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Blackstone Mortgage (BXMT)
NYSE:BXMT
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.22Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 8.66%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The call presented a positive outlook, highlighting the resolution of nearly half of impaired loans, strong liquidity, and significant future growth potential. However, these positives were balanced by the challenges of negative distributable earnings and ongoing issues with remaining impaired loans.Company Guidance
In the Blackstone Mortgage Trust Fourth Quarter and Full Year 2024 Investor Call, the company reported a GAAP net income of $0.21 per share and distributable earnings of negative $1.25 per share, with distributable earnings prior to charge-offs at $0.44 per share. They successfully resolved $1.1 billion or 49% of impaired loans, improving the performing loan percentage to 93%. The company paid a dividend of $0.47 per share for the fourth quarter. Robust repayments totaled $1.6 billion in the quarter and $5.2 billion for the year, contributing to a record liquidity of $1.9 billion. The largest corporate debt transaction in their history, a $1.1 billion deal, reduced debt to equity to 3.5 times. Blackstone Mortgage Trust is positioned for portfolio and earnings growth in 2025, with $2 billion of pipeline closed or in closing, and significant investment opportunities across multifamily, industrial, and self-storage sectors. The company aims to leverage its platform to enhance credit performance and explore a net lease strategy, with a focus on acquiring assets at a discount to replacement cost. The call also highlighted a positive market outlook for real estate credit, with high-quality real estate lending opportunities and improved liquidity across real estate markets.Resolution of Impaired Loans
Resolved $1.1 billion or 49% of impaired loans, bringing performing loan percentage to 93%.
Robust Repayments and Liquidity
Repayments of $1.6 billion in the quarter and $5.2 billion for the year, leading to record liquidity of $1.9 billion.
Significant Corporate Debt Transaction
Completed largest corporate debt transaction in history, a $1.1 billion deal that was four times oversubscribed.
Portfolio and Earnings Growth Potential
$2 billion of pipeline closed or in closing, with strong focus on multifamily, industrial, and self-storage sectors.
Stock Buyback Program
Repurchased $18 million of common stock at an average share price of $17.91, resulting in a positive 1% economic return.
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BXMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BXMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $18.93 | $19.23 | +1.58% |
| Oct 23, 2024 | $18.12 | $18.59 | +2.59% |
| Jul 24, 2024 | $18.65 | $16.48 | -11.64% |
| Apr 24, 2024 | $17.54 | $16.74 | -4.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Blackstone Mortgage (BXMT) report earnings?
Blackstone Mortgage (BXMT) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Blackstone Mortgage (BXMT) earnings time?
Blackstone Mortgage (BXMT) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BXMT EPS forecast?
BXMT EPS forecast for the fiscal quarter 2025 (Q1) is 0.22.
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