NEW YORK, April 28, 2015 /PRNewswire/ -- Blackstone
Mortgage Trust, Inc. (NYSE: BXMT) today reported its first quarter
2015 results. Net income for the first quarter was $35 million, or $0.60 per share.
Stephen D. Plavin, Chief
Executive Officer, said, "The organic growth of the BXMT senior
loan business has driven our asset base to $5 billion in less than two years and produced
$0.54 per share of Core Earnings for
the first quarter. With the pending acquisition of the GE Capital
loan portfolio, we are taking a major leap forward in our scale and
ability to generate Core Earnings, further demonstrating the power
of the Blackstone real estate platform and our commitment to
increasing shareholder value."
Blackstone Mortgage Trust issued a full detailed presentation of
its first quarter 2015 results, which can be viewed at
www.bxmt.com.
Quarterly Investor Call Details
Blackstone Mortgage Trust will host a conference call on
Wednesday, April 29, 2015 at
10:00 a.m. ET to discuss first
quarter 2015 results. The conference call can be accessed by
dialing +1 (888) 268-4178 (U.S. domestic) or +1 (617) 597-5494
(international), with the passcode 245-054-61# or by webcast at
www.bxmt.com (listen only). For those unable to listen to the live
broadcast, a recorded replay will be available on the Company's
website or by telephone beginning approximately two hours after the
event. The replay call number is +1 (888) 286-8010 (U.S. domestic)
or +1 (617) 801-6888 (international), with the passcode
259-648-85#.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc. (NYSE:BXMT) is a real estate
finance company that originates and acquires senior loans
collateralized by properties in North
America and Europe. BXMT is
a real estate investment trust headquartered in New York City and is externally managed by
BXMT Advisors L.L.C., a subsidiary of Blackstone. Further
information is available at www.bxmt.com.
About Blackstone
Blackstone (NYSE:BX) is one of the world's leading investment
firms. Blackstone seeks to create positive economic impact and
long-term value for its investors, the companies it invests in, and
the communities in which it works. Blackstone does this by using
extraordinary people and flexible capital to help companies solve
problems. Blackstone's asset management businesses, with almost
$310 billion in assets under
management, include investment vehicles focused on private equity,
real estate, public debt and equity, non-investment grade credit,
real assets and secondary funds, all on a global basis. Blackstone
also provides various financial advisory services, including
financial and strategic advisory, restructuring and reorganization
advisory and fund placement services. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter
@Blackstone.
Forward-Looking Statements and Other Matters
This release may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
which reflect Blackstone Mortgage Trust's current views with
respect to, among other things, Blackstone Mortgage Trust's
proposed loan portfolio acquisition from GE Capital and operations
and financial performance. You can identify these forward-looking
statements by the use of words such as "outlook," "indicator,"
"believes," "expects," "potential," "continues," "may," "will,"
"should," "seeks," "approximately," "predicts," "intends," "plans,"
"estimates," "anticipates" or the negative version of these words
or other comparable words. Such forward-looking statements are
subject to various risks and uncertainties. Accordingly, there are
or will be important factors that could cause actual outcomes or
results to differ materially from those indicated in these
statements. Blackstone Mortgage Trust believes these factors
include but are not limited to those described under the section
entitled "Risk Factors" in its Annual Report on Form 10-K for the
fiscal year ended December 31, 2014
and under the section entitled "Risks Related to the Loan Portfolio
Acquisition" in its Current Report on Form 8-K filed with the
Securities and Exchange Commission on April
13, 2015, as such factors may be updated from time to time
in its periodic filings with the SEC which are accessible on the
SEC's website at www.sec.gov. These factors should not be construed
as exhaustive and should be read in conjunction with the other
cautionary statements that are included in this release and in the
filings. Blackstone Mortgage Trust assumes no obligation to update
or supplement forwardlooking statements that become untrue because
of subsequent events or circumstances.
We refer to "Core Earnings", which is a non-GAAP financial
measure, in this release. A reconciliation to net income
attributable to Blackstone Mortgage Trust, the most directly
comparable GAAP measure, is included in our full detailed
presentation of first quarter 2015 results and is available on our
website at www.bxmt.com.
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SOURCE Blackstone Mortgage Trust, Inc.