secwatch.observer — SEC 8-K summary
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Issuer:     BLACKSTONE MORTGAGE TRUST, INC. (BXMT)
CIK:        0001061630
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001061630-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061630/000106163023000011/0001061630-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061630/000106163023000011/bxmt-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001061630-23-000011

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