Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc. is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio. The company was founded by Samuel Zell, John R. Klopp, and Craig M. Hatkoff in July 1997 and is headquartered in New York, NY.

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Blackstone Mortgage Trust reports robust Q1 performance amidst market challenges

Blackstone Mortgage Trust (BXMT) delivered strong Q1 performance with distributable earnings growth, stable credit performance, and effective risk management strategies.
The company's focus on liquidity, diverse portfolio composition, and proactive measures position it well to navigate market challenges and capitalize on growth opportunities.
Challenges include recent downgrades in office loans, market valuation discrepancies, and the impact of risk-off sentiment on trading performance, requiring strategic responses.
Opportunities lie in investment avenues, loan discussions, and leveraging market strengths to enhance shareholder value and drive portfolio performance.

BXMT reports robust Q2 performance, retains distributable earnings

BXMT delivered strong financial performance, showcasing robust balance sheet resiliency and effective portfolio management. The company's distributable earnings covered the dividend by 127%, and liquidity grew to a record $1.8 billion. Despite challenges such as incremental CECL reserve and credit migration, BXMT remains well-positioned to capitalize on potential growth opportunities.

Blackstone Mortgage Trust reports stable Q3 performance amidst sector challenges

Blackstone Mortgage Trust (BXMT) navigated Q3 with stable performance, focusing on maintaining a strong balance sheet and managing challenging credits. Despite challenges in certain sectors, the company remains well-positioned with strong liquidity and proactive asset management efforts. Opportunities lie in new investments, particularly in credit opportunities, and maximizing recovery for risk-rated loans.

Blackstone Mortgage Trust (BXMT) reports strong Q4 earnings and resilience in challenging market

Blackstone Mortgage Trust (BXMT) delivered strong financial performance in Q4 2023, with record interest income and distributable earnings. The company's strategic asset management approach and focus on enhancing credit positions have positioned it well for the future. Despite challenges in the office market, BXMT remains resilient and focused on maximizing shareholder returns.

Blackstone Mortgage Trust (BXMT) reports Q1 resilience amidst credit challenges

BXMT navigated Q1 2024 with resilience, focusing on portfolio performance and strategic resolutions. Despite challenges in the credit cycle and office values, the company remains committed to core lending. Opportunities for growth and optimization exist through portfolio turnover and selective lending strategies.

Blackstone Mortgage Trust reports Q2 loss, eyes growth opportunities

Blackstone Mortgage Trust (BXMT) faced challenges with portfolio resolutions impacting earnings but maintained a strong performing portfolio.
The company's strategic initiatives, including a stock repurchase program and partnership with M&T Realty Capital, position it for growth.
With a focus on resolving nonperforming assets and addressing credit issues, BXMT is poised to navigate market cycles and capture opportunities.

Blackstone Mortgage Trust reports mixed Q3 performance, eyes growth opportunities

Blackstone Mortgage Trust (BXMT) reported a mixed performance in Q3 2024, with a GAAP net loss but strong distributable earnings and dividend. The company showcased resilience amidst market challenges, focusing on resolutions for impaired assets and new investment opportunities.
BXMT's strengths lie in its financial stability, competitive edge in sourcing pipeline, and ability to capitalize on market conditions. Addressing challenges such as nonperforming loans and sustaining growth will be key for the company's future success.
Opportunities for BXMT include deploying capital into new investments, enhancing portfolio performance through asset resolutions, and leveraging its strong market position. By navigating challenges effectively and seizing growth opportunities, BXMT can drive sustained performance and value creation.

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Blackstone Mortgage Trust, Inc. is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. The company was founded by Samuel Zell, John R. Klopp, and Craig M. Hatkoff in July 1997 and is headquartered in New York, NY.

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REITweek, the annual REIT industry conference, was held last week in New York City. Humbled by two years of rate-driven headwinds, the venue halls were as quiet as any REITweek. Excitement was muted after numerous "false starts" on the long-awaited Fed pivot, a dearth of IPO and M&A activity, and a two-year period of significant underperformance versus the broader market. It can only get better: since the start of the Fed's rate hike cycle in March 2022, the REIT Index has underperformed the S&P 500 by a whopping 40 percentage-points.

State Of REIT Nation: Waiting At The Bottom

NEW YORK--(BUSINESS WIRE)--Blackstone Real Estate today announced that it has reached an agreement to sell Turtle Bay Resort for $725 million. Blackstone purchased the hotel in 2018 for $332 million and subsequently invested significant capital in renovations. Rob Harper, Head of Blackstone Real Estate Asset Management Americas, said, “This transaction is an excellent outcome for our investors and a testament to Blackstone's ability, including through the pandemic, to transform iconic, luxury h.

Blackstone Real Estate Sells Turtle Bay Resort

Blackstone Mortgage Trust's shares hit a 1-year low last week as the market's attitude towards the REIT turned sour amid ongoing loan problems. BXMT's balance sheet quality deteriorated in the last quarter, particularly in the office loan portfolio. The increase in the CECL reserve led to a decrease in distributable earnings, causing the REIT to underearn its dividend by 47%. A dividend cut now seems likely.

Blackstone Mortgage Trust: A Dividend Cut Is Likely

Blackstone Mortgage Trust reported poor Q1 2024 results, with a decline in income from loans and significant loan charge-offs. There are concerns about a potential wave of office loan defaults that could threaten dividend coverage and valuation. Caution is advised due to the possibility of additional charge-offs and a lower rate environment.

Blackstone Mortgage: Charge-Offs And Declining Rates Pose Risk

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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.

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Blackstone Mortgage Trust's stock declined 4.6% after reporting a net loss in Q1 due to loan problems in the office category. An increase in the expected credit loss reserve affected the company's dividend coverage ratio, raising concerns about the sustainability of the dividend. The market is concerned about the credit quality of the trust's office loan portfolio, reflected in the 29% discount to book value.

Blackstone Mortgage Trust: Red Flags For This 14% Yielder (Rating Downgrade)

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U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macro headwinds to post its best week since November, the S&P 500 rallied 2.8% on the week - erasing essentially all of its declines in the prior week.

Stagflation Is Back

Blackstone Mortgage Trust, Inc. (BXMT) Q1 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its first quarter 2024 results. The net loss attributable to Blackstone Mortgage Trust for the quarter was $124 million. First quarter EPS, Distributable EPS, Distributable EPS prior to charge-offs, and dividends paid per basic share were ($0.71), $0.33, $0.65, and $0.62, respectively. Katie Keenan, Chief Executive Officer, said, “BXMT's first quarter results reflect strong execution on key initiatives, with.

Blackstone Mortgage Trust Reports First Quarter 2024 Results

Blackstone Mortgage (BXMT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Blackstone Mortgage (BXMT) Might Surprise This Earnings Season

Blackstone Mortgage (BXMT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Blackstone Mortgage Trust (BXMT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Blackstone Mortgage (BXMT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Blackstone Mortgage (BXMT) is Poised to Beat Earnings Estimates Again

Blackstone Mortgage Trust, Inc.'s asset base is geographically and sector-diversified, but we believe negative duration and convexity effects could emerge later this year. Although short-term U.S. inflation remains resilient, the long-term trend suggests yields will eventually drop in late 2024. Moreover, BXMT's other operating regions face the same problems. 'Tied-up' capital could be an issue as sustained economic risk introduces excess reserve requirements and likely limits Blackstone Mortgage Trust's profit capacity.

Blackstone Mortgage Trust: Think Twice Before Chasing Dividends

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We're looking at two REITs with similar portfolios and a 20% difference in valuation. For these REITs, we believe changes in book value were pretty small during Q1 2024.

Huge Disparity In These 2 REITs

Blackstone Mortgage Trust is one of the largest mortgage REITs in the world, with a diverse portfolio of commercial loans across asset classes. BXMT is trading at a discount to book value, offering value for optimistic shareholders who believe the commercial real estate sector will improve. In 2023, BXMT's dividend coverage was 123%, providing ample protection from ongoing systemic issues including weakness in the office market.

Blackstone Mortgage Trust: Ample Dividend Coverage Helps Protect From Ongoing Issues

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Mortgage REITs (mREITs) can be a valuable tool for investors seeking income and exposure to the real estate sector. However, their reliance on interest rates introduces a layer of complexity, particularly when the Federal Reserve is considering raising rates.

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NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its first quarter 2024 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, April 24, 2024. The Company will also host a conference call the same day at 9:00 a.m. ET to review results. To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1662838&tp_key=6e92f5954b For tho.

Blackstone Mortgage Trust Announces First Quarter 2024 Earnings Release and Conference Call

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We're starting with our latest purchase, then moving onto some charts. Our charts help readers track the sector for both common shares and preferred shares. Mortgage REITs and BDCs are included in the charts for comparison based on various metrics such as price-to-book value, dividend yields, and earnings yield.

More 9% Dividend Yields Again? I'm Also Buying This One

Blackstone Mortgage Trust's 12.3% dividend yield is being questioned as its share price is near Covid-19 lows. Commercial mREIT loans face challenges due to weak office property fundamentals and higher-for-longer rates. Ladder Capital is suggested as a better alternative due to its lower exposure to weakening asset quality, strong inside ownership, and lower payout ratio.

Is Blackstone Mortgage's 12.3% Dividend Yield A 'Sucker Yield'?

Blackstone Mortgage Trust comfortably covered its dividend pay-out with distributable earnings in 4Q-23. BXMT stock is selling at a significant discount to book value, providing a high margin of dividend safety. Despite concerns over exposure to the U.S. office category, the trust's 12% yield is expected to remain safe.

Blackstone Mortgage Trust: Is This REIT's 12% Dividend Yield Safe In 2024?

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News for Blackstone Mortgage Trust Stock (BXMT)