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

Bluerock Residential Growth REIT (NYSE American: BRG) announced a definitive agreement with Blackstone Real Estate to acquire all outstanding shares for $24.25 per share, totaling $3.6 billion. The acquisition covers 30 multifamily properties with approximately 11,000 units, primarily located in major cities like Atlanta and Phoenix. Concurrently, BRG plans to spin off its single-family rental business into a new entity, Bluerock Homes Trust (BHOM). This transaction, expected to close in Q2 2022, represents a 124% premium over BRG's stock price prior to the acquisition announcement.

Blackstone Mortgage Trust (NYSE: BXMT) announced a $0.62 per share dividend for Q4 2021, payable on January 14, 2022, to shareholders on record as of December 31, 2021. The company focuses on originating senior loans collateralized by commercial real estate across North America, Europe, and Australia. The investment objective is to preserve shareholder capital while generating attractive risk-adjusted returns primarily through dividends from its loan portfolio.

Blackstone (NYSE: BX) and Cabot Properties announced the acquisition of $2.8 billion in logistics assets across the U.S. and Europe. Blackstone's Real Estate Income Trust acquired a 102-property U.S. portfolio totaling 15.2 million sq. ft., while 22 properties in Europe, covering 2.2 million sq. ft., were purchased by Blackstone’s European Core+ business. This transaction caps a 20-year investment program for Cabot, contributing to a total of approximately $5 billion in three major deals with Blackstone in four years.

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has successfully closed its public offering of 10,000,000 shares of class A common stock, raising approximately $314 million in net proceeds after expenses. The company plans to allocate these funds for working capital and to support the origination of additional commercial mortgage loans and investments. The underwriters were granted a 30-day option to purchase up to 1,500,000 additional shares. Major financial institutions, including Citigroup and BofA Securities, managed the offering.

Blackstone Mortgage Trust (NYSE: BXMT) announced a public offering of 10 million shares of its Class A common stock, with additional 1.5 million shares available to underwriters. The offering is expected to close on November 23, 2021, with total gross proceeds estimated at $318 million or $365 million if options are exercised. Proceeds will be used for working capital and originating commercial mortgage loans. Major banks including Citigroup and J.P. Morgan are managing the offering.

Blackstone Mortgage Trust (NYSE: BXMT) announced a public offering of 10,000,000 shares of its class A common stock, with an option for underwriters to purchase an additional 1,500,000 shares. The proceeds will support working capital and the origination of commercial mortgage loans. The offering will utilize the company’s effective shelf registration statement filed with the SEC. Joint book-running managers include Citigroup, BofA Securities, Barclays, Deutsche Bank, J.P. Morgan, and Wells Fargo.

Blackstone Mortgage Trust (NYSE:BXMT) reported strong third quarter 2021 results, with EPS at $0.56 and Distributable EPS at $0.63, supporting dividends of $0.62 per share. CEO Katie Keenan highlighted significant growth, attributing $4.7 billion in new originations to a portfolio expansion of $2.9 billion, resulting in a total portfolio of $22.0 billion in high-quality senior loans. The company continues to cover its dividend commitments through robust distributable earnings as it manages a diverse loan portfolio across North America, Europe, and Australia.

Blackstone Mortgage Trust (NYSE: BXMT) will release its third quarter 2021 earnings presentation on October 27, 2021, filing the Form 10-Q pre-market. A conference call is scheduled for 9:00 a.m. ET on the same day to discuss the results. The earnings presentation will be available on the company's website, www.bxmt.com. This marks a significant opportunity for investors to evaluate BXMT’s performance and strategic direction.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) has successfully closed a private offering of $400 million in its 3.750% senior secured notes due 2027. After deducting estimated expenses, the net proceeds amount to approximately $395 million. The offering was made to qualified institutional buyers, exempting it from the registration requirements under the Securities Act. The notes are secured and guaranteed by the company's subsidiaries. This funding supports BXMT's business strategy focused on originating senior loans collateralized by commercial real estate.