Blackstone mortgage trust, inc. (BXMT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Income from loans and other investments
Interest and related income

204,875

220,678

213,873

223,369

224,759

206,098

203,107

191,479

155,425

146,127

146,446

126,825

118,517

116,288

128,190

130,471

123,025

128,386

138,361

80,481

63,407

58,258

50,386

42,466

33,656

26,838

18,853

6,017

1,456

6,516

6,944

6,763

14,716

21,974

25,642

32,554

36,991

40,280

39,525

Less: Interest and related expenses

104,200

110,952

111,957

116,891

118,700

103,923

97,955

87,733

69,989

65,983

67,891

54,352

46,674

44,451

45,373

49,065

45,381

46,292

51,329

30,634

24,161

21,446

19,903

15,720

12,074

11,527

4,407

1,306

777

4,236

5,147

5,413

23,342

16,593

21,838

32,296

26,247

31,557

31,653

Income from loans and other investments, net

100,636

109,711

101,916

106,478

106,071

102,150

105,152

103,746

85,436

80,174

78,555

72,473

71,843

71,837

82,817

81,406

77,644

82,094

87,032

49,847

39,246

36,812

30,483

26,746

21,582

15,311

14,446

4,711

679

2,280

1,797

1,350

-8,626

5,381

3,804

258

10,744

8,723

7,872

Management fees from affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,753

1,595

1,580

2,050

924

Incentive management fees from affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

733

-

Servicing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,460

438

310

84

1,226

Total other revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,213

2,033

1,890

2,867

2,150

Other expenses
Management and incentive fees

19,277

20,159

17,502

20,984

19,790

18,586

18,368

22,388

15,492

14,284

13,243

14,393

12,921

12,798

13,701

15,847

13,613

14,351

13,813

8,051

6,671

6,272

5,412

4,410

3,397

2,521

2,433

920

63

-

-

-

-

-

-

-

-

-

-

General and administrative expenses

11,791

9,903

9,741

9,897

9,313

9,631

8,443

8,747

8,708

7,702

7,419

7,373

7,428

6,726

7,414

6,781

6,795

8,053

5,295

15,698

7,663

5,876

3,368

15,356

3,199

5,408

1,615

2,507

1,975

4,055

3,991

1,567

756

-10,888

4,941

4,649

10,280

5,148

4,509

Total other expenses

31,068

30,062

27,243

30,881

29,103

28,217

26,811

31,135

24,200

21,986

20,662

21,766

20,349

19,524

21,115

22,628

20,408

22,404

19,108

23,749

14,334

12,148

8,780

19,766

6,596

7,929

4,048

3,427

2,038

4,055

3,991

1,567

756

-10,888

4,941

4,649

10,280

5,148

4,509

Gain on investments at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

6

2,824

10,524

66

-141

-82

4,714

17,476

5,654

1,780

7,163

-1,339

-

464

4,000

-

-

-

-

-

-

-

-

-

-

-

Income from equity investment in unconsolidated subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

995

2,060

-6

138

6,121

17

1,710

3,950

-

-

24,294

-

-

-

-

-

469

411

205

696

1,545

307

842

955

1,056

932

Fair value adjustment on investment in CT Legacy Asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,987

-3,704

3,954

-

0

0

0

-

-

Loss on deconsolidation of subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,903

0

0

146,380

-

0

0

0

-

-

Total other-than-temporary impairments of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

13,689

30,687

0

4,933

29,963

3,848

Portion of other-than-temporary impairments of securities recognized in other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

160

-4,341

-173

0

3,271

5,921

-1,852

Impairment of real estate held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,055

-

-

4,000

-

Net impairments recognized in earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

160

9,348

31,569

0

8,204

39,884

1,996

Recovery of provision for loan losses

122,702

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,328

2,811

16

-8

53,727

-17,152

-8,088

-9,161

95,916

2,010

Valuation allowance on loans held-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-341

-600

2,000

200

-

-

-

0

-

0

224

-

-6,036

-

Gain on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

-

-

-

-

-

0

20,054

937

250,040

185

463

(Loss) income before income taxes

-53,134

79,649

74,673

75,597

76,968

73,933

78,341

72,611

61,236

58,188

57,893

50,707

51,494

53,314

66,586

69,296

57,440

65,670

67,859

32,522

46,338

25,445

23,483

38,437

13,647

10,394

10,262

7,322

-1,559

124,184

13,015

3,692

141,496

-14,977

8,020

7,285

254,306

-134,153

2,902

Income tax provision

149

68

-721

46

101

36

48

104

120

48

83

94

89

-85

194

-154

241

73

81

105

245

107

-118

-2

531

667

-264

554

38

-293

166

0

301

211

-236

1,061

389

556

-

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124,477

12,849

3,692

141,195

-

-

-

-

-

-

Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,275

51

-341

-573

-

-

-

-

-

-

Net (loss) income

-53,283

79,581

75,394

75,551

76,867

73,897

78,293

72,507

61,116

58,140

57,810

50,613

51,405

53,399

66,392

69,450

57,199

65,597

67,778

32,417

46,093

25,338

23,601

38,439

13,116

9,727

10,526

6,768

-1,597

122,931

12,900

3,351

140,622

-16,078

8,256

6,224

253,917

-134,709

2,902

Net income attributable to non-controlling interests

67

650

497

377

302

254

128

195

158

-

88

-

-

24

1,598

6,369

152

333

890

3,133

10,700

3,848

1,577

4,973

51

2,648

2,206

4,020

1,518

17,742

5,901

1,068

74,069

-7,758

-5,466

8,069

-668

-

-

Net (loss) income attributable to Blackstone Mortgage Trust, Inc.

-53,350

78,931

74,897

75,174

76,565

73,643

78,165

72,312

60,958

57,891

57,722

50,613

51,405

53,375

64,794

63,081

57,047

65,264

66,888

29,284

35,393

21,490

22,024

33,466

13,065

7,079

8,320

2,748

-3,115

105,189

6,999

2,283

66,553

-8,320

13,722

-1,845

254,585

-134,709

2,902

Net (loss) income per share of common stock basic and diluted

-0.39

0.58

0.56

0.59

0.62

0.61

0.67

0.66

0.56

0.59

0.61

0.53

0.54

0.56

0.69

0.67

0.61

0.73

0.72

0.36

0.60

-

0.45

0.70

-

-

0.29

-

-

-

-

-

-

-

-

-

-

-

-

Weighted-average shares of common stock outstanding, basic and diluted

135,619

134,996

134,536

126,475

124,333

121,759

116,203

109,069

108,397

98,842

95,013

95,005

94,993

94,457

94,071

94,064

94,067

94,086

93,357

80,940

58,576

-

49,211

47,977

-

-

28,894

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations per share of common stock
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44.65

3.00

1.15

29.39

-

-

-

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42.62

2.82

1.08

27.64

-

-

-

-

-

-

Loss from discontinued operations per share of common stock
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.65

0.02

-0.15

-0.25

-

-

-

-

-

-

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.65

0.02

-0.15

-0.25

-

-

-

-

-

-

Net income per share of common stock
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.34

-

-

0.22

-1.03

44.00

3.02

1.00

29.14

102.05

0.60

-0.08

11.35

-6.02

0.13

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.34

-

-

0.22

-1.03

41.97

2.84

0.93

27.39

96.25

0.57

-0.08

11.04

-6.02

0.13

Weighted-average shares of common stock outstanding
Basic

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,967

-

-

12,401

3,016

2,493

2,317

2,289

2,283

-58,824

22,730

22,723

22,435

22,389

22,344

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,967

-

-

12,401

3,016

2,566

2,461

2,442

2,430

-60,333

24,121

22,723

23,068

22,389

22,667

Dividends declared per share of common stock

-

-

-

-

-

-

-

-

-

-

0.62

0.62

0.62

-

0.62

0.62

0.62

-

0.62

0.52

0.52

-

0.50

0.48

0.48

-

0.27

-

-

-

-

-

-

-

-

-

-

-

-