Blackstone Mortgage Trust(US:BXMT)2023-02-08 18:16Financial 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]