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Blackstone Mortgage Trust, Inc. (NEW) - BXMT STOCK NEWS

Welcome to our dedicated page for Blackstone Mortgage Trust (NEW) news (Ticker: BXMT), a resource for investors and traders seeking the latest updates and insights on Blackstone Mortgage Trust (NEW) stock.

Blackstone Mortgage Trust, Inc. (BXMT) is a prominent real estate finance company primarily engaged in the origination and acquisition of senior loans secured by commercial properties. Operating extensively across North America, Europe, and Australia, BXMT's asset portfolio predominantly consists of floating rate loans anchored by senior mortgages. The company focuses on high-value properties, including office spaces, hotels, and manufactured housing, with key assets located in prime regions such as New York, California, and the United Kingdom.

Managed by a subsidiary of The Blackstone Group, Blackstone Mortgage Trust leverages the extensive market data and insights provided by its parent entity. This relationship underpins its strategic operations and market decisions, enhancing its competitive edge. The company's primary source of revenue is interest income generated from its extensive loan portfolio.

In recent developments, Blackstone Mortgage Trust has continued to solidify its position in the market through strategic acquisitions and the origination of high-quality loans. The company’s robust financial health and strategic partnerships underscore its commitment to delivering sustainable growth and value to its shareholders.

BXMT's ongoing projects reflect its dedication to maintaining a diversified and resilient real estate portfolio, ensuring steady revenue streams and mitigating risks associated with market fluctuations. By focusing on prime commercial properties and leveraging the expertise of The Blackstone Group, Blackstone Mortgage Trust remains a key player in the real estate finance sector.

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Hotel del Coronado Announces $160 Million Investment to Restore Historic Victorian Building
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Blackstone Mortgage Trust, Inc. will publish its Q3 2023 earnings presentation on October 25, 2023, and file its Form 10-Q pre-market. A conference call will be held at 9:00 a.m. ET to review results.
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Blackstone Mortgage Trust, Inc. declares dividend of $0.62 per share for Q3 2023.
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Blackstone Mortgage Trust, Inc. (BXMT) reported Q2 2023 results with net income of $102 million and EPS of $0.59. CEO Katie Keenan highlighted the company's strong earnings and preserved book value, emphasizing record liquidity and a well-structured balance sheet. A conference call will be held at 9:00 a.m. ET to discuss the results.
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Prologis to acquire nearly 14 million square feet of industrial properties from Blackstone for $3.1 billion. The acquisition price represents a 4% cap rate in the first year and a 5.75% cap rate when adjusting to today's market rents.
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Blackstone Mortgage Trust (BXMT) reported a net income of $118 million for Q1 2023, with an earnings per share (EPS) of $0.68 and Distributable EPS of $0.79. The dividends paid per share were $0.62, reflecting strong dividend coverage driven by the robust performance of its senior, floating-rate loan portfolio. CEO Katie Keenan emphasized the company's solid balance sheet and substantial liquidity, which positions BXMT well in the current macroeconomic environment. A detailed presentation of the quarter's results is available on their website.

Additionally, BXMT will host a conference call at 9:00 a.m. ET to further discuss these results.

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Blackstone has successfully closed its latest global real estate fund, Blackstone Real Estate Partners X (BREP X), accumulating $30.4 billion in total capital commitments. This represents the largest real estate or private equity drawdown fund ever raised, contributing to a total of $50 billion across Blackstone's three opportunistic strategies. With a solid track record, Blackstone has achieved a 16% net IRR on over $100 billion in BREP global funds in over 30 years. To adapt to market changes, Blackstone has shifted its investment focus, with about 80% in logistics, rental housing, hospitality, lab office, and data centers. Blackstone's leadership acknowledges that the current market volatility presents unique investment opportunities.

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Blackstone Mortgage Trust (NYSE: BXMT) announced the release of its first quarter 2023 earnings presentation on its website on April 26, 2023. The earnings report will be filed via Form 10-Q before the market opens. A conference call is scheduled at 9:00 a.m. ET on the same day to discuss the results. The Company focuses on originating senior loans collateralized by commercial real estate across North America, Europe, and Australia, with a commitment to preserving shareholder capital while generating attractive risk-adjusted returns through dividends from its loan portfolio.

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FAQ

What is the current stock price of Blackstone Mortgage Trust (NEW) (BXMT)?

The current stock price of Blackstone Mortgage Trust (NEW) (BXMT) is $18.78 as of November 21, 2024.

What is the market cap of Blackstone Mortgage Trust (NEW) (BXMT)?

The market cap of Blackstone Mortgage Trust (NEW) (BXMT) is approximately 3.2B.

What does Blackstone Mortgage Trust, Inc. (BXMT) do?

BXMT is a real estate finance company that originates and acquires senior loans secured by commercial properties in North America, Europe, and Australia.

Where are Blackstone Mortgage Trust's key assets located?

The key assets are primarily located in New York, California, and the United Kingdom.

What type of properties does BXMT focus on?

BXMT focuses on office spaces, hotels, and manufactured housing properties.

How does Blackstone Mortgage Trust generate revenue?

Blackstone Mortgage Trust generates nearly all of its revenue from interest income derived from its extensive loan portfolio.

Who manages Blackstone Mortgage Trust?

Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group.

What is the significance of BXMT's relationship with The Blackstone Group?

The relationship provides BXMT with valuable market data and insights, enhancing its strategic operations and market decisions.

What are recent achievements of Blackstone Mortgage Trust?

BXMT has recently strengthened its market position through strategic acquisitions and the origination of high-quality loans.

What is the primary focus of BXMT's current projects?

The focus is on maintaining a diversified and resilient real estate portfolio, ensuring steady revenue streams.

What type of loans are included in BXMT's portfolio?

The portfolio primarily consists of floating rate loans anchored by senior mortgages.

How does BXMT mitigate market risks?

BXMT mitigates risks by focusing on prime commercial properties and leveraging the expertise of The Blackstone Group.

Blackstone Mortgage Trust, Inc. (NEW)

NYSE:BXMT

BXMT Rankings

BXMT Stock Data

3.23B
170.80M
1.32%
66.83%
13.53%
REIT - Mortgage
Real Estate Investment Trusts
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United States of America
NEW YORK