Blackstone Mortgage Trust, Inc. (NYSE: BXMT) has reported its fourth-quarter and full-year 2024 results, with a net loss attributable to the company for the year amounting to $204 million. The full-year EPS stands at $(1.17), distributable EPS at $(0.03), distributable EPS prior to charge-offs at $2.15, and dividends paid per basic share at $2.18.
Katie Keenan, the Chief Executive Officer, highlighted that the quarter marked a positive inflection point for BXMT, with loan resolutions and accelerating capital deployment setting the stage for growth in 2025. The company closed or is in the process of closing over $2 billion of loans, showcasing global scale and a robust balance sheet to seize attractive relative value across an expanding pipeline of real estate credit opportunities.
Blackstone Mortgage Trust 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. Its investment objective is to preserve and protect shareholder capital while generating attractive risk-adjusted returns, primarily through dividends from current income. The company's portfolio mainly consists of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators.
Blackstone Mortgage Trust will host a conference call to discuss its results. The company's investor presentation and the webcast registration link are available on its website.
Today the company's shares have moved 2.1% to a price of $19.33. For the full picture, make sure to review Blackstone Mortgage Trust's 8-K report.
