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 -0.48% change in stock price 10 days leading up to the earnings, and a -0.66% change 10 days following the report. On the earnings day itself, the stock moves by -0.11%. 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
431.31M
-16.95%
-7.48%
Gross Margin
--
--
--
Operating Margin
-13.36%
-155.74%
5.61%
Net Margin
-12.95%
-320.24%
0.31%
EPS
-0.32
-288.24%
-8.57%
No Data Available
BXMT Earnings Analysis
Blackstone Mortgage Trust, Inc. (NEW) Corporation (BXMT.N) Earnings Conference Call
Positive
Earnings Performance Analysis: In the third quarter, BXMT reported a GAAP net loss of $0.32 per share, while distributable earnings prior to charge-offs were $0.39 per share, showing a strong performance in earnings.
Dividend Payment Announcement: Two weeks ago, we paid a dividend of $0.47 per share with respect to the third quarter, reflecting our commitment to returning value to shareholders.
Strong Cash Flow Generation: We reported a total of $1.8 billion in repayments this quarter, marking our fourth highest repayment quarter ever and demonstrating strong cash flow generation.
Investment Portfolio Growth: Year to date, we have nearly $700 million of new originations closed or in closing across favored sectors, indicating robust growth in our investment portfolio.
Liquidity and Growth Outlook: Our liquidity has returned to the market, normalizing the cost of capital and bringing transaction activity off the sidelines, which is expected to drive future growth.
Negative
Quarterly Earnings Report: For the third quarter, we reported a GAAP net loss of $0.32 per share, while distributable earnings and distributable earnings prior to charge-offs were $0.39 and $0.49 per share respectively.
New Originations and Lending Growth: We have nearly $700 million of new originations closed or in closing across favored sectors, including multi-family, industrial, self-storage, and resort hotels, and the environment today supports lending at a lower basis with stronger cash flow coverage and higher returns.
Net Loss and Earnings Report: We reported a GAAP net loss of $0.32 per share, while distributable earnings and distributable earnings prior to charge-offs were $0.39 and $0.49 per share respectively.
New Originations and Lending Growth: We have nearly $700 million of new originations closed or in closing across favored sectors, including multi-family, industrial, self-storage, and resort hotels, and the environment today supports lending at a lower basis with stronger cash flow coverage and higher returns.
Loan Duration Strategy: We have a relatively short duration portfolio. Our loans are typically five years in term, repaying after two to three. In periods like the last few years, loans stick around longer with borrowers preferring to extend their hold periods and existing financing not withstanding strong performance from underlying collateral.
BXMT FAQs
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BXMT Earning Call Sentiment
Blackstone Mortgage Trust (BXMT) Q3 2024 Earnings Call Transcript
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BXMT.N
1.4%Positive
The earnings call presents a mixed picture: while there are positive signs such as increased book value, liquidity improvements, and strategic partnerships, there are also significant concerns. The GAAP net loss and increased CECL reserves indicate financial stress, and the unclear timeline for dividend sustainability adds uncertainty. The Q&A further highlights potential credit risks and market skepticism. Given the market cap and these mixed signals, the stock price is likely to remain stable with a neutral sentiment over the next two weeks.