This year, the stock market adage “sell in May and go away” may hold very true, especially when it comes to the real estate investment trusts (REITs) best categorized as REITs to sell.These are the REITs that are facing the greatest challenges from the two major factors affecting the sector. The first of these two major factors is the prospect of “higher for longer” interest rates persisting through the rest of 2024 and into 2025.REITs across the board are typically interest-rate sensitive, but some have be ...

Dragon Claws The stock of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) did not react well to the mortgage trust’s first quarter earnings in which the company showed that it swung to a net loss amid loan problems in the office category: BXMT declined 4.6% on Thursday and may see additional selling pressure in the short term. An increase in the current expected credit loss reserve affected the company’s distributable earnings by $0.32 per share in 1Q24, which caused a dip of the dividend coverage ratio bel ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q1 2024 Earnings Conference Call April 24, 2024 9:00 AM ET Company Participants Timothy Hayes - VP, Shareholder Relations Anthony Marone - CFO, Treasurer, and Principal Accounting Officer Katie Keenan - President and CEO Conference Call Participants Doug Harter - UBS Stephen Laws - Raymond James Sarah Barcomb - BTIG Jade Rahmani - KBW Rick Shane - JPMorgan Operator Good day and welcome to the Blackstone Mortgage Trust First Quarter 2024 Investor Call. Today's call ...

[Form 8-K: Current Report](index=1&type=section&id=Form%208-K%3A%20Current%20Report) This Form 8-K reports the company's first quarter 2024 financial results and related exhibits [Item 2.02 Results of Operations and Financial Condition](index=4&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) Blackstone Mortgage Trust, Inc. announced its Q1 2024 financial results on April 24, 2024, detailed in furnished Exhibits 99.1 and 99.2 - The company issued a press release and a detailed presentation on April 24, 2024, to announce its financial results for the first quarter ended March 31, 2024[9](index=9&type=chunk) - The information and exhibits related to the financial results are furnished under Item 2.02 and are not considered "filed" for the purposes of Section 18 of the Exchange Act, which limits certain legal liabilities[15](index=15&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=4&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section details the exhibits furnished with the Form 8-K, including the Q1 2024 financial results press release and presentation Exhibit List | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press Release of Blackstone Mortgage Trust, Inc. dated April 24, 2024 | | 99.2 | Presentation of Blackstone Mortgage Trust, Inc. dated April 24, 2024 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

The following tables detail the spread of our secured debt as of March 31, 2024 and December 31, 2023 ($ in thousands): Three Months Ended March 31, (1) The spread, all-in cost, and all-in yield are expressed over the relevant floating benchmark rates, which include SOFR, SONIA, EURIBOR, and other indices as applicable. (2) Represents the amount of new borrowings we obtained approval for during the three months ended March 31, 2024 and year ended December 31, 2023, respectively. (3) In addition to spread, t ...

Investors are always looking for stocks that are poised to beat at earnings season and Blackstone Mortgage Trust, Inc. (BXMT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Blackstone Mortgage is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possi ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Blackstone Mortgage Trust (BXMT) , which belongs to the Zacks REIT and Equity Trust industry, could be a great candidate to consider.This real estate finance company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 6.44%.For ...

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 ...