Blackstone Mortgage Trust (BXMT) Tops Q2 EPS by 3c

Blackstone Mortgage Trust (NYSE: BXMT) reported Q2 EPS of $0.67, $0.03 better than the analyst estimate of $0.64. Revenue for the quarter came in at $0 versus the consensus estimate of $78.26 million.

• GAAP net income of $63 million during 2Q; book value of $26.54 per share.
• Core Earnings of $0.67 per share during 2Q,(a) the fourth consecutive quarter of 105%+ coverage of the $0.62 dividend.
• Loan originations of $859 million were 100% comprised of senior, floating rate mortgage loans.
• Fundings totaled $848 million, with loan repayments of $966 million.
• Weighted average risk rating of 2.3 with no “4” or “5” rated loans in the portfolio.
• Closed an additional $1.8 billion of financing capacity, including $1.3 billion of additional capacity under existing revolving credit facilities and extended $1.1 billion of facility maturities.
• Potential loan origination capacity of $2.3 billion(b) based on quarter-end liquidity of $612 million.

For earnings history and earnings-related data on Blackstone Mortgage Trust (BXMT) click here.

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