Blackstone Mortgage Trust Q1 GAAP EPS -$0.71, Distributable EPS $0.33

BLACKSTONE MORTGAGE TRUST, INC.

2024-Q1 EPS reported -$0.71

Net loss attributable to BXMT of $124M; GAAP basic EPS ($0.71) vs. $0.68 in Q1 2023.
Distributable EPS $0.33; Distributable EPS prior to charge-offs $0.65, covering 105% of $0.62 dividend.
Collected $1.0B in loan repayments (56% US office); loan fundings $353M.
CECL reserves increased to $766M from $592M at year-end; non-performance concentrated in US office.
Book value per share $23.83, includes $4.40/share CECL reserves; liquidity $1.7B.

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 0.9

BLACKSTONE MORTGAGE TRUST, INC. reported the first quarter ended March 31, 2024 results: net income $124 million, EPS ($0.71).

Period: the first quarter ended March 31, 2024
Net income: $124 million
EPS: ($0.71)
Result: reported results

Exact text from the filing

The net loss attributable to Blackstone Mortgage Trust for the quarter was $124 million. First quarter EPS, Distributable EPS, Distributable EPS prior to charge-offs, and dividends paid per basic share were ($0.71), $0.33, $0.65, and $0.62, respectively.

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Source: SEC EDGAR

accession 0001061630-24-000068

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