Blackstone Mortgage Trust, Inc. Class A Aktie News

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company”) today announced that it will publish its first quarter 2024 earnings presentation on its website at www.bxmt.com and file its Form 10-Q pre-market on Wednesday, April 24, 2024. The Company will also host a conference call the same day at 9:00 a.m. ET to review results. To register for the webcast, please use...

We're starting with our latest purchase, then moving onto some charts. Our charts help readers track the sector for both common shares and preferred shares. Mortgage REITs and BDCs are included in the charts for comparison based on various metrics such as price-to-book value, dividend yields, and earnings yield.

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock with respect to the first quarter of 2024. This dividend is payable on April 15, 2024 to stockholders of record as of the close of business on March 28, 2024. About Blackstone Mortgage Trust Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company...

After covering the Winners of REIT Earnings Season last week, Part 2 of our Earnings Recap focuses on the worst-performing property sectors and common threads shared by these laggards. While there were no major "bombshells" this earnings season, there were pockets of relative weakness seen in the interest-rate-sensitive property sectors - net lease and office - along with goods-oriented sectors...

Blackstone Mortgage Trust comfortably covered its dividend pay-out with distributable earnings in 4Q-23. BXMT stock is selling at a significant discount to book value, providing a high margin of dividend safety. Despite concerns over exposure to the U.S. office category, the trust's 12% yield is expected to remain safe.

ARMOUR Residential REIT has not filed their 10-K report on time, but preliminary results suggest positive performance for other mortgage REITs.

Blackstone Mortgage Trust beat earnings estimates for Q4, but showed weakness in its loan portfolio, with a decline in performing loans and a drop in book value. The REIT's CECL reserve increased significantly in Q4'23, indicating higher expected credit losses for its office loan portfolio. The distribution coverage ratio dropped relative to Q3'24, raising concerns for dividend investors.

We're now through the halfway point of another consequential real estate earnings season, with 68 equity and mortgage REITs representing 50% of the total market capitalization reporting results. Beneath the renewed interest rate headwinds that have pressured the sector in recent weeks, results have been marginally better than expected- and certainly stronger than negative price action would sug...