Blackstone Mortgage Trust, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 04:17 pm IST
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Blackstone Mortgage Trust, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was USD 29.52 million compared to USD 103.25 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.6 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.59 a year ago.
For the nine months, net income was USD 248.93 million compared to USD 296.18 million a year ago. Basic earnings per share from continuing operations was USD 1.44 compared to USD 1.74 a year ago. Diluted earnings per share from continuing operations was USD 1.44 compared to USD 1.71 a year ago.
Blackstone Mortgage Trust, Inc. is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. The Companyâs investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from its loan portfolio. Its portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These senior loans are capitalized by accessing a variety of financing options, depending on its view of the most prudent strategy available for each of its investments. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company is externally managed by BXMT Advisors L.L.C.