secwatch.observer — SEC 8-K summary
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Issuer:     BLACKSTONE MORTGAGE TRUST, INC. (BXMT)
CIK:        0001061630
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001061630-24-000033
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061630/000106163024000033/0001061630-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061630/000106163024000033/bxmt-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001061630-24-000033

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer