Blackstone Mtg Tr Inc Stock Price, News & Analysis

Blackstone Mortgage Trust (BXMT) reported net income of $103.2 million for Q3 2022, with earnings per share (EPS) at $0.60 and a distributable EPS of $0.71. The dividend paid per share was $0.62. CEO Katie Keenan emphasized the company’s strong performance amidst market volatility, citing substantial earnings growth and a solid balance sheet. BXMT is focused on preserving capital and generating attractive returns through a well-managed loan portfolio secured by high-quality assets across major markets.

Blackstone has successfully completed the acquisition of Bluerock Residential Growth REIT at $24.25 per share, totaling $3.6 billion in cash. This acquisition aligns with Blackstone's strategy to expand its real estate portfolio. Additionally, Bluerock has spun off its single-family rental business into an externally managed REIT, Bluerock Homes Trust, which started trading on the NYSE American. The transaction was initially announced on December 20, 2021, and signifies strategic growth for both firms in the competitive real estate market.

Blackstone Mortgage Trust (BXMT) announced it will release its third quarter 2022 earnings presentation on its website on October 26, 2022. The Form 10-Q will be filed pre-market, followed by a conference call at 9:00 a.m. ET to discuss the results. Blackstone Mortgage Trust focuses on originating senior loans secured by commercial real estate in North America, Europe, and Australia, aiming to generate attractive returns primarily through dividends from its loan portfolio.

Blackstone Mortgage Trust (NYSE: BXMT) has announced a third-quarter dividend of $0.62 per share, payable on October 14, 2022. Stockholders of record as of September 30, 2022 will receive this payment. The company focuses on originating senior loans backed by commercial real estate across North America, Europe, and Australia, aiming for attractive risk-adjusted returns and capital preservation for shareholders.

Clarion Partners Real Estate Income Fund has provided mezzanine loans subordinate to two senior loans by Blackstone Real Estate for refinancing two student housing assets in Boulder, CO, valued over $180 million. The properties, part of the Brickstone Boulder portfolio, comprise 312 units and 463 beds, strategically located near CU Boulder. The investment reflects Clarion's confidence in Boulder's strong student housing market, noted for high occupancy rates. The fund's manager, Franklin Templeton, oversees approximately $224 billion in assets as of June 30, 2022.

Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) has announced that its acquisition by Blackstone Real Estate is expected to close around October 6, 2022. This acquisition is contingent upon the completion of a spin-off of the Company's single-family rental business to its shareholders. Blackstone is a global leader in real estate investing, managing approximately $320 billion in investor capital. The completion of these transactions is subject to various closing conditions, and potential risks could impact the anticipated outcomes, including shareholder litigation and market reception.

Blackstone has successfully completed the acquisition of American Campus Communities (ACC) for approximately $12.8 billion, which includes debt assumption. This acquisition positions Blackstone to leverage ACC’s expertise in student housing, enhancing its portfolio. ACC, a leading developer and manager of student housing in the U.S., operates 166 properties with around 111,900 beds. The deal is expected to enable further investments and growth in high-demand student housing markets.

Blackstone Mortgage Trust reported a net income of $93.3 million for Q2 2022. The EPS was $0.55, with a distributable EPS of $0.67 and dividends paid of $0.62 per basic share. CEO Katie Keenan emphasized the company's resilience in challenging market conditions, citing earnings and portfolio growth backed by solid credit performance and effective balance sheet management. The company remains well-positioned with its floating rate portfolio and strong liquidity.

Blackstone has completed its acquisition of PS Business Parks, Inc. for $187.50 per share, amounting to approximately $7.6 billion in an all-cash deal, including expenses. The transaction, first announced on April 25, 2022, positions Blackstone as a leading player in commercial real estate, enhancing its extensive portfolio of multi-tenant industrial properties and suburban office spaces. PSB manages 93 sites with 4,800 tenants and 27 million square feet of space, strengthening Blackstone's foothold in key coastal markets.