NEW YORK (AP) _ Blackstone Mortgage Trust Inc. (BXMT) on Wednesday reported fourth-quarter profit of $123.9 million.

On a per-share basis, the New York-based company said it had profit of 76 cents. Earnings, adjusted for one-time gains and costs, came to 78 cents per share.

The results topped 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 $173.9 million in the period.

For the year, the company reported profit of $419.2 million, or $2.77 per share. Revenue was reported as $514.5 million.

Blackstone Mortgage shares have climbed slightly since the beginning of the year. The stock has increased 5.5% 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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