Blackstone Mortgage Trust (BXMT) Misses Q1 EPS by 1c

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Go back to Blackstone Mortgage Trust (BXMT) Misses Q1 EPS by 1c

Blackstone Mortgage Trust Reports First Quarter 2016 Results

April 26, 2016 4:16 PM EDT

NEW YORK, April 26, 2016 /PRNewswire/ -- Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its first quarter 2016 results. Core Earnings for the first quarter was $61 million, or $0.65 per share. Net income for the first quarter was $57 million, or $0.61 per share.

Stephen D. Plavin, Chief Executive Officer, said, "During a period of market volatility, BXMT's pure-play, senior mortgage business model excelled. We originated $861 million of loans, extended and upsized our credit facilities, and delivered strong Core Earnings while maintaining the conservative risk profile of our portfolio."

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