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Blackstone Mortgage Trust, Inc. - $BXMT STOCK NEWS

Welcome to our dedicated page for Blackstone Mortgage Trust news (Ticker: $BXMT), a resource for investors and traders seeking the latest updates and insights on Blackstone Mortgage Trust stock.

Blackstone Mortgage Trust, Inc. (BXMT) is a prominent real estate finance company primarily engaged in the origination and acquisition of senior loans secured by commercial properties. Operating extensively across North America, Europe, and Australia, BXMT's asset portfolio predominantly consists of floating rate loans anchored by senior mortgages. The company focuses on high-value properties, including office spaces, hotels, and manufactured housing, with key assets located in prime regions such as New York, California, and the United Kingdom.

Managed by a subsidiary of The Blackstone Group, Blackstone Mortgage Trust leverages the extensive market data and insights provided by its parent entity. This relationship underpins its strategic operations and market decisions, enhancing its competitive edge. The company's primary source of revenue is interest income generated from its extensive loan portfolio.

In recent developments, Blackstone Mortgage Trust has continued to solidify its position in the market through strategic acquisitions and the origination of high-quality loans. The company’s robust financial health and strategic partnerships underscore its commitment to delivering sustainable growth and value to its shareholders.

BXMT's ongoing projects reflect its dedication to maintaining a diversified and resilient real estate portfolio, ensuring steady revenue streams and mitigating risks associated with market fluctuations. By focusing on prime commercial properties and leveraging the expertise of The Blackstone Group, Blackstone Mortgage Trust remains a key player in the real estate finance sector.

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Blackstone Real Estate and MRP Group have increased their all-cash tender offer for Terrafina real estate trust certificates to Ps.39.50 per certificate, up by Ps.1.00 from the initial offer. This offer represents a 24% premium over Terrafina's price on December 4, 2023, and an 8% premium over its price on June 7, 2024. The offer is the only all-cash tender offer available, providing immediate, substantial value with no tax consequences associated with exchange offers. The Comisión Federal de Competencia Económica (COFECE) has approved the offer unconditionally. The tender offer is valid until July 17, 2024, with a settlement date expected on July 24, 2024. Completion is contingent on acceptance by holders of at least 50% plus one of the outstanding Terrafina certificates.

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Blackstone Mortgage Trust (NYSE: BXMT) announced a $0.62 per share dividend for its class A common stock for Q2 2024.

The dividend will be paid on July 15, 2024, to shareholders who are on record as of June 28, 2024.

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Blackstone Mortgage Trust (NYSE: BXMT) and M&T Realty Capital announced a partnership to provide BXMT borrowers with access to multifamily agency financing. This collaboration will leverage M&T Realty Capital's Fannie Mae DUS® and Freddie Mac Optigo® lending platforms to offer conventional and affordable multifamily loans. The partnership aims to expand BXMT's loan offerings, providing comprehensive financing solutions to its borrowers. Katie Keenan, CEO of Blackstone Mortgage Trust, highlighted that BXMT has originated over $12 billion in multifamily bridge loans over the past decade. Michael Edelman, CEO of M&T Realty Capital, emphasized the partnership's alignment with their strategy to expand their customer base and national multifamily lending platform.

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Blackstone Real Estate and MRP Group have started an all-cash tender offer for Terrafina's real estate trust certificates at Ps.38.50 per certificate.

This represents a 21% premium over the unaffected price on December 4, 2023, and a 5% premium over the June 7, 2024 closing price.

The offer aims to buy up to 100% of Terrafina's certificates, providing immediate and certain value to shareholders. COFECE has approved the offer unconditionally, and it is not subject to financing or additional board and shareholder approvals.

The offer expires on July 10, 2024, at 14:00 Mexico City time, unless extended.

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Blackstone Real Estate has agreed to sell Turtle Bay Resort for $725 million, which it bought in 2018 for $332 million and invested heavily in renovations. The sale will bring total proceeds to $768 million, including a recent land sale to Areté Collective. The transaction showcases Blackstone's ability to enhance luxury hospitality assets and is expected to close in Q3 2024. Turtle Bay Resort, one of the largest employers on O'ahu's North Shore, features 450 rooms and underwent significant upgrades under Blackstone's ownership.

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Blackstone Mortgage Trust (BXMT) reported a net loss of $124 million for the first quarter of 2024, with key financial metrics such as EPS, Distributable EPS, and dividends per basic share showing mixed results. The CEO highlighted strong execution on initiatives, $1 billion in repayments, and progress on loan resolutions. The company emphasized its liquidity position of $1.7 billion and expertise in commercial real estate. An investor presentation is available on the company's website, with a conference call scheduled to discuss the results.
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Blackstone (BX) to Acquire AIR Communities (AIRC) for $10 Billion, Investing $400 Million in Portfolio Enhancement
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Blackstone Mortgage Trust, Inc. (BXMT) to release first quarter 2024 earnings presentation and file Form 10-Q on April 24, 2024. Conference call scheduled for 9:00 a.m. ET to review results.
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Rexford Industrial Realty, Inc. acquires 3 million sq ft of industrial properties in Southern California from Blackstone for $1.0 billion. The portfolio includes 48 properties with an average price of $332 per sq ft, generating a 4.7% initial cash yield and 5.6% stabilized cash yield. The investments were funded through senior note offerings and cash on hand, strengthening the company's position in the high-demand industrial market.
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Blackstone Mortgage Trust, Inc. (BXMT) announces a dividend of $0.62 per share for Q1 2024, payable on April 15, 2024, to stockholders of record as of March 28, 2024.
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FAQ

What does Blackstone Mortgage Trust, Inc. (BXMT) do?

BXMT is a real estate finance company that originates and acquires senior loans secured by commercial properties in North America, Europe, and Australia.

Where are Blackstone Mortgage Trust's key assets located?

The key assets are primarily located in New York, California, and the United Kingdom.

What type of properties does BXMT focus on?

BXMT focuses on office spaces, hotels, and manufactured housing properties.

How does Blackstone Mortgage Trust generate revenue?

Blackstone Mortgage Trust generates nearly all of its revenue from interest income derived from its extensive loan portfolio.

Who manages Blackstone Mortgage Trust?

Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group.

What is the significance of BXMT's relationship with The Blackstone Group?

The relationship provides BXMT with valuable market data and insights, enhancing its strategic operations and market decisions.

What are recent achievements of Blackstone Mortgage Trust?

BXMT has recently strengthened its market position through strategic acquisitions and the origination of high-quality loans.

What is the primary focus of BXMT's current projects?

The focus is on maintaining a diversified and resilient real estate portfolio, ensuring steady revenue streams.

What type of loans are included in BXMT's portfolio?

The portfolio primarily consists of floating rate loans anchored by senior mortgages.

How does BXMT mitigate market risks?

BXMT mitigates risks by focusing on prime commercial properties and leveraging the expertise of The Blackstone Group.

Blackstone Mortgage Trust, Inc.

NYSE:BXMT

BXMT Rankings

BXMT Stock Data

3.13B
174.47M
1.23%
66.24%
15.38%
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