BXMT reports FY 2023 Distributable EPS of $3.05, dividend coverage 123%; Q4 GAAP loss $0.01 per share

BLACKSTONE MORTGAGE TRUST, INC.

2023-FY EPS reported $1.43

Full year 2023 net income $247M, GAAP EPS $1.43; Distributable EPS $3.05 covers $2.48 dividend at 123%.
Q4 2023 GAAP net loss $2.4M ($0.01/share); Distributable EPS $0.69 supports 111% dividend coverage.
$3.8B in loan repayments collected in 2023 ($0.6B in Q4); 93% of portfolio performing at year-end.
CECL reserves rose $250M to $592M; book value per share $25.16, down 3% YoY.
No corporate debt maturities until 2026; year-end liquidity $1.7B, leverage reduced to 3.7x.

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 the fourth quarter and full year ended December 31, 2023 results: net income Net income attributable to Blackstone Mortgage Trust for the full year was $247 million, EPS Full year EPS, Distributable EPS, and dividends paid per basic share were $1.43, $3.05, and $2.48 respectively.

Period: the fourth quarter and full year ended December 31, 2023
Net income: Net income attributable to Blackstone Mortgage Trust for the full year was $247 million
EPS: Full year EPS, Distributable EPS, and dividends paid per basic share were $1.43, $3.05, and $2.48 respectively
Result: reported results

Exact text from the filing

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its fourth quarter and full year 2023 results. Net income attributable to Blackstone Mortgage Trust for the full year was $247 million. Full year EPS, Distributable EPS, and dividends paid per basic share were $1.43, $3.05, and $2.48 respectively.

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Source: SEC EDGAR

accession 0001061630-24-000033

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