Blackstone Mortgage Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 27, 2022 at 06:50 am EDT
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Blackstone Mortgage Trust, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net income was USD 93.25 million compared to USD 131.6 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.89 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to USD 0.89 a year ago.
For the six months, net income was USD 192.94 million compared to USD 211.5 million a year ago. Basic earnings per share from continuing operations was USD 1.14 compared to USD 1.44 a year ago. Diluted earnings per share from continuing operations was USD 1.12 compared to USD 1.44 a year ago.
Blackstone Mortgage Trust, Inc. is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. The Companyâs investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from its loan portfolio. Its portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These senior loans are capitalized by accessing a variety of financing options, depending on its view of the most prudent strategy available for each of its investments. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company is externally managed by BXMT Advisors L.L.C.
BLACKSTONE MORTGAGE TRUST, INC. 
