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.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

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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Despite huge dividend yields, this sector is getting hammered. Shares could achieve this upside even without trading at Net Asset Value. Another peer already saw a similar recovery.

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Mortgage REITs are not buy-and-hold investments and investors who focus solely on dividends are getting burned. Preferred shares offer better performance and stability compared to common shares in mortgage REITs. Equity REITs are also being negatively impacted, with investors seeking higher yields elsewhere.

More Pain For High Dividend REITs

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These fat dividends benefited from floating in one way or another. Many of them are more than 10%. Some shares start floating in 2024 or early 2025. Those shares aren't showing their floating yield yet, even though they will kick in soon. We also need to look at the change in valuations for some better companies.

How Floating Rate Shares Could Earn Over 10%

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   Dividend   Dividends   Dividends(1)   Dividends   Divi.

Blackstone Mortgage Trust Announces Tax Treatment of 2023 Dividends

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High yield investors are focused on maintaining income. Many don't understand the scenario that would best support their income. We'll walk through the scenario for one popular kind of high yield investment.

Sweet Fantasy For High Dividend Yield Buyers

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Several high yielders are in danger. Some dividends are at risk. For others, it is primarily valuation. Why is taking gains so unpopular?

12% To 18% Dividend Yields In Danger

Blackstone Mortgage Trust offers a stable 12% yield and potential appreciation for dividend investors. The mortgage REIT owns a sizable portfolio of real estate-related senior loans, with a focus on offices and multi-family properties. Despite headwinds in the office market, Blackstone Mortgage's portfolio has proven to be resilient, with a high performing-loan ratio and strong dividend coverage.

Blackstone Mortgage: 0.8X Book Value, 12% Yield, 130% Dividend Coverage

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Big Yields Meet Big Trouble

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It was a tumultuous 2023 for the housing market, marked by rising mortgage rates and stagnating sales and inventory. So, investors are closely eyeing real estate investment trusts (REITs) to sell in anticipation of market shifts.

3 REITs to Sell in January Before They Crash and Burn

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its fourth quarter and full year 2023 earnings presentation on its website at www.bxmt.com and file its Form 10-K pre-market on Wednesday, February 14th, 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=1649876&tp_ke.

Blackstone Mortgage Trust Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

NEW YORK , Dec. 24, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Blackstone Mortgage Trust, Inc. (NYSE: BXMT) resulting from allegations that Blackstone Mortgage may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Blackstone Mortgage securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

BXMT INVESTOR NOTICE: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Blackstone Mortgage Trust, Inc. Investors to Inquire About Securities Class Action Investigation - BXMT

Blackstone Mortgage Trust had a solid Q3-2023 with strong earnings and distribution coverage. Muddy Waters raised concerns about BXMT's risk assessments and predicted potential distribution cuts and significant equity hit. We analyze the short case and tell you why it is too pessimistic.

Blackstone Mortgage: 11% Yield Inside Muddy Waters

A Muddy Waters critique hurt share prices of the REIT, but they have bounced back since then.

Did Muddy Waters Miss the Boat in Attacking Blackstone Mortgage Trust?

NEW YORK--(BUSINESS WIRE)-- #A--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Blackstone Mortgage Trust, Inc. (“Blackstone” or the “Company”) (NYSE: BXMT) on behalf of Blackstone stockholders. Our investigation concerns whether Blackstone has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On December 6, 2023, Muddy Waters released a rep.

BLACKSTONE ALERT: Bragar Eagel & Squire, P.C. is Investigating Blackstone Mortgage Trust, Inc. on Behalf of Blackstone Stockholders and Encourages Investors to Contact the Firm

Blackstone Mortgage Trust has been targeted by short sellers due to concerns about the commercial real estate market and high interest rates. The mREIT has maintained stable quarterly dividend distributions since 2015 and currently trades at a 12% discount to book value. Despite its high exposure to office properties, BXMT has strong dividend coverage and will benefit from future interest rate cuts.

Blackstone Mortgage: 11.2% Dividend Yield As Bears Blindsided By Fed

NEW YORK , Dec. 14, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Blackstone Mortgage Trust, Inc. (NYSE: BXMT) resulting from allegations that Blackstone Mortgage Trust may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Blackstone Mortgage Trust securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

BXMT LOSS ALERT: ROSEN, LEADING INVESTOR COUNSEL, Encourages Blackstone Mortgage Trust, Inc. Investors to Inquire About Securities Class Action Investigation - BXMT

Each share has a yield of at least 12%, or will after the call date passes. Most are common shares, including one I haven't published anything positive about in a very long time. Discount to book value is a huge factor in evaluating the potential upside. We want shares that can see prices rally in addition to a big yield.

12% Yield Or Greater Plus Upside

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Blackstone Mortgage Trust, Inc. (NYSE: BXMT) resulting from allegations that Blackstone may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Blackstone securities you may be entitled to compensation without payment of any out of pocket fees or costs through a conting.

BXMT LOSS ALERT: ROSEN, A TOP RANKED LAW FIRM, Encourages Blackstone Mortgage Trust, Inc. Investors to Inquire About Securities Class Action Investigation – BXMT

Interest rates have plunged since October 19th, 2023, which is significant for REITs. Some mortgage REITs have seen gains in book value due to a mix of interest rates and spreads. Blackstone Mortgage Trust was attacked by a bear.

Rates Plunge, REITs Rip, Bears Attack

Despite big yields, these shares are still cheap. Fat dividends that grow with short-term rates are a nice hedge. The yields are between 9% and 9.5% today, but they are due for a big dividend increase starting in March 2024. Bigger dividends should increase valuation.

13% Dividend Yield And 12% Upside

Mortgage REITs and BDCs had varying performances in Q3 2023, with agency mortgage REITs performing the worst and BDCs performing the best. Originator/servicer mREITs and RC outperformed their peers in terms of book value changes. Investors should focus on BDCs and preferred shares for long-term positions, as they generally have fewer dividend cuts.

BDCs Vs. MREITs: High-Yield Rumble

REITs experienced significant gains, outperforming other sectors. Investors are hesitant to own REITs during rising interest rates but don't want to miss out when rates fall. There's no time between rates falling and REITs rising. Lower interest rates can lead to higher profits and dividend growth for equity REITs, making them more attractive to income-seeking investors.

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Following the best week of the year, U.S. equity markets were mixed this week as interest rates rebounded from the prior week's plunge after Fed officials pushed back on market optimism. Posting gains in nine out of ten sessions since dipping into "correction territory" at the end of October, the S&P 500 gained 1.4% on the week, but Mid-Caps and Small-Caps posted declines. Following their best week since 2020, REITs took a step back this week as upward pressure on benchmark interest rates offset a solid conclusion to a strong earnings season.

Fed Says 'Not So Fast'

Blackstone Mortgage Trust is a core portfolio holding for passive income investors seeking predictable dividend income from a leading commercial real estate investment trust. The trust's floating-rate positioning is a compelling reason to own it, as it should produce higher net interest income in a rising-rate environment. Despite a decline in portfolio value due to loan repayments, Blackstone Mortgage Trust has a well-performing loan portfolio and stable dividend coverage.

Blackstone Mortgage Trust: A Higher-For-Longer Rate Bet With A 12.6% Yield

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.

Blackstone Mortgage Trust, Inc. (BXMT) Q3 2023 Earnings Call Transcript

News for Blackstone Mortgage Trust Stock (BXMT)