackstone Mortgage Trust, Inc. (BXMT) CEO Katie Keenan on Q2 2022 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its second quarter 2022 results. Net income attributable to Blackstone Mortgage Trust for the second quarter was $93.3 million. First quarter EPS, Distributable EPS, and dividends paid per basic share were $0.55, $0.67, and $0.62 respectively. Katie Keenan, Chief Executive Officer, said, “BXMT's results this quarter are a testament to the steadfast resilience of our business. Amidst more challenging market con

Blackstone Mortgage Trust Reports Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its second quarter 2022 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, July 27, 2022. 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=1557696&tp_key=6af199ed27 For tho

Blackstone Mortgage Trust Announces Second Quarter 2022 Earnings Release and Conference Call

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NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced that it has received the 2022 NAREIT Gold Investor CARE (Communications & Reporting Excellence) Award, which recognizes communications and reporting excellence, for the mortgage REIT category. This annual award recognizes NAREIT corporate members that exemplify financial transparency and communicate with investors through comprehensive and clearly articulated information in the most efficient manner. Kat

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