Blackstone Mtg Tr Inc Stock Price, News & Analysis

Blackstone Mortgage Trust (BXMT) reported a net income of $118 million for Q1 2023, with an earnings per share (EPS) of $0.68 and Distributable EPS of $0.79. The dividends paid per share were $0.62, reflecting strong dividend coverage driven by the robust performance of its senior, floating-rate loan portfolio. CEO Katie Keenan emphasized the company's solid balance sheet and substantial liquidity, which positions BXMT well in the current macroeconomic environment. A detailed presentation of the quarter's results is available on their website.

Additionally, BXMT will host a conference call at 9:00 a.m. ET to further discuss these results.

Blackstone has successfully closed its latest global real estate fund, Blackstone Real Estate Partners X (BREP X), accumulating $30.4 billion in total capital commitments. This represents the largest real estate or private equity drawdown fund ever raised, contributing to a total of $50 billion across Blackstone's three opportunistic strategies. With a solid track record, Blackstone has achieved a 16% net IRR on over $100 billion in BREP global funds in over 30 years. To adapt to market changes, Blackstone has shifted its investment focus, with about 80% in logistics, rental housing, hospitality, lab office, and data centers. Blackstone's leadership acknowledges that the current market volatility presents unique investment opportunities.

Blackstone Mortgage Trust (NYSE: BXMT) announced the release of its first quarter 2023 earnings presentation on its website on April 26, 2023. The earnings report will be filed via Form 10-Q before the market opens. A conference call is scheduled at 9:00 a.m. ET on the same day to discuss the results. The Company focuses on originating senior loans collateralized by commercial real estate across North America, Europe, and Australia, with a commitment to preserving shareholder capital while generating attractive risk-adjusted returns through dividends from its loan portfolio.