Blackstone Mortgage Trust Reports Second Quarter 2022 Results | New
NEW YORK–(BUSINESS WIRE)–July 27, 2022–
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today released its second quarter 2022 results. Net income attributable to Blackstone Mortgage Trust for the second quarter was $93.3 million. First quarter EPS, distributable EPS and basic dividends paid per share were $0.55, $0.67 and $0.62, respectively.
Katie Keenan, CEO, said, “BXMT’s results this quarter are a testament to the unwavering resilience of our business. In more challenging market conditions, we generated both earnings and portfolio growth, supported by continued credit performance and prudent balance sheet management. Given the earnings capacity of our floating rate portfolio and our strong liquidity position, we are well positioned for the period ahead. »
Blackstone Mortgage Trust has released a full presentation of its second quarter 2022 results, which can be viewed at www.bxmt.com.
Quarterly Investor Call Details
Blackstone Mortgage Trust will host a conference call today at 9:00 a.m. ET to discuss the results. To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1557696&tp_key=6af199ed27. For those unable to listen to the live broadcast, a recorded replay will be available on the company’s website at www.bxmt.com. beginning approximately two hours after the event.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that issues senior loans secured by commercial real estate in North America, Europe and Australia. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns, primarily through dividends generated from current income from our loan portfolio. Our portfolio consists primarily of loans secured by high-quality institutional assets in major markets, sponsored by experienced and well-capitalized real estate investment owners and operators. These Senior Loans are capitalized by accessing a variety of financing options, based on our view of the most prudent strategy available for each of our investments. We are externally managed by BXMT Advisors LLC, a subsidiary of Blackstone. Further information is available at www.bxmt.com.
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest and the communities in which we work. We do this by using amazing people and flexible capital to help companies solve their problems. Our $941 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, low-quality opportunistic credit, real assets and secondary funds, all on a global scale. . Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter and Instagram.
Forward-Looking Statements and Other Matters
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the current views of Blackstone. Mortgage Trust regarding, among other things, the operations and financial performance of Blackstone Mortgage Trust and the impact of the current macroeconomic environment, including increases in interest rates. You can identify these forward-looking statements by the use of words such as “outlook”, “target”, “indicator”, “believes”, “expects”, “potential”, “continues”, “may”, ” will,” “should,” “seek,” “predict,” “intend,” “plan,” “estimate,” “anticipate,” or the negative version of these or other comparable words. forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements. Blackstone Mortgage Trust believes that these factors include, but are not limited to, limited to those described in the section titled “Risk Factors” in its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as such factors may be updated from time to time in its filings. periodically with the Securities and Exchange Commission (“SEC”) which is nt accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements included in this release and in the filings. Blackstone Mortgage Trust undertakes no obligation to update or supplement any forward-looking statements that become untrue due to subsequent events or circumstances.
We refer to “Distributable EPS”, which is a non-GAAP financial measure, in this release. A reconciliation to net income attributable to Blackstone Mortgage Trust, the most directly comparable GAAP measure, is included in our full detailed presentation of second quarter 2022 results and is available on our website at www.bxmt.com.
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CONTACT: Investor Relations
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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
SECTOR KEYWORD: FINANCE BANKING PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE
SOURCE: Blackstone Mortgage Trust, Inc.
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PUBLISHED: 07/27/2022 07:00 / DISK: 07/27/2022 07:02