Financial Data and Key Metrics Changes - The company reported GAAP net income per share of $0.89 for Q2 2021, an increase of $0.35 from the previous quarter [19] - Distributable earnings rose to $0.61 per share, up from the previous quarter, reflecting continued deployment of balance sheet capital into new loan originations [20] - Book value increased by $0.33 to $26.68 per share, driven by a reduction in the CECL loan loss reserve [19][20] Business Line Data and Key Metrics Changes - The company achieved $2.2 billion in new loan originations across 21 transactions, marking one of the most productive quarters for new origination [7] - The portfolio size reached a record $19.2 billion, reflecting nearly $1 billion in net investment year-to-date [7] - The weighted average loan-to-value (LTV) ratio for new loans was 65%, consistent with the existing portfolio [24] Market Data and Key Metrics Changes - In the multifamily sector, leasing spreads in June across the top 40 markets hit 9.7%, indicating strong asset performance [10] - New tenant requirements in major cities reached 81% of 2019 levels, with new leasing activity at 35 million square feet in Q2, the highest since the pandemic began [12] - The hotel sector showed significant recovery, particularly in resort areas, with many assets covering debt service [56] Company Strategy and Development Direction - The company is focused on low leverage floating rate lending to top-quality sponsors on institutional assets, with a strong pipeline of opportunities [17] - The strategic advantage lies in the scale of Blackstone's real estate debt and equity businesses, allowing for extensive market transactions and insights [9] - The company aims to capitalize on favorable market dynamics, including low rates and a global search for yields, to enhance portfolio growth [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing recovery of the economy and its positive impact on credit performance and asset values [14] - The company anticipates continued growth in lending opportunities, particularly in Europe and the hotel sector, as markets normalize [15] - Management remains cautious about potential short-term headwinds from interest rate changes but believes higher rates will benefit the business over time [18] Other Important Information - The company upgraded 15 loans during the quarter, reflecting improved performance and a partial reduction of the CECL reserve [16] - The company closed a new $1.8 billion credit facility and upsized its term loan B-2 tranche, enhancing its capital structure [26][27] - The company maintains a low debt-to-equity ratio of 2.7x and liquidity of $1.4 billion, indicating strong financial health [27] Q&A Session Summary Question: What impact do current inflation rates in construction materials costs have on loans with a construction element? - Management indicated that inflation in construction costs would likely lead to lower new supply and enhance the value of existing assets, with protections in place for construction loans [30] Question: Do you anticipate an increase in repayments similar to Q2? - Management does not expect an increase in repayments, citing the larger portfolio size which smooths out the impact of individual loan repayments [32] Question: How is the company managing interest rate headwinds? - Management noted that the business model is organically hedged, allowing for stability in returns despite changing interest rates [36] Question: What is the right level of liquidity for the company now that the environment has normalized? - Management stated that the current capital structure supports significant portfolio growth, with a focus on maximizing high-quality growth opportunities [43] Question: Can you provide more color on CECL reserves and the model used? - Management explained that the decrease in CECL reserves was driven by improved risk ratings and overall market performance, with the WARM model being utilized for assessments [49][50]

Table of Contents 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 June 30, 2021 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 Mortgage Trust Blackstone Mortgage Trust, Inc. (Exact name of Registrant as specified in its charter) Ma ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q1 2021 Earnings Conference Call April 28, 2021 9:00 AM ET Company Participants Steve Plavin - CEO Katie Keenan - President Tony Marone - CFO Doug Armer - EVP, Capital Markets Weston Tucker - Head, IR Conference Call Participants Timothy Hayes - BTIG Doug Harter - Credit Suisse Charlie Arestia - J.P. Morgan Jade Rahmani - KBW Don Fandetti - Wells Fargo Securities Stephen Laws - Raymond James Operator Good day, and welcome to the Blackstone Mortgage Trust, First Qu ...

Mortgage Trust Blackstone Mortgage Trust Reports First Quarter 2021 Results New York, April 28, 2021: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its first quarter 2021 results. Stephen D. Plavin, Chief Executive Officer, said, "BXMT's first quarter demonstrated the strong momentum we have established on both sides of the balance sheet. We closed $1.7 billion of high-quality new loans, growing our portfolio by nearly $700 million, and we continued to optimize and diversify our balance sheet, ...

Table of Contents 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 March 31, 2021 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 Blackstone Mortgage Trust, Inc. (Exact name of Registrant as specified in its charter) Maryl ...

Mortgage Trust Blackstone Mortgage Trust Reports Fourth Quarter and Full Year 2020 Results New York, February 10, 2021: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its fourth quarter and full year 2020 results. Full year EPS, Distributable EPS, and dividends paid per share were $0.97, $2.48, and $2.48, respectively. Stephen D. Plavin, Chief Executive Officer, said, "BXMT's strong 2020 results reflect the power and stability of our senior lending business. We generated consistent earnings in a ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q4 2020 Earnings Conference Call February 10, 2021 9:00 AM ET Company Representatives Mike Nash - Executive Chairman Steve Plavin - Chief Executive Officer Jonathan Pollack - Global Head of Real Estate Debt Strategies Katie Keenan - President Tony Marone - Chief Financial Officer Doug Armer - Executive Vice President, Capital Markets Weston Tucker - Head of Investor Relations Conference Call Participants Charlie Arestia - J.P. Morgan Stephen Laws - Raymond James J ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ☐ 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 1-14788 Mortgage Trust | --- | --- | --- | --- | --- | |--------------------------------------------------------------------|-------- ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q3 2020 Earnings Conference Call October 29, 2020 9:00 AM ET Company Participants Weston Tucker - Head, Investor Relations Steve Plavin - CEO Katie Keenan - President Tony Marone - CFO Doug Armer - EVP, Capital Markets Conference Call Participants Don Fandetti - Wells Fargo Stephen Laws - Raymond James Charlie Arestia - JPMorgan Jade Rahmani - KBW Steve Delaney - JMP Securities Operator Good day, everyone, and welcome to the Blackstone Mortgage Trust Quarter Three ...

Mortgage Trust Blackstone Mortgage Trust Reports Third Quarter 2020 Results New York, October 29, 2020: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its third quarter 2020 results. Stephen D. Plavin, Chief Executive Officer, said, "BXMT's strong third-quarter results reflect the earnings power and credit performance of our loan portfolio, as well as the benefits of a focused strategy of senior lending backed by top-quality properties with well-capitalized, institutional borrowers." Blackstone ...