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Blackstone Mortgage Trust reports developments for a publicly traded commercial mortgage REIT that originates, acquires and manages senior loans and other debt or credit-oriented investments tied to commercial real estate. Its portfolio is centered on senior loans secured by institutional real estate assets in major markets across North America, Europe and Australia, and the company is externally managed by BXMT Advisors L.L.C., a Blackstone subsidiary.
Recurring news covers quarterly operating and financial results, distributable earnings measures, dividends on Class A common stock, loan deployment, credit performance and balance-sheet financing. Company updates also address capital-structure actions such as secured debt financing, shareholder voting matters, material agreements and governance changes related to the board and senior officers.
Blackstone (NYSE: BX) has announced the opening of a new Real Estate office in Toronto, appointing Janice Lin as head of its Canadian real estate operations. With a portfolio of CAD 14 billion in real estate assets, Blackstone plans to enhance its presence in Canada, benefiting from its growing population and strong economic fundamentals. Nadeem Meghji highlighted the long-term belief in the Canadian economy, while Lin emphasized opportunities in logistics, office, and residential sectors.
Blackstone Mortgage Trust (NYSE:BXMT) reported a net income of $99.7 million for Q1 2022, with an EPS of $0.59 and Distributable EPS of $0.62. Dividends per basic share were also set at $0.62. CEO Katie Keenan emphasized strong results due to portfolio growth and stable credit performance, stating that the company’s low-leverage, floating-rate transitional loan portfolio is well-positioned as interest rates rise.
American Campus Communities (ACC) has entered into a definitive agreement for a cash acquisition by Blackstone Core+ vehicles, including BREIT, at $65.47 per share, totaling approximately $12.8 billion. This price represents a 22% premium over the 90-day average share price and is expected to close in Q3 2022, subject to shareholder approval. The transaction aims to leverage Blackstone's capital and expertise to enhance ACC's operations, although it includes a suspension of dividends. This deal reflects ACC's successful transformation into a major player in the student housing sector.
Blackstone Mortgage Trust (NYSE: BXMT) announced it will publish its Q1 2022 earnings presentation on its website and file its Form 10-Q on April 27, 2022, pre-market. A conference call is scheduled for 9:00 a.m. ET on the same day to discuss results. The company focuses on originating senior loans backed by commercial real estate in North America, Europe, and Australia, with an investment objective aimed at preserving shareholder capital and generating dividends from its loan portfolio.
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced a public offering of $300 million in 5.50% convertible senior notes due 2027. The offering aims to close on March 29, 2022, with the potential to raise $345 million if the underwriters exercise their over-allotment option. Proceeds will be used for general corporate purposes, including debt repayment and funding new mortgage loans. The notes will convert at 27.5702 shares per $1,000 with a conversion premium of 15%, maturing on March 15, 2027.
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has launched a public offering of $300 million in convertible senior notes due 2027. The offering includes a 30-day option for underwriters to purchase an additional $45 million. Proceeds will be used for general corporate purposes, including repaying $402.5 million of existing debt and funding new commercial mortgage loans. The notes can be converted under specific circumstances, with the interest rate and conversion terms yet to be determined.
Blackstone Mortgage Trust (NYSE: BXMT) announced a dividend of $0.62 per share for Q1 2022, payable on April 14, 2022. The record date for this dividend is March 31, 2022. This real estate finance company focuses on originating senior loans collateralized by commercial real estate, primarily in North America, Europe, and Australia. Blackstone Mortgage Trust aims to protect shareholder capital while delivering risk-adjusted returns through dividends from its loan portfolio.
Blackstone Mortgage Trust (NYSE:BXMT) announced that Katie Keenan, CEO, will present at the Citi Global Property Conference on March 8, 2022, at 11:15am ET. A live webcast of the event will be accessible on Blackstone's website, with a replay available post-event. Blackstone Mortgage Trust specializes in originating senior loans secured by commercial real estate across North America, Europe, and Australia, aiming to preserve shareholder capital and provide attractive risk-adjusted returns primarily through dividends.
Blackstone (NYSE: BX) has announced the recapitalization of Mileway, its last mile logistics company, valued at €21 billion, marking the largest private real estate transaction ever. Existing investors will have the option to maintain or increase their holdings or exit for cash as part of a 'go-shop' process. Over the past six years, Mileway has grown to become Europe's largest last mile logistics portfolio with 1,700 assets across 10 countries, demonstrating strong investor confidence in the logistics sector.
Blackstone Mortgage Trust (NYSE:BXMT) announced its fourth quarter and full year 2021 results, reporting a full year EPS of $2.77, Distributable EPS of $2.62, and dividends paid per share of $2.48. CEO Katie Keenan highlighted record originations and strong credit performance, positioning BXMT as a low-leverage, floating rate lender poised for further growth in 2022. A conference call discussing these results is scheduled for 9:00 a.m. ET today, with details available on their website.