Blackstone Mortgage Trust posts Q1 net loss

Blackstone Mortgage Trust, Inc. Class A

Blackstone Mortgage Trust, Inc. Class A

BXMT

0.00


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Net Income Attributable

-$6.30 mln


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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