Earnings ·
Reports Q3 net loss of $327M, declares $0.30 per share dividend for fourth quarter
BXMTBlackstone Mortgage Trust, Inc.
Blackstone Mortgage Trust reported a third-quarter net loss attributable to the company of $327 million, or $1.95 per basic share. Distributable earnings were $64.1 million, or $0.38 per share, while distributable earnings prior to realized gains and losses stood at $71.2 million, or $0.42 per share. The company also declared a fourth-quarter common stock dividend of $0.30 per share, payable on January 15, 2027, to holders of record as of December 31, 2026. During the quarter, BXMT generated $2.3 billion in loan repayments and sales, reduced its watchlist loans by 56% quarter-over-quarter, and repurchased $36 million of class A common stock. Blackstone Mortgage Trust is a real estate finance company that originates, acquires, and manages senior loans and other debt or credit-oriented investments collateralized by commercial real estate.