Blackstone Mortgage Trust(US:BXMT)2021-04-28 15:19Financial Performance - First quarter 2021 GAAP earnings per share (EPS) was $0.54, and Distributable EPS was $0.59[11] - A dividend of $0.62 per share was paid[11] - The company's current income from its first mortgage portfolio generated an attractive 90% yield on book relative to USD LIBOR of 01%[11] Portfolio Growth and Composition - $17 billion of new loans were closed in the first quarter of 2021[2,10] - The portfolio grew by nearly $700 million, reaching a record $187 billion at quarter-end[2,10] - Originations were focused on industrial (33%), multifamily (31%), and life sciences (28%) sectors[11,14] - The senior loan portfolio totaled $187 billion, secured by institutional quality real estate in top markets, with a weighted average origination LTV of 65%[11,15] Liquidity and Capitalization - Total liquidity stood at $11 billion, including $280 million in cash and $837 million of available borrowings under credit facilities[10,12] - $13 billion of accretive credit facility financing was closed on increasingly favorable terms[11,17] - A $10 billion CLO was issued post quarter-end, increasing total CLOs outstanding to $35 billion[11] Credit Performance - 100% interest collection was achieved in the first quarter[10,11,15]