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Stock impact report

Blackstone Mortgage Trust: Portfolio Shift, Growth, Cheap (Rating Upgrade) [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's portfolio has shifted away from impaired U.S. office loans toward multi-family and industrial assets, now its largest segments. The REIT posted 16% year-over-year distributable earnings growth in Q4 and achieved a 109% dividend coverage ratio, with three consecutive quarters of improvement. Blackstone Mortgage Trust now has the strongest earnings trend and the best coverage ratio in the CRE finance REIT industry group. BXMT trades at a 6% discount to book value, offering an attractive entry point for investors seeking income and repricing upside. Elijah-Lovkoff/iStock via Getty Images Blackstone Mortgage Trust ( BXMT ) has worked diligently in the last two years in reducing the size of its office loan portfolio which has weighed on the REIT's financial performance. BXMT's impaired loans in turn dragged This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of BXMT, STWD, LADR either through stock ownership, options, o Show less Read more
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