Blackstone Mortgage Trust, Inc. Notes to Consolidated Financial Statements (continued) (Unaudited) The following tables detail the spread of our secured debt as of June 30, 2023 and December 31, 2022 ($ in thousands): Six Months Ended June 30, 2023 June 30, 2023 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------|-------|----------------------------|-------|------------------------------|-----------------------------------------|-------|-------------------------|- ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q1 2023 Earnings Conference Call April 26, 2023 9:00 AM ET Company Participants Tim Hayes - VP, Shareholder Relations Katie Keenan - CEO Tony Marone - CFO Austin Pena - EVP, Investments Conference Call Participants Steve DeLaney - JMP Securities Sarah Barcomb - BTIG Doug Harter - Credit Suisse Stephen Laws - Raymond James Don Fandetti - Wells Fargo Jade Rahmani - KBW Rick Shane - JPMorgan Arren Cyganovich - Citi Operator Good day, and welcome to the Blackstone Mor ...

FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Blackstone Mortgage Trust, Inc. (Exact name of Registrant as specified in its charter) Maryland 94-6181186 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 345 Park Avenue, 24th Floor New York, New York 10154 ( ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q4 2022 Earnings Conference Call February 8, 2023 9:00 AM ET Company Participants Tim Hayes - Vice President, Shareholder Relations Katie Keenan - Chief Executive Officer Tony Marone - Chief Financial Officer Austin Pena - Executive Vice President, Investments Conference Call Participants Doug Harter - Credit Suisse Don Fandetti - Wells Fargo Steve DeLaney - JMP Securities Jade Rahmani - KBW Eric Hagan - BTIG Derek Hewett - Bank of America Stephen Laws - Raymond J ...

Katie Keenan, Chief Executive Officer, said, "BXMT achieved strong 4Q and 2022 results, demonstrating the resilience of our business through a volatile environment. With durable earnings power, substantial liquidity, and a robust balance sheet, we are well positioned to deliver attractive current yield and long-term value to our shareholders." About Blackstone Mortgage Trust Blackstone is the world's largest alternative asset manager. We seek to create positive economic impact and long-term value for our in ...

Financial Performance - For the year ended December 31, 2022, the company reported a net loss of $47.5 million, compared to a net income of $248.6 million for the year ended December 31, 2021[415]. - The company experienced a net decrease in cash and cash equivalents of $249.5 million for the year ended December 31, 2022, compared to a net increase of $263.2 million for the year ended December 31, 2021[148]. - The company reported cash flows provided by operating activities of $396.8 million for the year ended December 31, 2022, compared to $382.5 million for the year ended December 31, 2021[148]. - Cash flows used in investing activities were $(3.25) billion for the year ended December 31, 2022, compared to $(5.63) billion for the year ended December 31, 2021[148]. - The company paid $421.4 million in dividends on its class A common stock during the year ended December 31, 2022[148]. Corporate Financing and Debt - The company’s total corporate financing as of December 31, 2022, was $3.08 billion, an increase from $2.37 billion as of December 31, 2021[420]. - The debt-to-equity ratio increased to 3.8x as of December 31, 2022, compared to 3.2x as of December 31, 2021[432]. - During the year ended December 31, 2022, the company borrowed an additional $825 million under term loan facilities with an interest rate of SOFR plus 3.50%[480]. - The company issued $300 million of 5.50% convertible senior notes due 2027, and raised $70.7 million from the issuance of 2.3 million shares of Class A common stock[480]. - The company received $1.7 billion of net proceeds from secured debt borrowings during the year ended December 31, 2022[148]. Loan Portfolio and Commitments - The company has unfunded commitments of $3.8 billion related to 121 loans receivable as of December 31, 2022[435]. - The total loan exposure as of December 31, 2022, was $18.43 billion, with an all-in yield of +3.58%[4]. - The principal balance of the loan portfolio was $26.81 billion, with a net book value of $24.69 billion and unfunded loan commitments of $4.51 billion[477]. - The loan portfolio's weighted-average origination loan-to-value (LTV) ratio was 63.9% as of December 31, 2022, indicating significant equity value[3]. - Loan fundings for the year ended December 31, 2022, totaled $344.9 million, with additional fundings of $90.5 million during the last quarter[2]. Credit Risk and CECL Reserve - The company recorded a $211.5 million increase in the Current Expected Credit Loss (CECL) reserve for the year ended December 31, 2022, compared to a $39.9 million decrease in the previous year[427]. - The current expected credit loss (CECL) reserve reflects estimates of potential credit losses related to loans and debt securities, utilizing the Weighted Average Remaining Maturity (WARM) method[106]. - The company is exposed to credit risk, with loan performance dependent on sponsors' ability to generate adequate cash flows from properties serving as collateral[90]. - The company assesses the CECL reserve on an individual basis, which requires significant judgments and assumptions that may change over time[108]. - The sensitivity of assumptions related to the CECL reserve may vary from quarter to quarter, reflecting changes in the loan portfolio and market conditions[108]. Market Conditions and Economic Factors - Rising interest rates may adversely affect existing borrowers, impacting the collateral underlying certain loans[439]. - Inflation has reached generational highs, prompting the Federal Reserve to raise interest rates, which may adversely affect existing borrowers and slow corporate profit growth[93]. - The company is required to distribute at least 90% of its net taxable income annually to maintain its REIT status, with potential tax implications for undistributed income[101]. - The company is subject to various risks associated with the commercial real estate market, including occupancy rates and macroeconomic factors[92]. - Financial services regulation has increased significantly, and future changes in legislation or administration could negatively impact the company's financial performance[179]. Investment Strategy and Management - The company focuses on originating or acquiring senior, floating rate mortgage loans secured by first priority mortgages on commercial real estate assets[475]. - The company is committed to managing risk and incorporates ESG factors into its investment process[487]. - The company relies on Blackstone's expertise in navigating market cycles, which informs its credit and underwriting processes[92]. - The company has established long-term relationships with numerous corporations, which may influence investment decisions[126]. - The company is exploring new strategies for market expansion, particularly in diversified locations across the US and Europe[114]. Regulatory and Compliance Risks - The company conducts operations to avoid registration as an investment company, which may limit its ability to pursue certain investment opportunities[169]. - Compliance with laws and regulations may require changes to business practices, potentially impacting operations and financial condition[172]. - The company is subject to significant restrictions on proprietary trading activities due to the "Volcker Rule" provisions of the Dodd-Frank Act, which may lead to increased capital requirements and regulatory scrutiny[176]. - Non-bank companies face varying licensing requirements across U.S. states and foreign jurisdictions, which could incur additional expenses[203]. - The extensive requirements of the Dodd-Frank Act may significantly affect financial markets and the terms of financing from lender counterparties[205].

Blackstone Mortgage Trust Reports Third Quarter 2022 Results New York, October 26, 2022, NEW YORK -- Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its third quarter 2022 results. Net income attributable to Blackstone Mortgage Trust for the third quarter was $103.2 million. Third quarter EPS, Distributable EPS, and dividends paid per basic share were $0.60, $0.71 and $0.62 respectively. Katie Keenan, Chief Executive Officer, said, "BXMT once again delivered remarkable results despite a volatile ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q3 2022 Earnings Conference Call October 26, 2022 9:00 AM ET Company Participants Weston Tucker - Head of Investor Relations Katie Keenan - Chief Executive Officer Anthony Marone - Chief Financial Officer Mike Nash - Executive Chairman Conference Call Participants Don Fandetti - Wells Fargo Doug Harter - Credit Suisse Steve DeLaney - JMP Securities Eric Hagan - BTIG Jade Rahmani - KBW Stephen Laws - Raymond James Operator Good day, everyone, and welcome to the Bla ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______ TO ______ Commission File Number: 001-14788 Blackstone Mortgage Trust, Inc. (Exact name of Registrant as specified in its charter) Maryland 94-6181 ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q2 2022 Earnings Conference Call July 27, 2022 9:00 AM ET CompanyParticipants Weston Tucker - Head of Shareholder Relations Katie Keenan - Chief Executive Officer Tony Marone - Chief Financial Officer Conference Call Participants Stephen Laws - Raymond James Don Fandetti - Wells Fargo Jade Rahmani - KBW Rick Shane - JPMorgan Operator Welcome to the Blackstone Mortgage Trust Second Quarter 2022 Investor Conference Call. [Operator Instructions] I would like to advis ...