secwatch.observer — SEC 8-K summary
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Issuer:     BLACKSTONE MORTGAGE TRUST, INC. (BXMT)
CIK:        0001061630
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001061630-24-000152
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blackstone Mortgage Trust reports Q3 GAAP net loss of $56M; distributable EPS $0.39
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- GAAP net loss $56M, EPS $(0.32); Distributable EPS $0.39, prior to charge-offs $0.49.
- Book value $22.17/sh includes $5.89/sh CECL reserves; two new office impairments taken.
- Q3 loan repayments $1.8B ($3.6B YTD), more than double quarterly average; CEO cites recovery.
- Liquidity $1.5B; debt-to-equity 3.8x, declined quarter-over-quarter.
- $0.6B non-performing loan resolutions closed or in closing post-quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061630/000106163024000152/0001061630-24-000152-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061630/000106163024000152/bxmt-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001061630-24-000152

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