earnings
confidence high
sentiment positive
materiality 0.70
Blackstone Mortgage Trust Q2 Distributable EPS $0.67, portfolio grows to $26.5B
BLACKSTONE MORTGAGE TRUST, INC.
2022-Q2 EPS reported
$1.12
- Q2 net income $93.3M; GAAP EPS $0.55; Distributable EPS $0.67, up from $0.62 in Q1.
- Dividend declared $0.62/share, 108% coverage; 99.9% floating-rate portfolio.
- Portfolio grew $1.4B net to $26.5B; $3.0B originations at average 59% LTV.
- Each 100bp rate increase adds ~$0.15/share annual incremental EPS.
- Liquidity $1.5B; raised $500M 7-year Term Loan B; no credit downgrades, 100% interest collections.