NEW YORK (AP) _ Blackstone Mortgage Trust Inc. (BXMT) on Wednesday reported second-quarter profit of $17.5 million.

On a per-share basis, the New York-based company said it had net income of 13 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 62 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The real estate finance company posted revenue of $192 million in the period. Its adjusted revenue was $107.1 million.

Blackstone Mortgage shares have decreased 38% since the beginning of the year. The stock has dropped 35% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BXMT at https://www.zacks.com/ap/BXMT

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