Blackstone Mortgage Trust Reports Fourth-Quarter and Full-Year 2024 Results
12 February 2025 - 11:00PM
Business Wire
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its
fourth-quarter and full-year 2024 results. The net loss
attributable to Blackstone Mortgage Trust for the year was $204
million. Full year EPS, Distributable EPS, Distributable EPS prior
to charge-offs, and dividends paid per basic share were $(1.17),
$(0.03), $2.15, and $2.18 respectively.
Katie Keenan, Chief Executive Officer, said, “This quarter
marked a meaningful positive inflection point for BXMT, with loan
resolutions and accelerating capital deployment establishing a
foundation for growth in 2025. With over $2 billion of loans closed
or in closing, global scale, and a strong balance sheet, BXMT is
well-positioned to capture attractive relative value across an
expanding pipeline of real estate credit opportunities.”
Blackstone Mortgage Trust issued a full presentation of its
fourth-quarter and full-year 2024 results, which can be viewed at
www.bxmt.com. An updated investor presentation may also be viewed
on the website.
Quarterly Investor Call Details
Blackstone Mortgage Trust will host a conference call today at
9:00 a.m. ET to discuss results. To register for the webcast,
please use the following link:
https://event.webcasts.com/starthere.jsp?ei=1703525&tp_key=589226bf3d.
For those unable to listen to the live broadcast, a recorded replay
will be available on the company's website at www.bxmt.com
beginning approximately two hours after the event.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance
company that primarily originates senior loans collateralized by
commercial real estate in North America, Europe, and Australia, and
invests in other real estate credit investments. Our investment
objective is to preserve and protect shareholder capital while
producing attractive risk-adjusted returns primarily through
dividends generated from current income. Our 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 loans are financed in
a variety of ways, depending on our view of the most prudent
strategy available for each of our investments. 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 is the world’s largest alternative asset manager. We
seek to deliver compelling returns for institutional and individual
investors by strengthening the companies in which we invest. Our
more than $1.1 trillion in assets under management include global
investment strategies focused on real estate, private equity,
infrastructure, life sciences, growth equity, credit, real assets,
secondaries and hedge funds. Further information is available at
www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter),
and Instagram.
Forward-Looking Statements and Other Matters
This press release contains 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 BXMT’s current views with respect to, among
other things, its operations and financial performance, its
business plans and the impact of the current macroeconomic
environment, including interest rate changes. You can identify
these forward-looking statements by the use of words such as
“outlook,” “objective,” “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. BXMT 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, 2024, 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. BXMT assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent
events or circumstances.
We refer to “Distributable EPS” and “Distributable EPS prior to
charge-offs,” which are non-GAAP financial measures, in this press
release. A reconciliation to net income (loss) attributable to
Blackstone Mortgage Trust, the most directly comparable GAAP
measure, is included in our full detailed presentation of
fourth-quarter and full-year 2024 results and is available on our
website at www.bxmt.com.
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