Overview

• US real estate lender reported Q1 net loss of $6.3 mln

• Distributable EPS for Q1 was $0.21, dividends paid per share were $0.47

• Company completed over $2 bln in corporate and securitized debt financings during Q1

Outlook

• Company did not provide specific guidance or forecasts for the current or future periods

Result Drivers

• DEBT FINANCINGS - Co said it completed over $2 bln in corporate and securitized debt financings in Q1

• DIVERSIFIED STRATEGIES - Co attributed results to investments across diversified strategies and markets

Company press release: ID:nBw7ZsCRwa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialized reits peer group is "buy"

• Wall Street's median 12-month price target for Blackstone Mortgage Trust Inc is $21.50, about 7.4% above its April 28 closing price of $20.01

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

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