Blackstone Mortgage Trust Reports Third Quarter 2021 Results
October 27 2021 - 7:00AM
Business Wire
Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its
third quarter 2021 results. Third quarter EPS, Distributable EPS,
and dividends paid per share were $0.56, $0.63, and $0.62,
respectively.
Katie Keenan, Chief Executive Officer, said, “BXMT’s
accelerating momentum throughout the year led to exceptional
performance in the third quarter, with a record $4.7 billion of new
originations driving $2.9 billion of portfolio growth. Our
resulting $22.0 billion portfolio of senior, floating-rate loans
produced Distributable Earnings per share of $0.63, covering our
long-standing dividend.”
Blackstone Mortgage Trust issued a full presentation of its
third quarter 2021 results, which can be viewed at
www.bxmt.com.
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/viewer/event.jsp?ei=1502143&tp_key=9aefb9450a.
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 originates senior loans collateralized by commercial
real estate in North America, Europe, and Australia. 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.
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 senior loans are capitalized by accessing a
variety of financing options, 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 investment firm.
We seek to create positive economic impact and long-term value for
our investors, the companies we invest in, and the communities in
which we work. We do this by using extraordinary people and
flexible capital to help companies solve problems. Our $731 billion
in assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, life sciences,
growth equity, opportunistic, 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 and the impact of and recovery
from the negative effects of the COVID-19 pandemic. 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. 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, 2020, as
such factors may be further 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.
We refer to “Distributable Earnings,” which is a non-GAAP
financial measure, in this release. A reconciliation to net income
attributable to Blackstone Mortgage Trust, the most directly
comparable GAAP measure, is included in our full detailed
presentation of third quarter 2021 results and is available on our
website at www.bxmt.com.
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Investor and Public Affairs Contacts Investor Relations
Blackstone +1 (888) 756-8443
BlackstoneShareholderRelations@Blackstone.com Public Affairs
Blackstone +1 (212) 583-5263 PressInquiries@Blackstone.com
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