NEW YORK, April 26, 2016 /PRNewswire/ -- Blackstone
Mortgage Trust, Inc. (NYSE:BXMT) today reported its first quarter
2016 results. Core Earnings for the first quarter was $61 million, or $0.65 per share. Net income for the first quarter
was $57 million, or $0.61 per share.
Stephen D. Plavin, Chief
Executive Officer, said, "During a period of market volatility,
BXMT's pure-play, senior mortgage business model excelled. We
originated $861 million of loans,
extended and upsized our credit facilities, and delivered strong
Core Earnings while maintaining the conservative risk profile of
our portfolio."
Blackstone Mortgage Trust issued a full detailed presentation of
its first quarter 2016 results, which can be viewed at
www.bxmt.com.
Quarterly Investor Call Details
Blackstone Mortgage Trust will host a conference call on
Wednesday, April 27, 2016 at
10:00 a.m. ET to discuss first
quarter 2016 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
518-864-17#.
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 over
$340 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. 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
operations and financial performance, including performance of the
loan portfolio acquired from GE Capital. 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, 2015, as such factors may be updated
from time to time in its periodic filings with the Securities and
Exchange Commission ("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 forward‐looking 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 2016 results and is available on our
website at www.bxmt.com.
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visit:http://www.prnewswire.com/news-releases/blackstone-mortgage-trust-reports-first-quarter-2016-results-300257780.html
SOURCE Blackstone Mortgage Trust, Inc.