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Shares of Blackstone Mortgage Trust (NYSE:BXMT) were unchanged after the company reported Q2 results.
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Quarterly Results
Earnings per share decreased 1.61% year over year to $0.61, which beat the estimate of $0.60.
Revenue of $113,951,000 higher by 6.37% year over year, which beat the estimate of $111,660,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Blackstone Mortgage Trust hasn't issued any revenue guidance for the time being.
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Details Of The Call
Date: Jul 28, 2021
Time: 09:00 AM
ET Webcast URL: https://event.webcasts.com/starthere.jsp?ei=1478981&tp_key=b404a3854f
Recent Stock Performance
Company's 52-week high was at $33.88
52-week low: $20.70
Price action over last quarter: down 2.49%
Company Overview
Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.