Blackstone Mtg Tr Inc Stock Price, News & Analysis

Blackstone Mortgage Trust (NYSE: BXMT) has announced its schedule for the release of fourth-quarter and full-year 2024 financial results. The company will publish its earnings presentation on its website www.bxmt.com and file its Form 10-K before market opening on Wednesday, February 12, 2025.

A conference call will be held the same day at 9:00 a.m. ET to discuss the results. The company will provide a webcast replay on their website approximately two hours after the event for those unable to attend the live broadcast.

Blackstone Mortgage Trust (NYSE: BXMT) has announced a quarterly dividend of $0.47 per share for its class A common stock for the fourth quarter of 2024. The dividend will be paid on January 15, 2025, to shareholders who are registered as stockholders by the close of business on December 31, 2024.

Blackstone (NYSE: BX) has announced its largest-ever real estate investment in Japan, acquiring Tokyo Garden Terrace Kioicho for $2.6 billion (JPY 400 billion) from Seibu Holdings. This marks the largest real estate investment by a foreign investor in Japan. The 2.4-million-square-feet mixed-use asset includes two high-rise towers featuring a fully occupied Grade A+ office, 135 high-end residential units, a 250-key luxury hotel, conference venues, and over 30 retail establishments.

Since 2013, Blackstone has acquired $16 billion in Japanese real estate assets. The company will maintain partnership with Seibu Group, which will continue managing the asset and hotel operations. This acquisition aligns with Blackstone's global real estate portfolio, which includes $325 billion of investor capital under management across various sectors including logistics, data centers, residential, office, and hospitality.

Blackstone Mortgage Trust (NYSE: BXMT) has priced a private offering of $450 million in 7.750% senior secured notes due 2029. The company plans to use the net proceeds for general corporate purposes, including paying down existing secured indebtedness. The offering, to qualified institutional buyers in the US and international investors under Regulation S, is expected to close on December 10, 2024, subject to customary conditions. The notes and related guarantees are not registered under the Securities Act and cannot be offered or sold in the US without registration or exemption.

Blackstone Mortgage Trust (NYSE: BXMT) has announced a private offering of $450 million in senior secured notes due 2029. The company plans to use the net proceeds for general corporate purposes, including paying down existing secured debt. The offering is to qualified institutional buyers in the US under Rule 144A and international investors under Regulation S. The notes and related guarantees have not been registered under the Securities Act and cannot be offered or sold in the US without registration or exemption.

Blackstone Mortgage Trust (NYSE: BXMT) reported significant progress in loan repayments and resolutions during the current quarter. The company collected $1.0 billion in total repayments and completed $0.4 billion in non-performing loan resolutions. Year-to-date resolutions reached $0.9 billion, with an additional $1.0 billion of non-performing loan resolutions in closing. These resolutions represent over 60% of total non-performing loans as of September 30, 2024, achieved at or above carrying values.

Blackstone has announced plans to acquire Retail Opportunity Investments Corp. (ROIC) in an all-cash transaction valued at approximately $4 billion, including outstanding debt. The deal values ROIC shares at $17.50 per share, representing a 34% premium to ROIC's closing price on July 29, 2024. ROIC's portfolio includes 93 grocery-anchored retail properties totaling 10.5 million square feet across Los Angeles, Seattle, San Francisco, and Portland. The transaction, approved by ROIC's Board of Directors, is expected to close in the first quarter of 2025, subject to stockholder approval and customary conditions.

Blackstone Mortgage Trust (NYSE: BXMT) reported a net loss of $56 million in Q3 2024. The company posted third quarter EPS of ($0.32), Distributable EPS of $0.39, Distributable EPS prior to charge-offs of $0.49, and paid dividends of $0.47 per basic share. CEO Katie Keenan highlighted the emerging real estate market recovery, noting accelerated repayments, resolutions, and redeployment. The company maintains $1.5 billion in liquidity and is pursuing an expanding global pipeline in the current investment environment.

Blackstone Mortgage Trust (NYSE: BXMT) has announced its schedule for the release of third quarter 2024 earnings. The company will publish its earnings presentation on www.bxmt.com and file its Form 10-Q pre-market on Wednesday, October 23, 2024. Additionally, BXMT will host a conference call at 9:00 a.m. ET on the same day to review the results. Investors can register for the webcast using the provided link. For those unable to attend the live broadcast, a webcast replay will be available on the company's website approximately two hours after the event.