earnings
confidence high
sentiment neutral
materiality 0.75
BXMT posts near-zero GAAP EPS in Q1; distributable EPS prior to charge-offs $0.42
BLACKSTONE MORTGAGE TRUST, INC.
2025-Q1 EPS reported
$0.00
- Net loss of $0.4M; GAAP EPS $(0.00). Distributable EPS $0.17, prior to charge-offs $0.42.
- Originated $1.6B in loans, repaid $1.8B; debt-to-equity ratio improved to 3.4x.
- Resolved $0.4B of impaired loans above carrying value; performing portfolio at 95% vs 93% Q4.
- Book value per share $21.42; paid Q1 dividend $0.47; repurchased $32M stock at avg $17.63.
- Liquidity $1.6B; issued $1.0B reinvesting CLO; no material corporate debt maturing until 2027.