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Blackstone Mtg Tr Inc - BXMT STOCK NEWS

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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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Blackstone Mortgage Trust (BXMT) reported a strong performance for the fourth quarter and full year 2022, with a net income of $248.6 million. The company achieved a full year EPS of $1.46, Distributable EPS of $2.87, and paid dividends of $2.48 per share. CEO Katie Keenan highlighted the resilience of BXMT amidst market volatility, emphasizing the organization's durable earnings power, liquidity, and strong balance sheet. The full presentation of results can be accessed at www.bxmt.com. A conference call to discuss these results is scheduled for 9:00 a.m. ET today.

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Blackstone Mortgage Trust (NYSE: BXMT) has appointed Gilda Perez-Alvarado, a global hospitality expert, to its Board of Directors, effective immediately. She replaces Martin L. Edelman, who has stepped down after years of service. As the Global CEO of JLL Hotels & Hospitality Group, Perez-Alvarado brings extensive experience in investment sales and capital markets. Executive Chairman Michael B. Nash expressed confidence in her ability to enhance BXMT's strategic direction. Perez-Alvarado is keen to collaborate with the existing board to ensure strong results for investors.

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Blackstone Mortgage Trust (BXMT) has announced the tax treatment of its 2022 class A common stock dividends, detailing its dividend payments for the year ending December 31, 2022. The total dividends for the year amount to $2.48 per share, with a cash distribution of $0.62 per share reported for the final payment on January 13, 2023. Due to exceeding earnings, a portion of this payment will be reported as a 2023 distribution on Form 1099. Ordinary dividends may qualify for a 20% deduction under IRC Section 199A. Investors are advised to consult their tax advisors regarding implications.

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Corporate Office Properties Trust (NYSE: OFC) announced the formation of two joint ventures with Blackstone Real Estate, acquiring a 90% interest in five data center shell properties valued at approximately $278 million. This acquisition, completed through two transactions, generated about $250 million for COPT, which will fund its development pipeline. The Company expects not to raise additional equity capital in 2023, indicating strong capital management.

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Blackstone Mortgage Trust (NYSE: BXMT) will release its fourth quarter and full year 2022 earnings on February 8, 2023. The earnings presentation will be available on its website, and a conference call will occur at 9:00 a.m. ET the same day to discuss the results. BXMT focuses on originating senior loans collateralized by commercial real estate in North America, Europe, and Australia. The company aims to protect shareholder capital while providing attractive dividends from its loan portfolio.

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Blackstone Mortgage Trust (NYSE: BXMT) has declared a quarterly dividend of $0.62 per share for Q4 2022. This dividend, aimed at providing attractive risk-adjusted returns, is payable on January 13, 2023 to stockholders recorded by the close of business on December 30, 2022. BXMT focuses on senior loans collateralized by commercial real estate in North America, Europe, and Australia, ensuring capital preservation and income generation through a solid investment strategy.

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Blackstone Mortgage Trust (BXMT) reported net income of $103.2 million for Q3 2022, with earnings per share (EPS) at $0.60 and a distributable EPS of $0.71. The dividend paid per share was $0.62. CEO Katie Keenan emphasized the company’s strong performance amidst market volatility, citing substantial earnings growth and a solid balance sheet. BXMT is focused on preserving capital and generating attractive returns through a well-managed loan portfolio secured by high-quality assets across major markets.

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Blackstone has successfully completed the acquisition of Bluerock Residential Growth REIT at $24.25 per share, totaling $3.6 billion in cash. This acquisition aligns with Blackstone's strategy to expand its real estate portfolio. Additionally, Bluerock has spun off its single-family rental business into an externally managed REIT, Bluerock Homes Trust, which started trading on the NYSE American. The transaction was initially announced on December 20, 2021, and signifies strategic growth for both firms in the competitive real estate market.

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Blackstone Mortgage Trust (BXMT) announced it will release its third quarter 2022 earnings presentation on its website on October 26, 2022. The Form 10-Q will be filed pre-market, followed by a conference call at 9:00 a.m. ET to discuss the results. Blackstone Mortgage Trust focuses on originating senior loans secured by commercial real estate in North America, Europe, and Australia, aiming to generate attractive returns primarily through dividends from its loan portfolio.

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Blackstone Mortgage Trust (NYSE: BXMT) has announced a third-quarter dividend of $0.62 per share, payable on October 14, 2022. Stockholders of record as of September 30, 2022 will receive this payment. The company focuses on originating senior loans backed by commercial real estate across North America, Europe, and Australia, aiming for attractive risk-adjusted returns and capital preservation for shareholders.

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FAQ

What is the current stock price of Blackstone Mtg Tr (BXMT)?

The current stock price of Blackstone Mtg Tr (BXMT) is $20.25 as of February 21, 2025.

What is the market cap of Blackstone Mtg Tr (BXMT)?

The market cap of Blackstone Mtg Tr (BXMT) is approximately 3.5B.

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 Mtg Tr Inc

NYSE:BXMT

BXMT Rankings

BXMT Stock Data

3.53B
160.60M
1.37%
66.17%
12.06%
REIT - Mortgage
Real Estate Investment Trusts
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United States
NEW YORK