Net Loss Recorded Despite Strong Execution on Key Initiatives
NEW YORK, April 24, 2024--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its first quarter 2024 results. The net loss attributable to Blackstone Mortgage Trust for the quarter was $124 million. First quarter EPS, Distributable EPS, Distributable EPS prior to charge-offs, and dividends paid per basic share were ($0.71), $0.33, $0.65, and $0.62, respectively.
Blackstone Mortgage (BXMT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.