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   ...

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. Morgan Kaili Wang - Citigroup Operator Good day, and welco ...

New York, October 25, 2023, NEW YORK -- 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. Quarterly Investor Call Details Blackstone Mortgage Trust (NYSE:BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate ...

14. OTHER EXPENSES Our other expenses consist of the management and incentive fees we pay to our Manager and our general and administrative expenses. Management and Incentive Fees Pursuant to a management agreement between our Manager and us, or our Management Agreement, our Manager earns a base management fee in an amount equal to 1.50% per annum multiplied by our outstanding equity balance, as defined in the Management Agreement. In addition, our Manager is entitled to an incentive fee in an amount equal ...

Financial Data and Key Metrics Changes - In Q2 2023, the company reported distributable earnings (DE) of $0.79 per share, consistent with Q1 levels and up 18% year-over-year, covering the dividend by 127% [2][23] - GAAP net income for the quarter was $0.59 per share, reflecting a decrease from $0.68 per share in Q1 due to an incremental $28 million CECL reserve [46][103] - Total liquidity reached a record $1.8 billion, with an adjusted debt-to-equity ratio of 3.4 times, down from 3.5 times in the previous quarter [31][33] Business Line Data and Key Metrics Changes - The loan portfolio decreased by $1 billion as repayments outpaced loan funding, which was limited to existing loans [8] - The multifamily segment, comprising 26% of the portfolio, continues to perform well, with market rent growth 35% higher than the national average [17] - The company upgraded eight loans this quarter, including two from four-rated to three-rated, indicating cash flow recovery and significant paydowns [26] Market Data and Key Metrics Changes - The company observed a healthy mix of sales and refinancings, collecting $1.5 billion in repayments, including over $350 million from office loans [96] - The office segment remains challenged, with downgrades reflecting ongoing market dynamics, but only 10% of the portfolio is watch-listed or impaired [25][64] - Industrial and essential retail sectors are performing robustly, with hotels in urban locations showing sustained revenue per available room (RevPAR) above 2019 levels [27] Company Strategy and Development Direction - The company is focused on a proactive derisking strategy, managing its portfolio through tailored approaches to enhance credit positions and sponsor commitments [6][15] - There is a high bar for new investments, but the opportunity set is expanding with increased loan requests and evaluations of multiple loan portfolio acquisitions [19][45] - The company aims to maintain a conservative balance sheet while prioritizing optionality and capital preservation [97] Management's Comments on Operating Environment and Future Outlook - Management noted that while credit outcomes for challenged assets will take time to materialize, the overall portfolio's earnings power provides a cushion against deterioration [75] - The company is optimistic about the liquidity returning to the market, which is expected to improve transaction activity [51] - Management emphasized the importance of maintaining a strong earnings power and dividend coverage to navigate the current economic environment [70] Other Important Information - The company increased its general reserve by $11 million to $166 million, reflecting a comprehensive review of risks in the portfolio [33] - The overall portfolio is 96% performing, with limited tough credit situations [34] - The company has no corporate debt maturities until 2026, providing stability in its capital structure [32] Q&A Session Summary Question: Can you provide details on the loans sold and their underlying collateral? - Management confirmed that one loan was a large mixed-use office asset, and the other was a parking portfolio, both sold at par to enhance liquidity [39][50] Question: What is the outlook for repayments and transaction activity? - Management indicated an increase in transaction activity and liquidity compared to the previous quarter, with expectations for continued repayments [40][51] Question: Why not consider offering preferred equity to borrowers for relief? - Management acknowledged the potential for preferred equity but emphasized a historical focus on senior lending while remaining open to creative solutions [58][70] Question: How does the company view the stability of book value amid provisioning? - Management believes that while there may be some lumpiness in quarters, the overall earnings power of the portfolio provides a meaningful cushion against credit deterioration [72][75] Question: What drove the increase in CECL reserves for non-US loans? - Management explained that the increase was due to macro metrics affecting the general reserve, not specific impairment decisions [86][89]

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q1 2023 Earnings Conference Call April 26, 2023 9:00 AM ET Company Participants Tim Hayes - VP, Shareholder Relations Katie Keenan - CEO Tony Marone - CFO Austin Pena - EVP, Investments Conference Call Participants Steve DeLaney - JMP Securities Sarah Barcomb - BTIG Doug Harter - Credit Suisse Stephen Laws - Raymond James Don Fandetti - Wells Fargo Jade Rahmani - KBW Rick Shane - JPMorgan Arren Cyganovich - Citi Operator Good day, and welcome to the Blackstone Mor ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Blackstone Mortgage Trust, Inc. (Exact name of Registrant as specified in its charter) Maryland 94-6181186 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 345 Park Avenue, 24th Floor New York, New York 10154 ( ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q4 2022 Earnings Conference Call February 8, 2023 9:00 AM ET Company Participants Tim Hayes - Vice President, Shareholder Relations Katie Keenan - Chief Executive Officer Tony Marone - Chief Financial Officer Austin Pena - Executive Vice President, Investments Conference Call Participants Doug Harter - Credit Suisse Don Fandetti - Wells Fargo Steve DeLaney - JMP Securities Jade Rahmani - KBW Eric Hagan - BTIG Derek Hewett - Bank of America Stephen Laws - Raymond J ...

Financial Performance - Blackstone Mortgage Trust reported a full year 2022 net income of $24864 million[25] - Full year Distributable Earnings per share was $287, and dividends paid per share were $248[25] - The company achieved a full year dividend coverage of 116%[21, 23] - Q4 Distributable EPS was $087, representing a 12% year-over-year growth[21, 34] Portfolio and Investments - The company has a $268 billion senior loan portfolio secured by institutional assets[7, 35, 42] - The weighted average origination Loan-to-Value (LTV) of the portfolio is 64%[35] - In 2022, the company collected $37 billion in repayments, with office loans representing 45% ($17 billion) of the total[35] - New originations in the second half of 2022 totaled $674 million, with 70% focused on the industrial sector, yielding a loan yield of +549% relative to the portfolio average of +376%[35, 46] Capitalization and Liquidity - The company strategically raised $12 billion of capital in 2022, increasing liquidity to $16 billion[35, 49] - The company's debt structure is well-structured, with 64% being non-mark-to-market and 36% being credit mark-to-market only[50]