BXMT Earnings Prediction
The chart below shows how BXMT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BXMT sees a -1.21% change in stock price 10 days leading up to the earnings, and a +0.03% change 10 days following the report. On the earnings day itself, the stock moves by +0.06%. This data can give you a slight idea of what to expect for the next quarter's release.
BXMT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
398.50M
-21.09%
-7.61%
Gross Margin
--
--
--
Operating Margin
9.96%
4627.27%
-174.55%
Net Margin
9.38%
2858.82%
-172.43%
EPS
0.21
2200.00%
-165.62%
No Data Available
BXMT Earnings Analysis
Blackstone Mortgage Trust Inc Corporation (BXMT.N) Earnings Conference Call
Positive
Impaired Loans Resolution: Resolved $1.1 billion or 49% of impaired loans, increasing performing loan percentage to 93%.
Strong Portfolio Performance: Achieved $5.2 billion in repayments for the year, 36% above last year's levels, indicating strong portfolio performance.
Corporate Debt Transaction Success: Completed a $1.1 billion corporate debt transaction, extending maturity profile and attracting robust demand at four times oversubscribed.
Strong Liquidity Position: Maintained a strong liquidity position of $1.9 billion, providing ample capacity for new investments and capital deployment.
Book Value Achievement: Achieved a book value of $21.87 per share, with a $32 million reversal of CECL reserve due to loan resolutions at an aggregate premium to carrying value.
Negative
Distributable Earnings Shortfall: Blackstone Mortgage Trust reported a distributable earnings loss of $1.25 per share, significantly missing expectations of a loss of $0.87 per share, indicating a substantial shortfall in profitability for the quarter.
Impaired Loan Charge-Offs: The company incurred $294 million in charge-offs related to impaired loan resolutions, equating to $1.69 per share, which negatively impacted overall distributable earnings despite the long-term benefits of these resolutions.
Book Value Decline: Book value decreased by 1% from the previous quarter, ending at $21.87 per share, reflecting a lack of significant growth in asset value despite ongoing resolutions and repayments.
Portfolio Contraction Impact: The company reported a near-term portfolio contraction due to capital deployment lagging behind repayments, which is expected to weigh on distributable earnings in the immediate future.
Credit Pressure Challenges: Despite a strong liquidity position of $1.5 billion, the company faces challenges with 13 remaining impaired loans that burdened the portfolio with $0.10 per share of quarterly interest expense, indicating ongoing credit pressures.
BXMT FAQs
How does BXMT typically perform around its earnings report dates?
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BXMT Earning Call Sentiment
Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q4 2024 Earnings Call Transcript
BXMT.N
-0.44%Positive
The earnings call presents mixed signals. While there are positives like strong repayment activity, stock buybacks, and liquidity, negatives include a significant DE miss and charge-offs impacting earnings. The Q&A reveals management's cautious approach, with some unanswered questions. The market cap suggests moderate reactions. Overall, the positive factors are offset by financial challenges, leading to a neutral sentiment.
