Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 345 Park Avenue, 24th Floor NEW YORK NY 10154 |
Tel: | N/A |
Website: | https://www.blackstonemortgagetrust.com |
IR: | See website |
Key People | ||
Michael B. Nash Executive Chairman of the Board | Katharine A. Keenan President, Chief Executive Officer, Director | Anthony F. Marone Chief Financial Officer, Treasurer, Assistant Secretary, Principal Accounting Officer |
Austin Pena Executive Vice President - Investments | Courtney Cheng Vice President - Finance | Timothy Hayes Vice President - Shareholder Relations |
Robert Sitman Managing Director, Head of Asset Management | Paul Kolodziej Head of Accounting | Leon Volchyok Chief Legal Officer, Secretary |
Business Overview |
Blackstone Mortgage Trust, Inc. is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. The Company's investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from its loan portfolio. Its portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These senior loans are capitalized by accessing a variety of financing options, depending on its view of the most prudent strategy available for each of its investments. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company is externally managed by BXMT Advisors L.L.C. |
Financial Overview |
For the three months ended 31 March 2024, Blackstone Mortgage Trust Inc revenues decreased 1% to $486.1M. Net loss totaled $123.8M vs. income of $117.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Professional services increase of 26% to $4.1M (expense), Restricted class A common stock earned increase of 6% to $7.9M (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $21,552M as of Mar 31, 2024 |
Annual revenue (TTM): | $2,032M as of Mar 31, 2024 |
EBITDA (TTM): | $245.03M as of Mar 31, 2024 |
Net annual income (TTM): | $4.96M as of Mar 31, 2024 |
Free cash flow (TTM): | $15.97M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $18,429M as of Mar 31, 2024 |
Shares outstanding: | 173,584,034 as of Apr 17, 2024 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |