Blackstone Mortgage Trust Q3 2023: GAAP EPS $0.17, Distributable EPS $0.78, dividend coverage 126%

BLACKSTONE MORTGAGE TRUST, INC.

2023-Q3 EPS reported $1.44

Net income of $30M; GAAP EPS $0.17 vs. $0.60 in Q3 2022; Distributable EPS $0.78, up 10% YoY.
Declared Q3 dividend of $0.62/share; 126% covered by Distributable Earnings; $27M excess earnings added to book value.
CECL reserve increased by $96.9M to $477M (39% YTD); 95% of loan portfolio performing (vs. 99% a year ago).
Book value $25.90/share, down 1% YTD despite higher CECL reserves; $1.8B liquidity; no corporate debt maturities until 2026.
Collected $1.0B of loan repayments in Q3; weighted-average origination LTV of 64%; 185 senior loans in portfolio.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BLACKSTONE MORTGAGE TRUST, INC. reported third quarter 2023 results: net income $30 million, EPS $0.17.

Period: third quarter 2023
Net income: $30 million
EPS: $0.17
Result: reported results

Exact text from the filing

Net income attributable to Blackstone Mortgage Trust for the third quarter was $30 million. Third quarter EPS, Distributable EPS, and dividends paid per basic share were $0.17, $0.78, and $0.62, respectively.

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Source: SEC EDGAR

accession 0001061630-23-000072

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