Blackstone Mtg Tr Inc Stock Price, News & Analysis

Blackstone Mortgage Trust (BXMT) has declared a dividend of $0.62 per share for Q2 2022, payable on July 15, 2022, to shareholders of record by June 30, 2022. The company originates senior loans secured by commercial real estate across North America, Europe, and Australia, focusing on maintaining shareholder capital and generating consistent dividends from its loan portfolio. Blackstone Mortgage Trust's investment strategy emphasizes risk-adjusted returns through high-quality institutional asset financing.

Blackstone Mortgage Trust (NYSE: BXMT) has been awarded the 2022 NAREIT Gold Investor CARE Award for Communications and Reporting Excellence, specifically in the mortgage REIT category. This accolade emphasizes the company's commitment to financial transparency and effective communication with investors. CEO Katie Keenan highlighted the importance of transparency and accessibility in fostering investor trust. The award criteria involved assessment of the company's online presence and investor relations practices.

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.