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

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.

MGM Resorts International has finalized the acquisition of Infinity World Development Corp's 50% stake in CityCenter Holdings for $2.125 billion. Additionally, the company completed a sale-leaseback transaction with Blackstone for the real estate assets of Aria and Vdara valued at $3.89 billion. Following these deals, MGM has eliminated CityCenter's total debt of $1.73 billion, while maintaining operational management of the properties. As of June 30, 2021, CityCenter had $307 million in cash reserves.

Blackstone has announced the sale of The Cosmopolitan of Las Vegas for $5.65 billion. Since acquiring the property in 2014, Blackstone invested over $500 million in renovations, enhancing guest rooms, dining options, and gaming amenities. The property exceeded pre-COVID performance levels in Q2 2021. MGM Resorts International will acquire operations, while Cherng Family Trust and Stonepeak Partners will purchase the real estate. The transaction is expected to close in early 2022, subject to regulatory approvals.

Blackstone Mortgage Trust (NYSE:BXMT) announced a private offering of $400 million in aggregate principal amount of its 3.750% senior secured notes due 2027. The offering closes on October 5, 2021, and the Notes will be guaranteed by wholly owned subsidiaries. This private transaction is aimed at qualified institutional buyers under Regulation S and Rule 144A of the Securities Act. The Notes have not been registered under the Securities Act, and their resale is subject to applicable laws.

Blackstone Mortgage Trust (NYSE:BXMT) has launched a private offering of $400 million in senior secured notes due 2027. These notes will be fully guaranteed by domestic subsidiaries of the company. The offering is made under an exemption from the Securities Act, targeting qualified institutional buyers in the U.S. and investors outside the U.S. The notes have not been registered and cannot be sold in the U.S. without registration or an exemption. Blackstone Mortgage Trust focuses on preserving shareholder capital and generating attractive dividends through real estate collateralized loans.

Condor Hospitality Trust (NYSE: CDOR) has entered an agreement to sell its entire hotel portfolio for $305 million in an all-cash transaction with Blackstone Real Estate Partners. Closing is anticipated in Q4 2021, pending shareholder approval. The transaction has support from shareholders holding approximately 60% of common shares. Additionally, the company's Board has approved a Plan of Liquidation to wind down operations and distribute net proceeds to shareholders after satisfying liabilities. More information will be filed with the SEC.