Blackstone Mortgage Trust Reports Second Quarter 2024 Results
Blackstone Mortgage Trust (NYSE: BXMT) reported its Q2 2024 results, revealing a net loss of $61 million. Key financial metrics include:
- EPS: ($0.35)
- Distributable EPS: $0.49
- Distributable EPS prior to charge-offs: $0.56
- Dividends paid per basic share: $0.62
BXMT declared a Q3 2024 dividend of $0.47 per share, payable on October 15, 2024. The Board also authorized a $150 million share repurchase program. CEO Katie Keenan emphasized the company's strong liquidity, accelerating repayments, and emerging investment pipeline, positioning BXMT for accretive capital deployment in the current environment.
Blackstone Mortgage Trust (NYSE: BXMT) ha riportato i risultati per il secondo trimestre del 2024, rivelando una perdita netta di 61 milioni di dollari. I principali indicatori finanziari includono:
- EPS: ($0,35)
- EPS distribuibile: $0,49
- EPS distribuibile prima delle svalutazioni: $0,56
- Dividendi pagati per azione di base: $0,62
BXMT ha dichiarato un dividendo per il terzo trimestre del 2024 di $0,47 per azione, pagabile il 15 ottobre 2024. Il Consiglio ha anche autorizzato un programma di riacquisto di azioni da 150 milioni di dollari. Il CEO Katie Keenan ha sottolineato la forte liquidità dell'azienda, il rimborso accelerato e il nascente pipeline di investimenti, posizionando BXMT per un impiego di capitale redditizio nell'attuale contesto.
Blackstone Mortgage Trust (NYSE: BXMT) informó sus resultados del segundo trimestre de 2024, revelando una pérdida neta de 61 millones de dólares. Las métricas financieras clave incluyen:
- EPS: ($0,35)
- EPS distribuible: $0,49
- EPS distribuible antes de las bajas: $0,56
- Dividendos pagados por acción básica: $0,62
BXMT declaró un dividendo de $0,47 por acción para el tercer trimestre de 2024, pagadero el 15 de octubre de 2024. La Junta también autorizó un programa de recompra de acciones de 150 millones de dólares. La CEO Katie Keenan enfatizó la sólida liquidez de la empresa, el acelerado reembolso de deudas y la emergente cartera de inversiones, posicionando a BXMT para una implementación de capital rentable en el entorno actual.
블랙스톤 모기지 트러스트 (NYSE: BXMT)는 2024년 2분기 실적을 발표하며 6,100만 달러의 순손실을 기록했습니다. 주요 재무 지표는 다음과 같습니다:
- 주당 순이익 (EPS): ($0.35)
- 분배 가능한 주당 순이익: $0.49
- 충당금 차감 전 분배 가능한 주당 순이익: $0.56
- 기본 주식당 지급된 배당금: $0.62
BXMT는 2024년 3분기 배당금을 주당 $0.47로 선언했으며, 2024년 10월 15일에 지급될 예정입니다. 이사회는 또한 1억 5천만 달러의 자사주 매입 프로그램을 승인했습니다. CEO 케이티 키넌은 회사의 강력한 유동성, 가속화된 채무 상환, 새로운 투자 파이프라인을 강조하며, BXMT가 현재의 환경에서 자본을 효과적으로 배치할 준비가 되어 있다고 밝혔습니다.
Blackstone Mortgage Trust (NYSE: BXMT) a publié ses résultats pour le deuxième trimestre 2024, révélant une perte nette de 61 millions de dollars. Les principaux indicateurs financiers comprennent :
- BPA : ($0,35)
- BPA distribuable : $0,49
- BPA distribuable avant amortissements : $0,56
- Dividendes payés par action ordinaire : $0,62
BXMT a déclaré un dividende de $0,47 par action pour le troisième trimestre 2024, payable le 15 octobre 2024. Le Conseil a également autorisé un programme de rachat d'actions de 150 millions de dollars. La PDG Katie Keenan a souligné la forte liquidité de l'entreprise, le remboursement accéléré et le pipeline d'investissement émergent, positionnant BXMT pour un déploiement de capital rentable dans l'environnement actuel.
Blackstone Mortgage Trust (NYSE: BXMT) hat seine Ergebnisse für das zweite Quartal 2024 bekannt gegeben und einen Nettoverlust von 61 Millionen Dollar gemeldet. Wichtige finanzielle Kennzahlen umfassen:
- EPS: ($0,35)
- Ausschüttbares EPS: $0,49
- Ausschüttbares EPS vor Abschreibungen: $0,56
- Dividende pro Stammaktie: $0,62
BXMT hat eine Dividende von $0,47 pro Aktie für das dritte Quartal 2024 erklärt, die am 15. Oktober 2024 zahlbar ist. Der Vorstand hat auch ein Aktienrückkaufprogramm über 150 Millionen Dollar genehmigt. CEO Katie Keenan betonte die starke Liquidität des Unternehmens, beschleunigte Rückzahlungen und die entstehende Investitionspipeline, wodurch BXMT für eine gewinnbringende Kapitalverwendung in der gegenwärtigen Umgebung positioniert ist.
- Authorization of $150 million share repurchase program
- Strong liquidity position
- Accelerating loan repayments
- Emerging investment pipeline for potential growth
- Net loss of $61 million in Q2 2024
- Negative EPS of ($0.35)
- Reduction in quarterly dividend from $0.62 to $0.47 per share
Blackstone Mortgage Trust (BXMT) reported a net loss of
The earnings per share (EPS) data offers a mixed view. While the EPS stands at
The share repurchase program of
The dividend of
Katie Keenan's comments about balancing current returns with long-term earnings potential suggest a strategy that aims for stability and gradual growth, rather than immediate gains. This could appeal to more conservative investors looking for steady, if slow, return on investment.
The mention of an emerging investment pipeline is noteworthy. This signals that BXMT is positioning itself for future opportunities, likely in sectors experiencing growth or transformation. An emerging investment pipeline could mean that the company is looking to deploy capital in innovative or high-growth areas, which could enhance its long-term profitability.
Investors should watch for updates on specific sectors or technologies BXMT is targeting, as these could offer insights into future financial performance and strategic direction.
In addition, BXMT declared a dividend of
BXMT also announced that its Board of Directors has authorized a share repurchase program for up to
Katie Keenan, Chief Executive Officer, said, “We believe stockholder return is well served by balancing current return with optimization of book value and long-term earnings potential through our strategic capital allocation decisions. We assess the dividend with the Board each quarter, prudently considering a variety of factors, and our Board has declared a third quarter dividend of
Blackstone Mortgage Trust issued a full presentation of its second quarter 2024 results, which can be viewed at www.bxmt.com. An updated investor presentation may also be viewed on the website.
Quarterly Investor Call Details
Blackstone Mortgage Trust will host a conference call today at 9:00 a.m. ET to discuss results. To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1678028&tp_key=56a32bd9f3. For those unable to listen to the live broadcast, a recorded replay will be available on the company's website at www.bxmt.com beginning approximately two hours after the event.
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
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
Forward-Looking Statements and Other Matters
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.
We refer to “Distributable EPS” and “Distributable EPS prior to charge-offs,” which are non-GAAP financial measures, in this press release. A reconciliation to net income (loss) attributable to Blackstone Mortgage Trust, the most directly comparable GAAP measure, is included in our full detailed presentation of second quarter 2024 results and is available on our website at www.bxmt.com.
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Source: Blackstone Mortgage Trust, Inc.
FAQ
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