NEW YORK–(BUSINESS WIRE)–Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its third quarter 2024 results. The net loss attributable to Blackstone Mortgage Trust for the quarter was $56 million. Third quarter EPS, Distributable EPS, Distributable EPS prior to charge-offs, and dividends paid per basic share were ($0.32), $0.39, $0.49, and $0.47, respectively.
Katie Keenan, Chief Executive Officer, said, “The emerging real estate market recovery is driving strong momentum in BXMT’s business, with repayments, resolutions, and redeployment all accelerating. With $1.5 billion of liquidity and an expanding global pipeline, we are well positioned to capitalize on today’s attractive investment environment.”
Blackstone Mortgage Trust issued a full presentation of its third quarter 2024 results, which can be viewed at www.bxmt.com. An updated investor presentation may also be viewed on the website.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from our loan portfolio. Our portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These senior loans are capitalized by accessing a variety of financing options, depending on our view of the most prudent strategy available for each of our investments. We are externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone. Further information is available at www.bxmt.com.
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1.1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
