earnings
confidence high
sentiment neutral
materiality 0.75
Blackstone Mortgage Trust FY2024 net loss $204M; Distributable EPS prior charge-offs $2.15
BLACKSTONE MORTGAGE TRUST, INC.
2024-FY EPS reported
-$1.17
- Full-year GAAP net loss $204M; EPS $(1.17); Distributable EPS prior to charge-offs $2.15 vs dividend of $2.18.
- Q4 GAAP EPS $0.21; Distributable EPS $(1.25) from $294M realized losses; prior to charge-offs $0.44.
- Loan repayments $5.2B in 2024 including $2.0B office; $1.1B impaired loans resolved in Q4 (49%).
- Closed $1.1B corporate debt refinancing; debt-to-equity ratio lowered to 3.5x; liquidity $1.5B.
- $2.0B+ new originations closed or in closing in Q1 2025; $50M common stock repurchased at $17.73/share.