$BXMT
BLACKSTONE MORTGAGE TRUST, INC.

2015 Q3 Form 10-Q Financial Statement

#000119312515265974 Filed on July 28, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2015 Q2 2014 Q2
Revenue $138.4M $80.48M $42.47M
YoY Change 174.6% 89.52% 605.77%
Cost Of Revenue $51.30M $30.60M $15.70M
YoY Change 157.79% 94.9% 1107.69%
Gross Profit $87.00M $49.80M $26.70M
YoY Change 185.25% 86.52% 468.09%
Gross Profit Margin 62.88% 61.88% 62.87%
Selling, General & Admin $19.10M $23.70M $19.80M
YoY Change 117.05% 19.7% 482.35%
% of Gross Profit 21.95% 47.59% 74.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $19.10M $23.80M $19.80M
YoY Change 117.05% 20.2% 1314.29%
Operating Profit $67.90M $26.00M $6.900M
YoY Change 212.9% 276.81% 109.09%
Interest Expense $51.33M $30.63M $31.50M
YoY Change 157.9% -2.75% 2311.94%
% of Operating Profit 75.59% 117.82% 456.52%
Other Income/Expense, Net
YoY Change
Pretax Income $67.86M $32.52M $38.40M
YoY Change 188.97% -15.31% 424.45%
Income Tax $81.00K $105.0K $0.00
% Of Pretax Income 0.12% 0.32% 0.0%
Net Earnings $66.89M $29.28M $33.47M
YoY Change 203.71% -12.5% 1117.83%
Net Earnings / Revenue 48.34% 36.39% 78.81%
Basic Earnings Per Share $0.70
Diluted Earnings Per Share $716.3K $362.2K $0.70
COMMON SHARES
Basic Shares Outstanding 93.23M shares 81.45M shares 48.48M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $139.0M $104.0M $120.0M
YoY Change 120.63% -13.33% 100.0%
Cash & Equivalents $138.6M $104.3M $120.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $139.0M $104.0M $120.0M
YoY Change 120.63% -13.33% 100.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $7.000M $7.000M $14.00M
YoY Change -53.33% -50.0% -39.13%
Other Assets $9.000M $7.000M $11.00M
YoY Change -18.18% -36.36% -50.0%
Total Long-Term Assets $9.713B $10.36B $3.635B
YoY Change 140.69% 185.08% 253.88%
TOTAL ASSETS
Total Short-Term Assets $139.0M $104.0M $120.0M
Total Long-Term Assets $9.713B $10.36B $3.635B
Total Assets $9.852B $10.47B $3.755B
YoY Change 140.38% 178.74% 245.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $7.089B $1.780B
YoY Change -100.0% 298.26% 978.79%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.089B $1.780B
YoY Change 298.26% 978.79%
LONG-TERM LIABILITIES
Long-Term Debt $7.257B $799.0M $622.0M
YoY Change 1091.63% 28.46% 649.4%
Other Long-Term Liabilities $95.00M $83.00M $71.00M
YoY Change 14.46% 16.9% 91.89%
Total Long-Term Liabilities $7.352B $882.0M $693.0M
YoY Change 962.43% 27.27% 477.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.089B $1.780B
Total Long-Term Liabilities $7.352B $882.0M $693.0M
Total Liabilities $7.352B $7.971B $2.473B
YoY Change 184.0% 222.34% 766.3%
SHAREHOLDERS EQUITY
Retained Earnings -$552.9M -$561.9M -$531.9M
YoY Change 2.63% 5.65% 0.26%
Common Stock $3.067B $3.063B $1.768B
YoY Change 51.61% 73.23% 42.25%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.487B $2.483B $1.239B
YoY Change
Total Liabilities & Shareholders Equity $9.852B $10.47B $3.755B
YoY Change 140.38% 178.74% 245.39%

Cashflow Statement

Concept 2015 Q3 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $66.89M $29.28M $33.47M
YoY Change 203.71% -12.5% 1117.83%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $98.20M -$26.00M $19.00M
YoY Change 317.87% -236.84% 427.78%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $529.5M -$5.159B -$791.5M
YoY Change -226.52% 551.81% 18.84%
Cash From Investing Activities $529.5M -$5.159B -$791.5M
YoY Change -226.52% 551.81% 18.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.900M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -594.6M 5.269B 822.1M
YoY Change -275.09% 540.97% 16.33%
NET CHANGE
Cash From Operating Activities 98.20M -26.00M 19.00M
Cash From Investing Activities 529.5M -5.159B -791.5M
Cash From Financing Activities -594.6M 5.269B 822.1M
Net Change In Cash 33.10M 84.30M 49.60M
YoY Change -159.75% 69.96% 11.96%
FREE CASH FLOW
Cash From Operating Activities $98.20M -$26.00M $19.00M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2015Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q2 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
7088738000
CY2015Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3063429000
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
2483124000
CY2015Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
48480000
CY2015Q2 us-gaap Members Equity
MembersEquity
8800000
CY2015Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
93230131 shares
CY2014Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
23322000
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1282025000
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
120456000
CY2014Q2 bxmt Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
48587894 shares
CY2014Q2 bxmt Deferred Stock Units
DeferredStockUnits
106188 shares
CY2015Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7025000
CY2015Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
10131323000
CY2015Q2 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
10169609000
CY2015Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
0
CY2015Q2 us-gaap Assets
Assets
10466061000
CY2015Q2 us-gaap Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
12400000
CY2015Q2 us-gaap Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
635581000
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-561905000
CY2015Q2 us-gaap Liabilities
Liabilities
7970574000
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
10466061000
CY2015Q2 us-gaap Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
21200000
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2495487000
CY2015Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
83182000
CY2015Q2 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0
CY2015Q2 us-gaap Minority Interest
MinorityInterest
12363000
CY2015Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
20500000
CY2015Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-19332000
CY2015Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
1300000
CY2015Q2 us-gaap Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
216055000
CY2015Q2 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
163073000
CY2015Q2 bxmt Number Of Benefit Plans
NumberOfBenefitPlans
5 Plans
CY2015Q2 bxmt Percentage Of Book Value
PercentageOfBookValue
1.00 pure
CY2015Q2 us-gaap Asset Backed Securities At Carrying Value
AssetBackedSecuritiesAtCarryingValue
11000000
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
104252000
CY2015Q2 bxmt Debt Instrument Covenant Minimum Percentage Of Cash Liquidity On Recourse Indebtedness
DebtInstrumentCovenantMinimumPercentageOfCashLiquidityOnRecourseIndebtedness
0.05 pure
CY2015Q2 bxmt Equity Investments And Other Receivables Carrying Value
EquityInvestmentsAndOtherReceivablesCarryingValue
2900000
CY2015Q2 bxmt Number Of Loans Receivable Outstanding
NumberOfLoansReceivableOutstanding
72 Loans
CY2015Q2 bxmt Underlying Loans Principal Balance
UnderlyingLoansPrincipalBalance
786511000
CY2015Q2 bxmt Loans Receivable Number Of Loans
LoansReceivableNumberOfLoans
0
CY2015Q2 bxmt Libor Average Floor Rate
LiborAverageFloorRate
0.0059 pure
CY2015Q2 bxmt Unfunded Commitments Related To Loans Receivable
UnfundedCommitmentsRelatedToLoansReceivable
791200000
CY2015Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
7406000
CY2015Q2 bxmt Stock Shares Authorized
StockSharesAuthorized
300000000 shares
CY2015Q2 bxmt Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
0.69 pure
CY2015Q2 bxmt Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
93359570 shares
CY2015Q2 bxmt Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
0.31 pure
CY2015Q2 bxmt Derivative Net Asset Position Aggregate Fair Value
DerivativeNetAssetPositionAggregateFairValue
921964
CY2015Q2 bxmt Debt Instrument Covenant Requirement On Consolidated Tangible Net Worth Minimum
DebtInstrumentCovenantRequirementOnConsolidatedTangibleNetWorthMinimum
1900000000
CY2015Q2 bxmt Number Of Derivative Counterparties In Liability Position
NumberOfDerivativeCounterpartiesInLiabilityPosition
1 Counterparty
CY2014Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
0
CY2014Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2027404000
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
1465371000
CY2014Q4 us-gaap Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
499433000
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-547592000
CY2014Q4 us-gaap Liabilities
Liabilities
3087635000
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4588521000
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1500886000
CY2014Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
61013000
CY2014Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0
CY2014Q4 us-gaap Minority Interest
MinorityInterest
35515000
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-15024000
CY2015Q2 bxmt Deferred Stock Units
DeferredStockUnits
129584 shares
CY2015Q2 bxmt Floating Rate Loans
FloatingRateLoans
1200000000
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
756750000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52342000
CY2013Q4 bxmt Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
29602884 shares
CY2014Q4 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
2365336000
CY2015Q2 bxmt Number Of Derivative Counterparties In Asset Position
NumberOfDerivativeCounterpartiesInAssetPosition
1 Counterparty
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
0
CY2014Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
0
CY2014Q4 us-gaap Assets
Assets
4588521000
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
11591000
CY2014Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
4428500000
CY2014Q4 us-gaap Interest Receivable And Other Assets
InterestReceivableAndOtherAssets
86016000
CY2014Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
159000000
CY2015Q2 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield Disposals Of Loans
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYieldDisposalsOfLoans
0
CY2014Q4 bxmt Percentage Of Book Value
PercentageOfBookValue
1.00 pure
CY2014Q4 bxmt Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
0.15 pure
CY2015Q2 us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
590000000
CY2014Q4 bxmt Underlying Loans Principal Balance
UnderlyingLoansPrincipalBalance
635701000
CY2014Q4 us-gaap Principal Amount Outstanding On Loans Managed And Securitized
PrincipalAmountOutstandingOnLoansManagedAndSecuritized
4462897000
CY2014Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
32000000
CY2014Q4 bxmt Percentage Of Loans Receivable By Type
PercentageOfLoansReceivableByType
0.14 pure
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51810000
CY2014Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
10604000
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.52
CY2014Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
161853000
CY2014Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
19000000
CY2014Q4 bxmt Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
0.85 pure
CY2014Q4 bxmt Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
58388808 shares
CY2014Q4 bxmt Libor Average Floor Rate
LiborAverageFloorRate
0.0031 pure
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
43000242 shares
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
48328000
us-gaap Net Income Loss
NetIncomeLoss
46531000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.96
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1930000
us-gaap Interest Paid
InterestPaid
21522000
us-gaap Profit Loss
ProfitLoss
51555000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
32129000
CY2015Q2 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
1200000
CY2014Q4 us-gaap Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield Disposals Of Loans
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYieldDisposalsOfLoans
0
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
34009000
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
18975001 shares
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.08
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1148000
us-gaap Professional Fees
ProfessionalFees
1098000
us-gaap Noninterest Expense
NoninterestExpense
26361000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
510845000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
76122000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1296000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
48461000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1167507000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10510000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
4027000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1159000
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
5824000
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
20794000
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
1740977000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
53485000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
1930000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
24294000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
14125000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
52085000
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
7702000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
530000
us-gaap Share Based Compensation
ShareBasedCompensation
4769000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4103000
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1031000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
68114000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1835136000
us-gaap Interest Expense
InterestExpense
27794000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-1448638000
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
271884000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
1482743000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5024000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
510845000
us-gaap Management Fee Expense
ManagementFeeExpense
7807000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18554000
us-gaap Restricted Stock Expense
RestrictedStockExpense
4029000
us-gaap Dividends Common Stock
DividendsCommonStock
42122000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5024000
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-1148000
bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
15959000
bxmt Stock Issued During Period Shares Issuance Of Deferred Shares
StockIssuedDuringPeriodSharesIssuanceOfDeferredShares
10009 shares
bxmt Loan Participation Sold
LoanParticipationSold
368850000
bxmt Increase Decrease In Accounts Payable Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities
2513000
bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
2129000
bxmt Net Change In Accrued Interest Receivable Prepaid Expenses And Other Assets
NetChangeInAccruedInterestReceivablePrepaidExpensesAndOtherAssets
-5236000
bxmt Proceeds From Loan Origination And Exit Fees
ProceedsFromLoanOriginationAndExitFees
21751000
bxmt Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
188000
bxmt Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
368850000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
6351000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2015-06-30
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
34780298 shares
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Amendment Flag
AmendmentFlag
false
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.
us-gaap Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
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 Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.93
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001061630
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Management Fee Description
ManagementFeeDescription
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.
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">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="41%"></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td valign="bottom" width="4%"></td> <td width="17%"></td> <td valign="bottom" width="4%"></td> <td width="15%"></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" colspan="2" 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 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&#xA0;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"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Margin&#xA0;Call<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></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"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="center"><b>Term/Maturity</b></p> </td> </tr> <!-- End Table Head --><!-- Begin Table Body --> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <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">&#xA0;</td> <td valign="bottom" align="right">L+1.69</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">50%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">79.5%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">Collateral&#xA0;marks&#xA0;only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">May&#xA0;21, 2019<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <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">&#xA0;</td> <td valign="bottom" align="right">L+1.81</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">80.3%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center">Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)(7)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <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">&#xA0;</td> <td valign="bottom" align="right">L+1.80</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">79.2%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <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">&#xA0;</td> <td valign="bottom" align="right">L+1.80</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">50%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">77.9%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center"> February&#xA0;24,&#xA0;2021<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(8)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <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">&#xA0;</td> <td valign="bottom" align="right">L+1.93</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">76.7%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">Term&#xA0;matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <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">&#xA0;</td> <td valign="bottom" align="right">L+2.34</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">78.4%</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">March&#xA0;3,&#xA0;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 June&#xA0;30, 2015.</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"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Represents weighted-average cash coupon on borrowings outstanding as of June&#xA0;30, 2015. As of June&#xA0;30, 2015, our floating rate loans and related liabilities were indexed to the various benchmark rates relevant in each case in terms of currency and payment frequency. Therefore the net exposure to each benchmark rate is in direct proportion to our net assets indexed to that rate.</p> </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"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Other than amounts guaranteed based on specific collateral asset types, borrowings under our revolving repurchase facilities are not recourse to us.</p> </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"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">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.</p> </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"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Includes two one-year extension options which may be exercised at our sole discretion.</p> </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"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">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.</p> </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"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Borrowings denominated in British pound sterling under this facility mature on January&#xA0;7, 2018.</p> </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"> <p style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" align="justify">Includes five one-year extension options which may be exercised at our sole discretion.</p> </td> </tr> </table> </div>
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <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 consolidated 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 Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.04
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2015-06-30
dei Entity Registrant Name
EntityRegistrantName
BLACKSTONE MORTGAGE TRUST, INC.
us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
179799 shares
dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
bxmt Incentive Fee Computation Percent Of Average Outstanding Equity Per Annum
IncentiveFeeComputationPercentOfAverageOutstandingEquityPerAnnum
0.0700 pure
bxmt Underlying Loans Coupon Rate Description
UnderlyingLoansCouponRateDescription
L+4.03 %
bxmt Stock Issued During Period Shares Issuance Of Deferred Shares
StockIssuedDuringPeriodSharesIssuanceOfDeferredShares
10665 shares
bxmt Annual Distribution Of Net Taxable Income Percentage
AnnualDistributionOfNetTaxableIncomePercentage
0.90 pure
bxmt Loan Participation Sold
LoanParticipationSold
131836000
dei Trading Symbol
TradingSymbol
BXMT
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
69820061 shares
bxmt Number Of Directors
NumberOfDirectors
8 Directors
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
60371000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1520790000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
17712000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
6504000
us-gaap Net Income Loss
NetIncomeLoss
64679000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4308000
us-gaap Interest Paid
InterestPaid
43558000
us-gaap Profit Loss
ProfitLoss
78512000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
60695000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
89093000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1029557000
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
28000
us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
0
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
143889000
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-4566000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
126000
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
22190000
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
6430243000
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-28000
us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
-1062000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
74204000
us-gaap Payments For Participation Liabilities
PaymentsForParticipationLiabilities
124164000
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-4336000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5659000
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
5007000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
78862000
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
12198000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
350000
us-gaap Share Based Compensation
ShareBasedCompensation
11184000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
7955000
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1112000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
51332000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
6241975000
us-gaap Interest Expense
InterestExpense
54796000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-5723267000
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
686037000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
5768248000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
13833000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1029557000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
1110000
us-gaap Management Fee Expense
ManagementFeeExpense
14721000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23359000
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
256000000
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
36985000
us-gaap Professional Fees
ProfessionalFees
1476000
us-gaap Noninterest Expense
NoninterestExpense
38080000
us-gaap Restricted Stock Expense
RestrictedStockExpense
6506000
us-gaap Dividends Common Stock
DividendsCommonStock
78874000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13833000
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-36985000
bxmt Underlying Loans Yield Description
UnderlyingLoansYieldDescription
L+4.26 %
bxmt Dividend Paid Date
DividendPaidDate
2015-07-15
bxmt Percentage Of Compensation Form Of Deferred Stock Units
PercentageOfCompensationFormOfDeferredStockUnits
0.60 pure
bxmt Commitments Expiration Period
CommitmentsExpirationPeriod
P4Y
bxmt Number Of Loans Underlying
NumberOfLoansUnderlying
4 Participants
bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
11353000
bxmt Number Of Equal Quarterly Installments
NumberOfEqualQuarterlyInstallments
4 Installments
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
469000
us-gaap Interest Expense
InterestExpense
15720000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4973000
us-gaap Management Fee Expense
ManagementFeeExpense
4410000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15356000
us-gaap Professional Fees
ProfessionalFees
648000
us-gaap Noninterest Expense
NoninterestExpense
19766000
us-gaap Restricted Stock Expense
RestrictedStockExpense
2289000
bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
13989000
bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
1117000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4973000
us-gaap Profit Loss
ProfitLoss
38439000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
26746000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
42466000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
35360000
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
7163000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
40333000
bxmt Number Of Loans
NumberOfLoans
138
bxmt Number Of Directors Eligible For Annual Compensation
NumberOfDirectorsEligibleForAnnualCompensation
5 Directors
bxmt Number Of Senior Loan Participations Sold
NumberOfSeniorLoanParticipationsSold
1 Participants
bxmt Debt Instrument Covenant Minimum Percentage Of Tangible Net Worth On Net Cash Proceed Of Equity Issuances
DebtInstrumentCovenantMinimumPercentageOfTangibleNetWorthOnNetCashProceedOfEquityIssuances
0.75 pure
bxmt Participations Sold Loan Coupon Rate Description
ParticipationsSoldLoanCouponRateDescription
L+2.39 %
bxmt Increase Decrease In Accounts Payable Accrued Expenses And Other Liabilities
IncreaseDecreaseInAccountsPayableAccruedExpensesAndOtherLiabilities
443000
bxmt Excise Tax Rate
ExciseTaxRate
0.04 pure
bxmt Computed Management Fee Percent Of Average Outstanding Equity Balance
ComputedManagementFeePercentOfAverageOutstandingEquityBalance
0.0150 pure
bxmt Incentive Fee Computation Percent Of Product Per Agreement
IncentiveFeeComputationPercentOfProductPerAgreement
0.20 pure
bxmt Net Taxable Income Subject To Distribution Percent
NetTaxableIncomeSubjectToDistributionPercent
1.00 pure
bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
11801000
bxmt Proceeds From Loan Origination And Exit Fees
ProceedsFromLoanOriginationAndExitFees
16373000
bxmt Net Change In Accrued Interest Receivable Prepaid Expenses And Other Assets
NetChangeInAccruedInterestReceivablePrepaidExpensesAndOtherAssets
-56703000
bxmt Participations Sold Loan Yield Description
ParticipationsSoldLoanYieldDescription
L+2.64 %
bxmt Plan Adoption Date
PlanAdoptionDate
2014-03-25
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
1894000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
24294000
CY2015Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
105000
CY2015Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
554000
CY2015Q2 us-gaap Interest Expense
InterestExpense
30634000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3133000
CY2015Q2 us-gaap Management Fee Expense
ManagementFeeExpense
8051000
CY2015Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15698000
CY2015Q2 us-gaap Professional Fees
ProfessionalFees
777000
CY2015Q2 us-gaap Noninterest Expense
NoninterestExpense
23749000
bxmt Operating Losses Carryforwards Expiration Dates
OperatingLossesCarryforwardsExpirationDates
Expire in 2029
bxmt Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
4 Participants
bxmt Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
188000
bxmt Percentage Of Compensation Paid In Cash
PercentageOfCompensationPaidInCash
0.40 pure
bxmt Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
256000000
bxmt Dividends Reinvested
DividendsReinvested
7000
CY2015Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
280025 shares
CY2015Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
29.97
CY2015Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
7900000
CY2015Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
3303000
CY2015Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3133000
CY2014 bxmt Number Of Loans Underlying
NumberOfLoansUnderlying
4 Participants
CY2014 bxmt Number Of Loans
NumberOfLoans
60
CY2014 bxmt Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
4 Participants
CY2015Q1 us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
320000000
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.36
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.52
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
80940535 shares
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
29284000
CY2015Q2 us-gaap Profit Loss
ProfitLoss
32417000
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
49847000
CY2015Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3308000
CY2015Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
0
CY2015Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
80481000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
41708000
CY2015Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
4714000
CY2015Q2 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
3308000
CY2015Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
44841000
CY2015Q2 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
15732000
CY2015Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1710000
CY2015Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
32522000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
38437000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2000
CY2015Q2 bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
5249000
CY2015Q2 bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
10344000
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.70
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
47977813 shares
us-gaap Net Income Loss
NetIncomeLoss
33466000

Files In Submission

Name View Source Status
0001193125-15-265974-index-headers.html Edgar Link pending
0001193125-15-265974-index.html Edgar Link pending
0001193125-15-265974.txt Edgar Link pending
0001193125-15-265974-xbrl.zip Edgar Link pending
bxmt-20150630.xml Edgar Link completed
bxmt-20150630.xsd Edgar Link pending
bxmt-20150630_cal.xml Edgar Link unprocessable
bxmt-20150630_def.xml Edgar Link unprocessable
bxmt-20150630_lab.xml Edgar Link unprocessable
bxmt-20150630_pre.xml Edgar Link unprocessable
d57666d10q.htm Edgar Link pending
d57666dex101.htm Edgar Link pending
d57666dex102.htm Edgar Link pending
d57666dex103.htm Edgar Link pending
d57666dex104.htm Edgar Link pending
d57666dex311.htm Edgar Link pending
d57666dex312.htm Edgar Link pending
d57666dex321.htm Edgar Link pending
d57666dex322.htm Edgar Link pending
d57666dex991.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g57666tx_01.jpg Edgar Link pending
g57666tx_37.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
R9999.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending