secwatch.observer — SEC 8-K summary
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Issuer:     BLACKSTONE MORTGAGE TRUST, INC. (BXMT)
CIK:        0001061630
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001061630-24-000068
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061630/000106163024000068/0001061630-24-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061630/000106163024000068/bxmt-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001061630-24-000068

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