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Stock impact report

Blackstone Mortgage Trust: Improving Outlook For 2026 [Seeking Alpha]

Blackstone Mortgage Trust, Inc. (BXMT) 
Last blackstone mortgage trust, inc. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Seeking Alpha
BXMT reduced impaired loans from $2.3B to $700M year-over-year, improving coverage and lowering risk, though office exposure remains material at 29%. Distributable earnings grew for the second consecutive quarter, with a 102% dividend coverage ratio, reflecting a healthier payout profile post last year's dividend cut. I see a change in revenue composition for BXMT with the REIT pushing into non-office mortgage loans and owned real estate. BXMT trades at a 7% discount to book value; further improvement hinges on avoiding new loan losses and continued reduction in office exposure. SmileStudioAP/iStock via Getty Images Blackstone Mortgage Trust ( BXMT ) continued to shrink its impaired loan portfolio in the third quarter and managed to support its dividend with earnings available for distribution. Blackstone Mortgage Trust successfully stabilized its portfolio and income This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of Show less Read more
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