BXMT Q1 net income $118M; Distributable EPS $0.79, dividend coverage 127%

BLACKSTONE MORTGAGE TRUST, INC.

2023-Q1 EPS reported $0.67

GAAP net income $117.8M; EPS $0.68; Distributable EPS $0.79, up 27% YoY.
Paid $0.62 dividend per share; coverage 127%; annualized yield 14.7%.
Book value $26.28 stable; CECL reserve $352M (3% QoQ increase).
Portfolio $26.7B senior loans; 97% performing; no defaults; weighted avg risk rating 2.9.
Liquidity $1.6B; no corporate debt maturities until 2026; no capital markets MTM financings.

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 0.95

BLACKSTONE MORTGAGE TRUST, INC. reported first quarter ended March 31, 2023 results: net income $118 million, EPS $0.68.

Period: first quarter ended March 31, 2023
Net income: $118 million
EPS: $0.68
Result: reported results

Exact text from the filing

Net income attributable to Blackstone Mortgage Trust for the first quarter was $118 million. First quarter EPS, Distributable EPS, and dividends paid per basic share were $0.68, $0.79, and $0.62 respectively.

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Source: SEC EDGAR

accession 0001061630-23-000029

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