Blackstone Mortgage Trust Declares $0.62 Per Share Dividend

Rhea-AI Summary

Blackstone Mortgage Trust (NYSE: BXMT) announced a $0.62 per share dividend for its class A common stock for Q2 2024.

The dividend will be paid on July 15, 2024, to shareholders who are on record as of June 28, 2024.

Positive

• Declaring a dividend of $0.62 per share indicates a strong cash position.
• The company's consistent dividend payments may attract income-focused investors.
• The announcement provides a specific timeline for the dividend payout, adding transparency.

Negative

• The financial health of Blackstone Mortgage Trust could be strained if future earnings don't support the dividend payout.
• Dividend payments could limit the company's ability to reinvest in growth opportunities.
• Shareholders who purchase after June 28, 2024, will not receive this dividend.

NEW YORK--(BUSINESS WIRE)-- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock with respect to the second quarter of 2024. This dividend is payable on July 15, 2024 to stockholders of record as of the close of business on June 28, 2024.

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 is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Forward-Looking Statements 
This press release contains 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 BXMT’s current views with respect to, among other things, its operations and financial performance, its business plans and the impact of the current macroeconomic environment, including interest rate changes. 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. BXMT 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, 2023, as such factors may be 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. BXMT 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/20240614675162/en/

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Source: Blackstone Mortgage Trust, Inc.

FAQ

What is the dividend amount declared by Blackstone Mortgage Trust (BXMT) for Q2 2024?

Blackstone Mortgage Trust declared a dividend of $0.62 per share for Q2 2024.

When will Blackstone Mortgage Trust (BXMT) pay the Q2 2024 dividend?

The Q2 2024 dividend will be paid on July 15, 2024.

Who is eligible to receive the Q2 2024 dividend from Blackstone Mortgage Trust (BXMT)?

Shareholders of record as of June 28, 2024, will be eligible to receive the dividend.

What is the stock symbol for Blackstone Mortgage Trust?

The stock symbol for Blackstone Mortgage Trust is BXMT.