earnings
confidence high
sentiment positive
materiality 0.75
BXMT Q4 EPS $0.76, Distributable EPS $0.78; full-year EPS $2.77, record $14.6B originations
BLACKSTONE MORTGAGE TRUST, INC.
2021-FY EPS reported
$2.77
- Full-year 2021: EPS $2.77, Distributable EPS $2.62, dividends paid $2.48 per share (106% coverage).
- Q4 2021: GAAP EPS $0.76, Distributable EPS $0.78; net income $123.9M.
- Record 2021 originations $14.6B; portfolio grew $5.9B to $24.0B (up from $18.2B year-end 2020).
- Book value $27.22 per share (+$0.80 in 2021); CECL reserve reduced 29% YoY.
- Capital markets: $400M secured notes, $623M term loan upsizing, $1B CLO, $3.7B new credit facilities.