Blackstone Mtg Tr Inc Stock Price, News & Analysis

Blackstone Mortgage Trust (NYSE:BXMT) has successfully closed an underwritten public offering of 10,000,000 shares of its class A common stock, generating net proceeds of approximately $312 million after expenses. The proceeds will be allocated for working capital and to support the origination of commercial mortgage loans. Additionally, underwriters have a 30-day option to purchase up to 1,500,000 extra shares, enhancing capital flexibility and growth potential.

Blackstone Mortgage Trust (NYSE:BXMT) has announced a public offering of 10 million shares of its class A common stock, with an additional option for underwriters to purchase 1.5 million more shares. The offering aims to raise approximately $315 million, potentially $362 million if the option is fully exercised. The funds will support the origination of commercial mortgage loans and general corporate purposes. The closing date is set for September 14, 2021, pending customary conditions.

Blackstone Mortgage Trust (NYSE:BXMT) announced a public offering of 10 million shares of its Class A common stock, with an option for underwriters to purchase an additional 1.5 million shares within 30 days. The net proceeds will support working capital and the origination of more commercial mortgage loans. Major underwriters include Morgan Stanley, BofA Securities, and Citigroup. This offering is part of the Company’s effective shelf registration statement filed with the SEC.

Blackstone Mortgage Trust (NYSE:BXMT) announced its second quarter 2021 results, showcasing a record loan portfolio and increased earnings per share. CEO Katie Keenan highlighted enhanced credit quality and successful capital stack transactions that strengthened the balance sheet. Improved fundamentals were noted, with an optimistic outlook driven by a robust pipeline. For further details, the full presentation is available at www.bxmt.com.

Blackstone Mortgage Trust (NYSE: BXMT) has appointed Nnenna Lynch to its Board of Directors, effective immediately. Lynch, founder and CEO of Xylem Projects, has extensive experience in real estate investment, development, and urban redevelopment. Her background includes leading initiatives in public and private sectors and serving as Managing Principal for The Georgetown Company. Michael B. Nash, Executive Chairman, expressed enthusiasm for Lynch's expertise in areas such as affordable housing and public policy, which will enhance BXMT's growth strategy.

Blackstone Mortgage Trust (NYSE: BXMT) will release its second quarter 2021 earnings presentation on July 28, 2021. The earnings report will be available on their website, and a conference call is scheduled for the same day at 9:00 a.m. ET to discuss results. Blackstone Mortgage Trust focuses on originating senior loans collateralized by commercial real estate across North America, Europe, and Australia, aiming to ensure attractive risk-adjusted returns for shareholders through dividends derived from its loan portfolio.

Blackstone Mortgage Trust (NYSE: BXMT) announced a dividend of $0.62 per share for Q2 2021, payable on July 15, 2021, to stockholders of record by June 30, 2021. This dividend aims to deliver attractive risk-adjusted returns primarily through income from its loan portfolio. The company originates senior loans secured by commercial real estate across various regions, focusing on preserving shareholder capital.

Blackstone Mortgage Trust (NYSE:BXMT) has announced Katie Keenan as CEO, effective June 30, 2021, succeeding Steve Plavin, who will focus on BREDS' European operations. This change follows a multi-year transition plan where Keenan's leadership has driven a portfolio growth of over 50%, reaching $18.7 billion. The company has maintained strong credit performance with a 10.8% annualized total return for shareholders. Keenan has overseen the origination of over $8 billion in loans since joining in 2012, indicating her significant experience and capability.

Blackstone Mortgage Trust (NYSE:BXMT) reported strong first quarter 2021 results, with $1.7 billion in new loans closed and a nearly $700 million increase in its portfolio. CEO Stephen D. Plavin emphasized the company’s balanced sheet optimization, positioning BXMT to leverage future investment opportunities. The complete financial results are available on their website. A conference call for investors is scheduled for today at 9:00 a.m. ET to discuss these results and future outlooks.