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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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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Following the best week of the year, U.S. equity markets were mixed this week as interest rates rebounded from the prior week's plunge after Fed officials pushed back on market optimism. Posting gains in nine out of ten sessions since dipping into "correction territory" at the end of October, the S&P 500 gained 1.4% on the week, but Mid-Caps and Small-Caps posted declines. Following their best week since 2020, REITs took a step back this week as upward pressure on benchmark interest rates offset a solid conclusion to a strong earnings season.

Fed Says 'Not So Fast'

Blackstone Mortgage Trust is a core portfolio holding for passive income investors seeking predictable dividend income from a leading commercial real estate investment trust. The trust's floating-rate positioning is a compelling reason to own it, as it should produce higher net interest income in a rising-rate environment. Despite a decline in portfolio value due to loan repayments, Blackstone Mortgage Trust has a well-performing loan portfolio and stable dividend coverage.

Blackstone Mortgage Trust: A Higher-For-Longer Rate Bet With A 12.6% Yield

Blackstone Mortgage Trust, Inc. (NYSE:BXMT ) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET Company Participants Timothy Hayes - VP, Shareholder Relations Katie Keenan - President and CEO Anthony F. Marone, Jr - CFO, Treasurer, and Principal Accounting Officer Conference Call Participants Stephen Laws - Raymond James Steve DeLaney - JMP Securities Sarah Barcomb - BTIG Jade Rahmani - KBW Donald Fandetti - Wells Fargo Richard Shane - J.P.

Blackstone Mortgage Trust, Inc. (BXMT) Q3 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its third quarter 2023 results. Net income attributable to Blackstone Mortgage Trust for the third quarter was $30 million. Third quarter EPS, Distributable EPS, and dividends paid per basic share were $0.17, $0.78, and $0.62, respectively. Katie Keenan, Chief Executive Officer, said, “BXMT continues to deliver for its shareholders, generating strong earnings amidst a challenging backdrop and supporting our at.

Blackstone Mortgage Trust Reports Third Quarter 2023 Results

Blackstone Mortgage Trust (BXMT) trades at a 20%+ discount to book value, presenting a buying opportunity with a double-digit dividend yield. BXMT's portfolio has performed well, with strong cash flows and dividend coverage, indicating a low risk of loan defaults.

Blackstone Mortgage Trust: Double-Digit Dividend Yield And Major Discount To Book Value

Represents Final Phase of Blackstone Real Estate's More Than $550 Million Investment in the Property SAN DIEGO , Oct. 16, 2023 /PRNewswire/ -- The legendary  Hotel del Coronado , part of Curio Collection by Hilton, has announced plans to restore and revitalize the hotel's historic Victorian building with a more than $160 million investment, marking the next and final phase of Blackstone Real Estate's more than $550 million development plan to preserve and enhance the National Historic Landmark property for the enjoyment of guests, visitors and the community alike. The upgrades will encompass all Victorian guestrooms, suites and event spaces such as the iconic Crown Room, with a targeted completion date of Spring 2025.

HOTEL DEL CORONADO ANNOUNCES MORE THAN $160 MILLION RESTORATION AND REVITALIZATION OF HISTORIC VICTORIAN BUILDING

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Volatility in Treasuries is causing issues for analysts as it affects share prices and fundamentals. The market forecast for inflation has not changed significantly in the last six months, indicating belief that inflation is under control. Mortgage REITs are experiencing declines in book values, particularly agency mortgage REITs, due to interest rate risk.

Mortgage REIT Chaos

Blackstone Mortgage Trust has delivered strong total returns over the past decade, outperforming the VanEck Mortgage REIT Income ETF. The Blackstone Mortgage Trust REIT is a real estate finance firm specializing in senior loans secured by commercial real estate, with a focus on the U.S. Sunbelt, Northeast, and West regions. Despite challenges in the office sector and macroeconomic headwinds, Blackstone Mortgage Trust has maintained dividend safety, achieved distributable earnings growth, and bolstered liquidity. However, caution is advised due to current economic uncertainties.

12% Yield! Blackstone Mortgage Trust Is Cheap For A Reason

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its third quarter 2023 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, October 25, 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=1632098&tp_key=06a6f27034 For t.

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

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I am bullish on REITs. But not all REITs. Mortgage REITs are a good example of that. I present 5 reasons why I tend to avoid mortgage REITs.

I Sold My Mortgage REITs

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Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more if they create a recession. Apartment construction is declining, affecting rental unit supply and potentially leading to increased rental rates. Pretty obvious when you think about it.

Big Dividend Yields Going Higher, Dumb Debt, And Snark

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Commercial mortgage REITs offer high dividends, averaging 12.1%, with an average P/E ratio of 8.6x. The office sector is experiencing volatility, but there are still opportunities for investment. Four recommended mREITs with office exposure are Starwood Property Trust, Blackstone Mortgage Trust, Ladder Capital, and Arbor Realty Trust.

Who Wants To Be An Office Lender?

High yields can be tempting, but be sure you know what you're getting into.

These Stocks Pay 10% or Higher Yields -- Should You Buy or Stay Away?

Blackstone Mortgage Trust is one of the biggest and best-managed mortgage REITs. Despite concerns about office loans, BXMT had pretty strong second-quarter results, which remained flat for the most part. I present my analysis on the stock which leads me to a buy rating.

Blackstone Mortgage Trust Has Become Fairly Valued

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NEW YORK , Sept. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 18, to coincide with the quarterly rebalance.

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If you're interested in finding out about real estate short squeeze candidates, look no further. Interest rates are soaring.

3 Real Estate Stocks Due for a Massive Short Squeeze

Blackstone Mortgage Trust has seen a 30% increase in stock price since the last article, prompting the question of whether it's a good time to sell. The REIT has reported solid earnings, with distributable earnings comfortably covering the dividend payout. Risks to consider include potential defaults leading to a dividend cut and the historically poor performance of mREITs.

Blackstone Mortgage Trust: Valuation Is Getting Risky (Downgrade)

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News for Blackstone Mortgage Trust Stock (BXMT)