earnings
confidence high
sentiment positive
materiality 0.75
BXMT Q2 GAAP EPS $0.59, Distributable EPS $0.79, dividend coverage 127%
BLACKSTONE MORTGAGE TRUST, INC.
2023-Q2 EPS reported
$1.25
- Net income of $102M; GAAP diluted EPS $0.58, Distributable EPS $0.79.
- Paid $0.62/share dividend; 127% coverage; book value $26.30/share (+$0.04 YTD).
- Record $1.8B liquidity; no corporate debt maturities until 2026; leverage reduced 0.1x.
- 96% performing loan portfolio; CECL reserve $380M (2.7x prior year); $1.5B repayments.
- Weighted average risk rating stable at 2.9; $30M excess Distributable Earnings added to book value.