earnings
confidence high
sentiment positive
materiality 0.85
BXMT Q3 GAAP EPS $0.60, Distributable EPS $0.71; dividend $0.62 covered at 115%
BLACKSTONE MORTGAGE TRUST, INC.
2022-Q3 EPS reported
$1.71
- Net income $103.2M; GAAP EPS $0.60; Distributable EPS $0.71, up 13% YoY.
- Q3 dividend $0.62/share (10.3% annualized yield); 115% coverage by Distributable Earnings.
- Portfolio $26.1B (100% floating-rate), 99% performing; record liquidity $1.7B.
- Weighted avg origination LTV 64%; rate caps on 96% of portfolio; no capital markets mark-to-market.
- Q3 originations $438M (78% industrial) at avg 58% LTV and +5.41% yield.