Blackstone Mortgage Trust, Inc. Class A Aktie News

Blackstone Mortgage Trust reported poor Q1 2024 results, with a decline in income from loans and significant loan charge-offs. There are concerns about a potential wave of office loan defaults that could threaten dividend coverage and valuation. Caution is advised due to the possibility of additional charge-offs and a lower rate environment.

Quick takes on 7 mortgage REITs and 3 equity REITs.

This year, the stock market adage “sell in May and go away” may hold very true, especially when it comes to the real estate investment trusts (REITs) best categorized as REITs to sell. These are the REITs that are facing the greatest challenges from the two major factors affecting the sector.

Dividends are a major part of an investor's complete return profile. They provide passive income that becomes extremely important, especially for investors who are nearing retirement age, when their risk/return profile skews more heavily toward security.

Blackstone Mortgage Trust's stock declined 4.6% after reporting a net loss in Q1 due to loan problems in the office category. An increase in the expected credit loss reserve affected the company's dividend coverage ratio, raising concerns about the sustainability of the dividend. The market is concerned about the credit quality of the trust's office loan portfolio, reflected in the 29% discount...

U.S. equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates, as a solid start to earnings season counteracted disappointing economic data. Ahead of the Fed's policy meeting in the week ahead, markets were confounded - albeit temporarily - by a "jarring" GDP report that showed a return of "stagflationary" trends. Defying the macr...

Blackstone Mortgage Trust, Inc. (BXMT) Q1 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its first quarter 2024 results. The net loss attributable to Blackstone Mortgage Trust for the quarter was $124 million. First quarter EPS, Distributable EPS, Distributable EPS prior to charge-offs, and dividends paid per basic share were ($0.71), $0.33, $0.65, and $0.62, respectively. Katie Keenan, Chief Exe...