NEW YORK, Feb. 13, 2018 /PRNewswire/ -- Blackstone
Mortgage Trust, Inc. (NYSE: BXMT) today reported its fourth quarter
and full year 2017 results. Net income for the fourth quarter was
$58 million, or $0.59 per share, and for the full year was
$218 million, or $2.27 per share.
Stephen D. Plavin, Chief
Executive Officer, said, "We closed $1.2
billion of new loans in the quarter capping off a very
strong year with $4.8 billion of
total originations, 37% higher than 2016. At the same time, we grew
and diversified the right hand side of the balance sheet with
$4.2 billion of new capital,
including convertible debt, common equity and our first
securitizations – all raised on very attractive terms."
Blackstone Mortgage Trust issued a full detailed presentation of
its fourth quarter and full year 2017 results, which can be viewed
at www.bxmt.com.
Quarterly Investor Call Details
Blackstone Mortgage Trust will host a conference call on
Wednesday, February 14, 2018 at
10:00 a.m. ET to discuss fourth
quarter and full year 2017 results. The conference call can be
accessed by dialing +1 (888) 268-4178 (U.S. domestic) or +1 (617)
597-5494 (international), with the passcode 245-054-61# or by
webcast at www.bxmt.com (listen only). For those unable to listen
to the live broadcast, a recorded replay will be available on the
company's website or by telephone beginning approximately two hours
after the event. The replay call number is +1 (888) 286-8010 (U.S.
domestic) or +1 (617) 801-6888 (international), with the passcode
208-862-64#.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance
company that originates senior loans collateralized by commercial
real estate in North America and
Europe. Our investment objective
is to preserve and protect shareholder capital while producing
attractive risk-adjusted returns primarily through dividends
generated from current income from our loan portfolio. We are
externally managed by BXMT Advisors L.L.C., a subsidiary of
Blackstone. Further information is available at www.bxmt.com.
About Blackstone
Blackstone (NYSE: BX) is one of the world's leading investment
firms. Blackstone seeks to create positive economic impact and
long-term value for its investors, the companies it invests in, and
the communities in which it works. Blackstone does this by using
extraordinary people and flexible capital to help companies solve
problems. Blackstone's asset management businesses, with over
$430 billion in assets under
management, include investment vehicles focused on private equity,
real estate, public debt and equity, non-investment grade credit,
real assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
Forward-Looking Statements and Other Matters
This release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
which reflect Blackstone Mortgage Trust's current views with
respect to, among other things, Blackstone Mortgage Trust's
operations and financial performance. You can identify these
forward-looking statements by the use of words such as "outlook,"
"indicator," "believes," "expects," "potential," "continues,"
"may," "will," "should," "seeks," "predicts," "intends," "plans,"
"estimates," "anticipates" or the negative version of these words
or other comparable words. Such forward-looking statements are
subject to various risks and uncertainties. Accordingly, there are
or will be important factors that could cause actual outcomes or
results to differ materially from those indicated in these
statements. Blackstone Mortgage Trust believes these factors
include but are not limited to those described under the section
entitled "Risk Factors" in its Annual Report on Form 10-K for the
fiscal year ended December 31, 2017,
as such factors may be updated from time to time in its periodic
filings with the Securities and Exchange Commission ("SEC") which
are accessible on the SEC's website at www.sec.gov. These factors
should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included
in this release and in the filings. Blackstone Mortgage Trust
assumes no obligation to update or supplement forward‐looking
statements that become untrue because of subsequent events or
circumstances.
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SOURCE Blackstone Mortgage Trust, Inc.