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Blackstone Mortgage’s Net Income and EPS Rose in 3Q15

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Nov. 20 2020, Updated 1:14 p.m. ET

Price movement of Blackstone Mortgage Trust

Blackstone Mortgage Trust (BXMT) has a market cap of $2.6 billion. Blackstone’s YTD (year-to-date) price movement is stable, and it’s in a trading range. After its 3Q15 earnings report, BXMT fell 0.29% to close at $27.72 per share on October 27, 2015. The price movements on weekly, monthly, and YTD bases are -1.7%, 1.6%, and 0.87%, respectively.

Technically, Blackstone Mortgage Trust has broken the support of 20-day, 50-day, and 200-day moving averages throughout 2015. Currently, it’s trading at 1.7% below the 20-day moving average, 0.91% below the 50-day moving average, and 1.1% below the 200-day moving average.

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The VanEck Vectors Mortgage REIT Income ETF (MORT) invests 5.2% of its holdings in Blackstone Mortgage. The ETF tracks a market-cap weighted index of mortgage REITs. The YTD price movement of MORT is -6.8% as of October 26, 2015. The iShares Morningstar Small-Cap Value ETF (JKL) invests 0.34% of its holdings in Blackstone Mortgage.

Below are the market caps for some of Blackstone Mortgage Trust’s (BXMT) competitors:

  • Starwood Property Trust (STWD) — $4.8 billion
  • Colony Capital (CLNY) — $2.3 billion
  • Ladder Capital (LADR) — $1.4 billion
  • Apollo Commercial Real Estate Finance (ARI) — $977.0 million

Blackstone Mortgage’s performance in 3Q15

Blackstone Mortgage reported net income from loans and other investments of $87.0 million in 3Q15, an increase of 74.6% on a quarterly basis. Net income and EPS (earnings per share) increased to $67.8 million and $0.72, respectively, in 3Q15 compared to $32.4 million and $0.36, respectively, in 2Q15.

Cash and cash equivalents increased 33.0%, and loans receivables decreased 7.4% in 3Q15 on a quarterly basis. The debt-to-equity ratio decreased to 2.94 in 3Q15 compared to 3.19 in 2Q15.

On September 14, 2015, the company declared a dividend of $0.62 per share on Class A common stock.

About Blackstone Mortgage

Blackstone Mortgage Trust is a real estate finance company. It creates the commercial real estate lending platform and originates, acquires, and manages commercial real estate loans and securities and other commercial real estate–related debt instruments.

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