secwatch.observer — SEC 8-K summary
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Issuer:     BLACKSTONE MORTGAGE TRUST, INC. (BXMT)
CIK:        0001061630
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001061630-24-000118
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061630/000106163024000118/0001061630-24-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061630/000106163024000118/bxmt-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001061630-24-000118

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