$BXMT
BLACKSTONE MORTGAGE TRUST, INC.

2014 Q4 Form 10-Q Financial Statement

#000119312514385002 Filed on October 28, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $58.26M $50.39M $18.85M
YoY Change 117.08% 167.26% 171.5%
Cost Of Revenue $21.40M $19.90M $4.400M
YoY Change 86.09% 352.27% -13.73%
Gross Profit $36.80M $30.50M $14.40M
YoY Change 140.52% 111.81% 700.0%
Gross Profit Margin 63.17% 60.53% 76.38%
Selling, General & Admin $12.20M $8.800M $4.000M
YoY Change 54.43% 120.0% -2.44%
% of Gross Profit 33.15% 28.85% 27.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $12.20M $8.800M $4.700M
YoY Change 54.43% 87.23% 291.67%
Operating Profit $24.60M $21.70M $9.700M
YoY Change 232.43% 123.71% 1516.67%
Interest Expense $9.400M $19.90M $4.407M
YoY Change 213.33% 351.62% -14.38%
% of Operating Profit 38.21% 91.72% 45.43%
Other Income/Expense, Net
YoY Change
Pretax Income $25.40M $23.48M $10.26M
YoY Change 144.23% 128.83% -21.15%
Income Tax $100.0K -$118.0K -$264.0K
% Of Pretax Income 0.39% -0.5% -2.57%
Net Earnings $21.49M $22.02M $8.320M
YoY Change 203.57% 164.71% 18.87%
Net Earnings / Revenue 36.89% 43.71% 44.13%
Basic Earnings Per Share $0.37 $0.45 $0.29
Diluted Earnings Per Share $0.37 $0.45 $0.29
COMMON SHARES
Basic Shares Outstanding 57.68M shares 48.48M shares 28.89M shares
Diluted Shares Outstanding 28.89M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.00M $63.00M $10.00M
YoY Change 0.0% 530.0% -74.36%
Cash & Equivalents $51.81M $63.34M $10.28M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $52.00M $63.00M $10.00M
YoY Change 0.0% 530.0% -86.49%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.00M $15.00M $26.00M
YoY Change -50.0% -42.31% -90.51%
Other Assets $12.00M $11.00M $76.00M
YoY Change 20.0% -85.53% 300.0%
Total Long-Term Assets $4.521B $4.035B $1.567B
YoY Change 109.22% 157.48% 209.13%
TOTAL ASSETS
Total Short-Term Assets $52.00M $63.00M $10.00M
Total Long-Term Assets $4.521B $4.035B $1.567B
Total Assets $4.573B $4.098B $1.577B
YoY Change 106.65% 159.84% 171.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $1.896B $643.0M
YoY Change -100.0% 194.87%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.896B $643.0M
YoY Change 194.87% 64200.0%
LONG-TERM LIABILITIES
Long-Term Debt $3.011B $609.0M $83.00M
YoY Change 1104.4% 633.73% -83.6%
Other Long-Term Liabilities $61.00M $83.00M $47.00M
YoY Change -37.11% 76.6% 27.03%
Total Long-Term Liabilities $3.072B $692.0M $130.0M
YoY Change 785.3% 432.31% -76.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.896B $643.0M
Total Long-Term Liabilities $3.072B $692.0M $130.0M
Total Liabilities $3.072B $2.589B $773.8M
YoY Change 110.97% 234.55% 27.68%
SHAREHOLDERS EQUITY
Retained Earnings -$547.6M -$538.7M -$529.9M
YoY Change 2.13% 1.66%
Common Stock $2.028B $2.023B $1.243B
YoY Change 61.81% 62.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.465B $1.478B $713.3M
YoY Change
Total Liabilities & Shareholders Equity $4.573B $4.098B $1.577B
YoY Change 106.65% 159.84% 171.48%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income $21.49M $22.02M $8.320M
YoY Change 203.57% 164.71% 18.87%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $23.10M $23.50M $10.00M
YoY Change 61.54% 135.0% 96.08%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$545.8M -$418.5M -$532.4M
YoY Change -6.99% -21.39% -2709.8%
Cash From Investing Activities -$545.8M -$418.5M -$532.4M
YoY Change -6.99% -21.39% -2709.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.800M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 511.6M 339.6M 472.9M
YoY Change -16.76% -28.19% -2320.19%
NET CHANGE
Cash From Operating Activities 23.10M 23.50M 10.00M
Cash From Investing Activities -545.8M -418.5M -532.4M
Cash From Financing Activities 511.6M 339.6M 472.9M
Net Change In Cash -11.10M -55.40M -49.50M
YoY Change -126.37% 11.92% -1278.57%
FREE CASH FLOW
Cash From Operating Activities $23.10M $23.50M $10.00M
Capital Expenditures
Free Cash Flow
YoY Change

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dei Document Type
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10-Q
dei Entity Registrant Name
EntityRegistrantName
BLACKSTONE MORTGAGE TRUST, INC.
dei Trading Symbol
TradingSymbol
BXMT
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Cash and cash equivalents represent cash held in banks, cash on hand, and liquid investments with original maturities of three months or less.
us-gaap Management Fee Description
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Manager is entitled to an incentive fee in an amount equal to the product of (i) 20% and (ii) the excess of (a) our Core Earnings (as defined in the management agreement) for the previous 12-month period over (b) an amount equal to 7.00% per annum multiplied by our outstanding Equity, provided that our Core Earnings over the prior three-year period (or the period since the date of the first offering of our class A common stock following December 19, 2012, whichever is shorter) is greater than zero. Core Earnings is generally equal to our net income (loss) prepared in accordance with GAAP, excluding (i) certain non-cash items and (ii) the net income (loss) related to our legacy portfolio.
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us-gaap Use Of Estimates
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may ultimately differ from those estimates.</p> </div>
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45093314 shares
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
P2Y1M6D
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
us-gaap Deferred Revenue Description
DeferredRevenueDescription
Income accrual is generally suspended for loans at the earlier of the date at which payments become 90 days past due or when, in the opinion of our Manager, recovery of income and principal becomes doubtful.
dei Entity Central Index Key
EntityCentralIndexKey
0001061630
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.46
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.52
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> The following table outlines the key terms of our revolving repurchase facilities:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"><!-- Begin Table Head --> <tr> <td width="22%"></td> <td valign="bottom" width="10%"></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> <td valign="bottom" width="10%"></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"> <td valign="bottom" nowrap="nowrap"> <p style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; WIDTH: 24.9pt"> <b>Lender</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" nowrap="nowrap" align="center"><b>Rate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)(2)</sup></b></td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" nowrap="nowrap" align="center"><b>Guarantee<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)(3)</sup></b></td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" nowrap="nowrap" align="center"><b>Advance Rate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" nowrap="nowrap" align="center"><b>Margin Call<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></b></td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" nowrap="nowrap" align="center"><b>Term/Maturity</b></td> </tr> <!-- End Table Head --><!-- Begin Table Body --> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Wells Fargo</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">L+1.85%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">78.47%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center"> Collateral&#xA0;marks&#xA0;only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">Term matched<b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Bank of America</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">L+1.75%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">50%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">79.57%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center"> Collateral&#xA0;marks&#xA0;only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">May 21, 2019<b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Citibank</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">L+1.94%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">76.06%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center"> Collateral&#xA0;marks&#xA0;only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">Term matched<b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> JP Morgan</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">L+1.98%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">77.37%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center"> Collateral&#xA0;marks&#xA0;only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">Term matched<b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)(7)</sup></b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> MetLife</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">L+1.82%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">50%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">77.64%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center"> Collateral&#xA0;marks&#xA0;only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">June 29, 2020<b><sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(8)</sup></b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top" nowrap="nowrap"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; TEXT-INDENT: -1em"> Morgan Stanley</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">L+2.32%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">78.61%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center"> Collateral&#xA0;marks&#xA0;only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">March 3, 2017</td> </tr> <!-- End Table Body --></table> <p style="MARGIN-BOTTOM: 2pt; BORDER-BOTTOM: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt; LINE-HEIGHT: 8pt; WIDTH: 10%"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(1)</td> <td valign="top" align="left">Represents a weighted-average based on collateral assets pledged and borrowings outstanding as of September&#xA0;30, 2014.</td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(2)</td> <td valign="top" align="left">Represents weighted-average cash coupon on borrowings outstanding as of September&#xA0;30, 2014. As of September&#xA0;30, 2014, 91% of our revolving repurchase agreements are indexed to one-month USD LIBOR, 7% are indexed to three-month GBP LIBOR, and 2% referencing other floating rate indices.</td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(3)</td> <td valign="top" align="left">Other than amounts guaranteed based on specific collateral asset types, borrowings under our revolving repurchase facilities are not recourse to us.</td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(4)</td> <td valign="top" align="left">Margin call provisions under our revolving repurchase facilities do not permit valuation adjustments based on capital markets activity, and are limited to collateral-specific credit marks.</td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(5)</td> <td valign="top" align="left">Includes two one-year extension options which may be exercised at our sole discretion.</td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(6)</td> <td valign="top" align="left">These revolving repurchase facilities have various availability periods during which new advances can be made and which are generally subject to each lender&#x2019;s discretion. Maturity dates for advances outstanding are tied to the term of each respective collateral asset.</td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(7)</td> <td valign="top" align="left">Borrowings denominated in British pound sterling under this facility mature on December&#xA0;30, 2016.</td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(8)</td> <td valign="top" align="left">Includes five one-year extension options which may be exercised at our sole discretion.</td> </tr> </table> </div>
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us-gaap Foreign Currency Transaction Gain Loss Realized
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us-gaap Unrealized Gain Loss On Investments
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7604000
us-gaap Profit Loss
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75157000
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us-gaap Interest Expense
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us-gaap Professional Fees
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us-gaap Noninterest Expense
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us-gaap Interest Income Expense Net
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78810000
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-1609000
us-gaap General And Administrative Expense
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-1398000
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-7003000
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13323000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6602000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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us-gaap Share Based Compensation
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6824000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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6602000
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments For Proceeds From Loans Receivable
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us-gaap Comprehensive Income Net Of Tax
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5552000
us-gaap Interest And Dividend Income Operating
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us-gaap Proceeds From Sale And Collection Of Loans Receivable
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bxmt General And Administrative Expenses Subtotal
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3486000
bxmt Commitments Expiration Period
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P5Y
us-gaap Amortization Of Deferred Loan Origination Fees Net
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12763000
bxmt Incentive Fee Computation Percent Of Outstanding Equity Per Annum
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bxmt Closing Of Revolving Repurchase Facility
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3 Facility
bxmt Debt Instrument Covenant Minimum Percentage Of Tangible Net Worth On Net Cash Proceed Of Equity Issuances
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0.75 pure
bxmt Computed Management Fee Percent Of Outstanding Equity Balance
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0.0150 pure
bxmt Net Taxable Income Subject To Distribution Percent
NetTaxableIncomeSubjectToDistributionPercent
1.00 pure
bxmt Net Change In Accrued Interest Receivable Prepaid Expenses And Other Assets
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-8184000
bxmt Excise Tax Rate
ExciseTaxRate
0.04 pure
bxmt Repayment Of Borrowings On Repurchase Agreements
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181858000
bxmt Closing Of Asset Specific Repurchase Facilities
ClosingOfAssetSpecificRepurchaseFacilities
1 Assets
bxmt Operating Losses Carryforwards Expiration Dates
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bxmt Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
368850000
bxmt Participations Sold Loan Coupon Rate Description
ParticipationsSoldLoanCouponRateDescription
L+3.01 %
bxmt Participations Sold Loan Yield Description
ParticipationsSoldLoanYieldDescription
L+3.22 %
bxmt Expenses Of Consolidated Securitization Vehicles
ExpensesOfConsolidatedSecuritizationVehicles
399000
CY2014Q3 bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
2077000
bxmt Plan Adoption Date
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March 25, 2014
bxmt Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
3 Participants
bxmt Increase Decrease In Accounts Payable Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities
7357000
bxmt Incentive Fee Computation Percent Of Product Per Agreement
IncentiveFeeComputationPercentOfProductPerAgreement
0.20 pure
bxmt Annual Distribution Of Net Taxable Income Percentage
AnnualDistributionOfNetTaxableIncomePercentage
0.90 pure
bxmt Underlying Loans Yield Description
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L+5.81 %
bxmt Management Incentive Awards Plan Paid In Cash
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11190000
bxmt Number Of Loans Underlying
NumberOfLoansUnderlying
3 Participants
bxmt Underlying Loans Coupon Rate Description
UnderlyingLoansCouponRateDescription
L+4.56 %
bxmt Proceeds From Borrowings Under Asset Repurchase Agreements
ProceedsFromBorrowingsUnderAssetRepurchaseAgreements
163088000
bxmt Loan Participation Sold
LoanParticipationSold
368850000
bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
18035000
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ForeignCurrencyTransactionGainLossUnrealized
-8932000
CY2014Q3 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
1780000
CY2014Q3 us-gaap Profit Loss
ProfitLoss
23601000
CY2013 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
0
CY2013 bxmt Participations Sold Loan Coupon Rate Description
ParticipationsSoldLoanCouponRateDescription
L+5.12 %
CY2013 bxmt Participations Sold Loan Yield Description
ParticipationsSoldLoanYieldDescription
L+5.26 %
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NumberOfLoanParticipationsSold
1 Participants
CY2013 bxmt Underlying Loans Yield Description
UnderlyingLoansYieldDescription
L+9.25 %
CY2013 bxmt Number Of Loans Underlying
NumberOfLoansUnderlying
1 Participants
CY2013 bxmt Underlying Loans Coupon Rate Description
UnderlyingLoansCouponRateDescription
L+5.66 %
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
28894515 shares
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.27
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23483000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax
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13092000
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50386000
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.29
CY2013Q3 us-gaap Interest Income Expense Net
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CY2013Q3 us-gaap Unrealized Gain Loss On Investments
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464000
CY2013Q3 us-gaap Profit Loss
ProfitLoss
10526000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10262000
CY2013Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8320000
CY2013Q3 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
18853000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
8320000
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
10526000
CY2013Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
94000
CY2013Q3 us-gaap Interest Expense
InterestExpense
4407000
CY2013Q3 us-gaap Professional Fees
ProfessionalFees
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CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-264000
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
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CY2014Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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14669000
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CY2014Q3 us-gaap Interest Expense
InterestExpense
19903000
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CY2014Q3 us-gaap Income Tax Expense Benefit
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-118000
CY2014Q3 us-gaap Noninterest Expense
NoninterestExpense
8780000
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1525000
CY2014Q3 us-gaap Management Fee Expense
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5412000
CY2014Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
461000
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3368000
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1577000
CY2014Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1577000
CY2014Q3 bxmt General And Administrative Expenses Subtotal
GeneralAndAdministrativeExpensesSubtotal
1162000
CY2014Q3 bxmt Management Incentive Awards Plan
ManagementIncentiveAwardsPlan
458000
CY2014Q3 bxmt Expenses Of Consolidated Securitization Vehicles
ExpensesOfConsolidatedSecuritizationVehicles
129000
CY2013Q3 us-gaap Noninterest Expense
NoninterestExpense
4048000
CY2013Q3 us-gaap Management Fee Expense
ManagementFeeExpense
2433000
CY2013Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
148000
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1615000
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2206000
CY2013Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2206000
CY2013Q3 bxmt General And Administrative Expenses Subtotal
GeneralAndAdministrativeExpensesSubtotal
991000
CY2013Q3 bxmt Reversal Of Provision For Loan Lease And Other Losses
ReversalOfProvisionForLoanLeaseAndOtherLosses
-600000
CY2013Q3 bxmt Management Incentive Awards Plan
ManagementIncentiveAwardsPlan
458000
CY2013Q3 bxmt Expenses Of Consolidated Securitization Vehicles
ExpensesOfConsolidatedSecuritizationVehicles
72000
CY2013Q3 bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
552000
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
49211205 shares
CY2014Q3 us-gaap Repurchase Agreement Counterparty Weighted Average Maturity Of Agreements1
RepurchaseAgreementCounterpartyWeightedAverageMaturityOfAgreements1
P2Y1M6D
CY2014Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.50
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.45
CY2014Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
30483000

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