BXMT Q2 net loss $61M; distributable EPS $0.49; dividend cut to $0.47; $150M buyback

BLACKSTONE MORTGAGE TRUST, INC.

2024-Q2 EPS reported -$1.06

GAAP net loss of $61M ($0.35 loss per share); distributable EPS of $0.49; prior charge-offs distributable EPS $0.56.
Q3 2024 dividend declared at $0.47/share, down from $0.62/share paid in Q2; payable Oct 15 to holders of record Sep 30.
Board authorized $150M share repurchase program for class A common stock.
Portfolio $20.8B (166 loans); 90% performing; $906M CECL reserves; book value $22.90/share.
Strong liquidity of $1.6B (40% of GAAP equity); no corporate debt maturities until 2026.

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