Blackstone Mortgage Trust Declares $0.62 Per Share Dividend

Rhea-AI Summary

Blackstone Mortgage Trust (NYSE: BXMT) has declared a dividend of $0.62 per share for Q4 2020, payable on January 15, 2021 to stockholders on record as of December 31, 2020. The company focuses on originating senior loans secured by commercial real estate across North America, Europe, and Australia, with a commitment to preserving shareholder capital and providing attractive risk-adjusted returns. BXMT is externally managed by BXMT Advisors, a subsidiary of Blackstone, which manages $584 billion in assets.

Positive

• Dividend of $0.62 per share indicates strong cash flow and commitment to shareholders.
• Focus on high-quality, institutional asset-backed loans supports company stability.

Negative

• Potential risks associated with forward-looking statements regarding COVID-19 impact on operations.
• Dependence on external management may limit operational control.

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock with respect to the fourth quarter of 2020. This dividend is payable on January 15, 2021 to stockholders of record as of the close of business on December 31, 2020.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust (NYSE:BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from our loan portfolio. Our 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 our view of the most prudent strategy available for each of our investments. We are externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone. Further information is available at www.bxmt.com.

About Blackstone

Blackstone (NYSE: BX) is one of the world’s leading investment firms. Blackstone seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. Blackstone’s asset management businesses, with $584 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone. 

Forward-Looking Statements

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Blackstone Mortgage Trust’s current views with respect to, among other things, Blackstone Mortgage Trust’s operations and financial performance and the impact of the COVID-19 pandemic. You can identify these forward-looking statements by the use of words such as “outlook,” “objective,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Blackstone Mortgage Trust believes these factors include but are not limited to those described under the section entitled “Risk Factors” in its Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2020, as such factors may be further updated from time to time in its periodic filings with the Securities and Exchange Commission (“SEC”) which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the filings. Blackstone Mortgage Trust assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201215006142/en/

FAQ

What is the dividend amount declared by BXMT for Q4 2020?

Blackstone Mortgage Trust declared a dividend of $0.62 per share for Q4 2020.

When will the BXMT dividend be paid?

The dividend will be payable on January 15, 2021.

What is the record date for BXMT's dividend payment?

The record date for the dividend payment is December 31, 2020.

What type of loans does BXMT primarily focus on?

BXMT primarily focuses on senior loans collateralized by commercial real estate.

How does BXMT aim to generate returns for shareholders?

BXMT aims to generate returns primarily through dividends from its loan portfolio.