NEW YORK (AP) _ Blackstone Mortgage Trust Inc. (BXMT) on Wednesday reported third-quarter net income of $83.8 million.

The New York-based company said it had net income of 56 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 63 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The real estate finance company posted revenue of $200.1 million in the period. Its adjusted revenue was $117.4 million.

Blackstone Mortgage shares have increased 18% since the beginning of the year. The stock has risen 50% in the last 12 months.

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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