BXMT Stock Recent News

Blackstone Mortgage (BXMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEW YORK & MEXICO CITY--(BUSINESS WIRE)--Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates has increased the price of its tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA 13) by Ps.1.00 per certificate to a purchase price of Ps.39.50 per certificate. The all-cash tender offer represents a premium of 24% over the unaffected price per T.

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.62 per share of class A common stock with respect to the second quarter of 2024. This dividend is payable on July 15, 2024 to stockholders of record as of the close of business on June 28, 2024. About Blackstone Mortgage Trust  Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and A.

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) and M&T Realty Capital Corporation (M&T Realty Capital) announced today that they have entered into a partnership that will establish a dedicated team to enable BXMT borrowers to access multifamily agency financing for conventional and affordable multifamily loans through M&T Realty Capital's Fannie Mae DUS® and Freddie Mac Optigo® lending platforms. BXMT is a leading provider of floating rate, first mortgage fi.

NEW YORK & MEXICO CITY--(BUSINESS WIRE)--Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates has commenced a tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA 13) at a purchase price of Ps.38.50 per certificate. The all-cash tender offer represents a premium of 21% over the unaffected price per Terrafina certificate at the close of tradi.

NEW YORK--(BUSINESS WIRE)--Blackstone Real Estate today announced that it has reached an agreement to sell Turtle Bay Resort for $725 million. Blackstone purchased the hotel in 2018 for $332 million and subsequently invested significant capital in renovations. Rob Harper, Head of Blackstone Real Estate Asset Management Americas, said, “This transaction is an excellent outcome for our investors and a testament to Blackstone's ability, including through the pandemic, to transform iconic, luxury h.

Blackstone Mortgage Trust's shares hit a 1-year low last week as the market's attitude towards the REIT turned sour amid ongoing loan problems. BXMT's balance sheet quality deteriorated in the last quarter, particularly in the office loan portfolio. The increase in the CECL reserve led to a decrease in distributable earnings, causing the REIT to underearn its dividend by 47%. A dividend cut now seems likely.

This year, the stock market adage “sell in May and go away” may hold very true, especially when it comes to the real estate investment trusts (REITs) best categorized as REITs to sell. These are the REITs that are facing the greatest challenges from the two major factors affecting the sector.

Blackstone Mortgage Trust's stock declined 4.6% after reporting a net loss in Q1 due to loan problems in the office category. An increase in the expected credit loss reserve affected the company's dividend coverage ratio, raising concerns about the sustainability of the dividend. The market is concerned about the credit quality of the trust's office loan portfolio, reflected in the 29% discount to book value.

Blackstone Mortgage (BXMT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.