earnings
confidence high
sentiment positive
materiality 0.75
BXMT Q2 GAAP EPS $0.89, Distributable EPS $0.61; record $19.2B portfolio
BLACKSTONE MORTGAGE TRUST, INC.
2022-Q2 EPS reported
$1.44
- GAAP EPS $0.89 includes $0.34 CECL reserve release; Distributable EPS $0.61; dividend $0.62/share.
- Originated $2.2B in new loans; net portfolio grew $423M to record $19.2B.
- CECL reserve reduced by $51M; 98% of loans performing, credit quality improving.
- Issued $1.0B CLO; repriced $423M Term Loan B-2 at L+2.75%.
- Book value per share rose to $26.68 from $26.42 at year-end 2020.