earnings
confidence high
sentiment positive
materiality 0.75
Blackstone Mortgage Trust Q3 GAAP EPS $0.56, Distributable EPS $0.63; record $4.7B originations
BLACKSTONE MORTGAGE TRUST, INC.
2022-Q3 EPS reported
$2.00
- Record $4.7B originations drove $2.9B portfolio growth to $22.0B; 31% of portfolio originated in last twelve months.
- GAAP EPS $0.56; Distributable EPS $0.63 covering the $0.62 quarterly dividend (102% coverage).
- Book value per share rose $0.24 to $26.92, aided by $312M common equity issuance at premium.
- CECL reserve decreased $0.04 to $0.86 per share on positive credit migration; 100% interest collections.