Roman Tiraspolsky Let's drift into the mortgage arena and discuss what's waiting in the wings for the Blackstone Mortgage Trust, Inc. (NYSE:BXMT). For those unaware, we covered various components of Blackstone (BX) extensively in the past week, including the company as a whole its Blackstone's Apartment Income REIT Corp. (AIRC) acquisition. However, today's analysis builds on a statement we made a week ago when assessing Blackstone's real estate portfolio, which claimed that negative interest rate dura ...

PM Images We are going to stray from our typical analysis of equity REITs and peer over the fence to the debt side of the equation. Historically, equity REITs have outperformed mortgage REITs, or mREITs, due to the appreciation of the real estate they own. This tailwind and a variety of others are the foundation of why equity REITs are generally preferable, in my opinion. Simply put, I would generally rather own than loan. Data by YCharts We’ve recently covered another large mREIT, noting significant sy ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:BlackRock TCP Capital Corp. (TCPC) is a business development company. The Zacks Consensus Estimate for its current year earnings has been revised 7.5% downward over the last 60 days.Blackstone Mortgage Trust, Inc. (BXMT) is a real estate finance company. The Zacks Consensus Estimate for its current year earnings has been revised 14.1% downward over the last 60 days.Chesapeake Energy Corporation (CHK) is an independent exploration and ...

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock with respect to the first quarter of 2024. This dividend is payable on April 15, 2024 to stockholders of record as of the close of business on March 28, 2024. About Blackstone Mortgage Trust Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Ou ...

airdone Blackstone Mortgage Trust, Inc. (NYSE:BXMT) proved its value to passive income investors in February with a well-received earnings release for 4Q-23: The commercial mortgage real estate investment trust comfortably covered its dividend pay-out with distributable earnings, though it was forced to increase its CECL reserve for credit losses again. With that being said, Blackstone Mortgage Trust's dividend should be well-covered, and I do not foresee or predict a dividend adjustment in 2024. The stock ...

ryasick Mortgage REIT Blackstone Mortgage Trust (NYSE:BXMT) delivered a solid earnings beat of $0.07 per-share last week, causing shares to increase by 4%. However, the mortgage REIT’s portfolio is showing weakness as the percentage of performing loans declined for the third time in Q4'23. Additionally, Blackstone Mortgage Trust has a smaller dividend safety margin (weaker distribution coverage) and the REIT’s book value dropped to the lowest level since FY 2014. These factors cause me to reevaluate Bla ...

Call End: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q4 2023 Earnings Conference Call February 14, 2024, 09:00 AM ET Company Participants Timothy Hayes - VP, Shareholder Relations Anthony Marone - CFO, Treasurer, and Principal Accounting Officer Katie Keenan - President and CEO Austin Pena - Executive Vice President of Investments Conference Call Participants Steve DeLaney - JMP Securities Sarah Barcomb - BTIG Douglas Harter - UBS Donald Fandetti - Wells Fargo Stephen Laws - Raymond James Jason Sabshon - ...

Blackstone Mortgage Trust (BXMT) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.55%. A quarter ago, it was expected that this real estate finance company would post earnings of $0.72 per share when it actually produced earnings of $0.78, delivering a surprise of 8.33%.Over the last ...

89 continued… continued… (1) Senior loans include senior mortgages and similar credit quality loans, including related contiguous subordinate loans and pari passu participations in senior mortgage loans. (2) Date loan was originated or acquired by us, and the LTV as of such date, excluding any junior participations sold. Origination dates are subsequently updated to reflect material loan modifications. (3) Total loan amount reflects outstanding principal balance as well as any related unfunded loan commitme ...

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced the tax treatment of its 2023 class A common stock dividends. The following table summarizes BXMT’s class A common stock dividend payments for the tax year ended December 31, 2023:                     Box 1a   Box 1b   Box 2a   Box 5 Record   Payment   Cash       Ordinary   Qualified   Capital Gain   Section 199A Date   Date   Distribution   Adjustment   ...