Blackstone Mortgage Trust Q4 GAAP loss $0.28/share; Distributable EPS $0.87; dividend coverage 116%

BLACKSTONE MORTGAGE TRUST, INC.

2022-FY EPS reported $1.46

Full year 2022 net income $248.6M ($1.46 EPS); Distributable EPS $2.87; dividends $2.48/share.
Q4 GAAP net loss of $47.5M ($0.28/share) due to $188.8M increase in CECL reserve.
Q4 Distributable EPS $0.87; dividend coverage 140% in Q4, 116% full year.
Portfolio $26.8B, 100% interest collected in 2022; $1.6B liquidity with no debt maturities until 2026.
New originations in 2H22 of $674M (70% industrial) at higher spreads; office repayments $1.7B in 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BLACKSTONE MORTGAGE TRUST, INC. reported fourth quarter and full year ended December 31, 2022 results: net income $248.6 million, EPS $1.46.

Period: fourth quarter and full year ended December 31, 2022
Net income: $248.6 million
EPS: $1.46
Result: reported results

Exact text from the filing

Net income attributable to Blackstone Mortgage Trust for the full year was $248.6 million. Full year EPS, Distributable EPS, and dividends paid per share were $1.46, $2.87, and $2.48, respectively.

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Source: SEC EDGAR

accession 0001061630-23-000011

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