Blackstone Mtg Tr Inc Stock Price, News & Analysis

Alterra IOS has secured a $189 million loan commitment from Blackstone Mortgage Trust (NYSE: BXMT), bringing their total institutional lending to over $1 billion. The funding supports 49 IOS sites across 22 states, covering approximately 235 usable acres.

This financing follows Alterra's fund closing at $925 million in May 2024, exceeding their original $750 million goal. The company recently sold 51 IOS assets to Peakstone Realty Trust for $490 million in November 2024.

Alterra IOS has established itself as one of the nation's largest IOS owners, with over 300 properties across 36 states. The company serves businesses requiring storage for equipment, machinery, vehicle fleets, shipping containers, and building materials.

Blackstone (NYSE: BX) has completed its acquisition of Retail Opportunity Investments Corp. (ROIC) in an all-cash transaction valued at approximately $4 billion, including outstanding debt. The deal, which was announced on November 6, 2024, involves Blackstone purchasing all outstanding common shares of ROIC at $17.50 per share.

The transaction was facilitated by multiple financial advisors, with J.P. Morgan serving as ROIC's exclusive financial advisor, while Blackstone was supported by Morgan Stanley & Co. , BofA Securities, Citigroup, Wells Fargo, Newmark, and Eastdil Secured. Legal counsel was provided by Clifford Chance US LLP for ROIC and Simpson Thacher & Bartlett LLP for Blackstone.

Blackstone Mortgage Trust (NYSE: BXMT) reported its fourth-quarter and full-year 2024 results, posting a net loss of $204 million for the year. The company's financial metrics show full-year EPS at $(1.17), Distributable EPS at $(0.03), Distributable EPS prior to charge-offs at $2.15, and dividends paid per basic share at $2.18.

CEO Katie Keenan highlighted a positive turning point for BXMT in the quarter, noting successful loan resolutions and accelerated capital deployment. The company has over $2 billion of loans closed or in closing, and maintains a strong balance sheet positioning it to capitalize on real estate credit opportunities in 2025.

Blackstone Mortgage Trust (NYSE: BXMT) has disclosed the tax treatment of its 2024 class A common stock dividends. The company distributed a total of $2.18 per share throughout 2024, with $2.10 allocable to 2024 for tax purposes. The dividends were paid quarterly, with payments of $0.62 in April and July, followed by $0.47 in October and January 2025.

The January 2024 payment of $0.62 was a split-year dividend, with $0.39 allocable to 2024 and $0.23 to 2023. Similarly, the January 2025 payment of $0.47 is entirely allocable to 2025. All distributions were classified as Section 199A dividends, which may be eligible for the 20% qualified REIT dividend deduction under IRC Section 199A(b)(1)(B).

Blackstone Mortgage Trust (NYSE: BXMT) has announced its schedule for the release of fourth-quarter and full-year 2024 financial results. The company will publish its earnings presentation on its website www.bxmt.com and file its Form 10-K before market opening on Wednesday, February 12, 2025.

A conference call will be held the same day at 9:00 a.m. ET to discuss the results. The company will provide a webcast replay on their website approximately two hours after the event for those unable to attend the live broadcast.

Blackstone Mortgage Trust (NYSE: BXMT) has announced a quarterly dividend of $0.47 per share for its class A common stock for the fourth quarter of 2024. The dividend will be paid on January 15, 2025, to shareholders who are registered as stockholders by the close of business on December 31, 2024.

Blackstone (NYSE: BX) has announced its largest-ever real estate investment in Japan, acquiring Tokyo Garden Terrace Kioicho for $2.6 billion (JPY 400 billion) from Seibu Holdings. This marks the largest real estate investment by a foreign investor in Japan. The 2.4-million-square-feet mixed-use asset includes two high-rise towers featuring a fully occupied Grade A+ office, 135 high-end residential units, a 250-key luxury hotel, conference venues, and over 30 retail establishments.

Since 2013, Blackstone has acquired $16 billion in Japanese real estate assets. The company will maintain partnership with Seibu Group, which will continue managing the asset and hotel operations. This acquisition aligns with Blackstone's global real estate portfolio, which includes $325 billion of investor capital under management across various sectors including logistics, data centers, residential, office, and hospitality.

Blackstone Mortgage Trust (NYSE: BXMT) has priced a private offering of $450 million in 7.750% senior secured notes due 2029. The company plans to use the net proceeds for general corporate purposes, including paying down existing secured indebtedness. The offering, to qualified institutional buyers in the US and international investors under Regulation S, is expected to close on December 10, 2024, subject to customary conditions. The notes and related guarantees are not registered under the Securities Act and cannot be offered or sold in the US without registration or exemption.

Blackstone Mortgage Trust (NYSE: BXMT) has announced a private offering of $450 million in senior secured notes due 2029. The company plans to use the net proceeds for general corporate purposes, including paying down existing secured debt. The offering is to qualified institutional buyers in the US under Rule 144A and international investors under Regulation S. The notes and related guarantees have not been registered under the Securities Act and cannot be offered or sold in the US without registration or exemption.