2016 Q2 Form 10-Q Financial Statement
#000119312516556472 Filed on April 26, 2016
Income Statement
Concept | 2016 Q2 | 2016 Q1 | 2015 Q1 |
---|---|---|---|
Revenue | $130.5M | $123.0M | $63.41M |
YoY Change | 62.11% | 94.02% | 88.4% |
Cost Of Revenue | $49.10M | $45.40M | $24.20M |
YoY Change | 60.46% | 87.6% | 100.0% |
Gross Profit | $81.40M | $77.60M | $39.20M |
YoY Change | 63.45% | 97.96% | 81.48% |
Gross Profit Margin | 62.39% | 63.08% | 61.82% |
Selling, General & Admin | $22.60M | $20.40M | $14.30M |
YoY Change | -4.64% | 42.66% | 116.67% |
% of Gross Profit | 27.76% | 26.29% | 36.48% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $22.60M | $20.40M | $14.30M |
YoY Change | -5.04% | 42.66% | 116.67% |
Operating Profit | $58.80M | $57.20M | $24.90M |
YoY Change | 126.15% | 129.72% | 66.0% |
Interest Expense | $49.07M | $45.38M | $24.16M |
YoY Change | 60.17% | 87.83% | 100.11% |
% of Operating Profit | 83.44% | 79.34% | 97.03% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $69.30M | $57.44M | $46.34M |
YoY Change | 113.07% | 23.96% | 239.55% |
Income Tax | -$154.0K | $241.0K | $245.0K |
% Of Pretax Income | -0.22% | 0.42% | 0.53% |
Net Earnings | $63.08M | $57.05M | $35.39M |
YoY Change | 115.41% | 61.18% | 170.9% |
Net Earnings / Revenue | 48.35% | 46.37% | 55.82% |
Basic Earnings Per Share | $0.60 | ||
Diluted Earnings Per Share | $670.6K | $605.7K | $0.60 |
COMMON SHARES | |||
Basic Shares Outstanding | 93.91M shares | 93.93M shares | 58.58M shares |
Diluted Shares Outstanding | 58.58M shares |
Balance Sheet
Concept | 2016 Q2 | 2016 Q1 | 2015 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $182.0M | $111.0M | $18.00M |
YoY Change | 75.0% | 516.67% | -74.65% |
Cash & Equivalents | $181.8M | $110.6M | $18.47M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $182.0M | $111.0M | $18.00M |
YoY Change | 75.0% | 516.67% | -74.65% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $2.806M | $3.000M | $12.00M |
YoY Change | -59.91% | -75.0% | -47.83% |
Other Assets | $0.00 | $0.00 | $27.00M |
YoY Change | -100.0% | -100.0% | 145.45% |
Total Long-Term Assets | $9.306B | $9.444B | $5.068B |
YoY Change | -10.19% | 86.35% | 79.49% |
TOTAL ASSETS | |||
Total Short-Term Assets | $182.0M | $111.0M | $18.00M |
Total Long-Term Assets | $9.306B | $9.444B | $5.068B |
Total Assets | $9.488B | $9.555B | $5.086B |
YoY Change | -9.34% | 87.88% | 75.71% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $2.649B |
YoY Change | -100.0% | -100.0% | 73.14% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.649B | ||
YoY Change | 73.14% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $6.786B | $6.953B | $871.0M |
YoY Change | 749.31% | 698.28% | 201.38% |
Other Long-Term Liabilities | $193.0M | $100.0M | $63.00M |
YoY Change | 132.53% | 58.73% | -5.97% |
Total Long-Term Liabilities | $6.979B | $7.053B | $934.0M |
YoY Change | 691.27% | 655.14% | 162.36% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.649B | ||
Total Long-Term Liabilities | $6.979B | $7.053B | $934.0M |
Total Liabilities | $6.979B | $7.053B | $3.583B |
YoY Change | -12.44% | 96.84% | 89.98% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$542.3M | -$547.1M | -$542.7M |
YoY Change | -3.49% | 0.81% | 0.12% |
Common Stock | $3.080B | $3.075B | $2.031B |
YoY Change | 0.54% | 51.38% | 34.42% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.496B | $2.495B | $1.457B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $9.488B | $9.555B | $5.086B |
YoY Change | -9.34% | 87.88% | 75.71% |
Cashflow Statement
Concept | 2016 Q2 | 2016 Q1 | 2015 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $63.08M | $57.05M | $35.39M |
YoY Change | 115.41% | 61.18% | 170.9% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $57.50M | $65.80M | $32.40M |
YoY Change | -321.15% | 103.09% | 116.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $89.50M | -$146.0M | -$564.2M |
YoY Change | -101.73% | -74.12% | -14.14% |
Cash From Investing Activities | $89.50M | -$146.0M | -$564.2M |
YoY Change | -101.73% | -74.12% | -14.14% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $6.000K | $3.000K | |
YoY Change | 100.0% | -100.0% | |
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -83.60M | 91.70M | 498.8M |
YoY Change | -101.59% | -81.62% | -24.49% |
NET CHANGE | |||
Cash From Operating Activities | 57.50M | 65.80M | 32.40M |
Cash From Investing Activities | 89.50M | -146.0M | -564.2M |
Cash From Financing Activities | -83.60M | 91.70M | 498.8M |
Net Change In Cash | 63.40M | 11.50M | -33.00M |
YoY Change | -24.79% | -134.85% | -278.38% |
FREE CASH FLOW | |||
Cash From Operating Activities | $57.50M | $65.80M | $32.40M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2016Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-33445000 | |
CY2016Q1 | us-gaap |
Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
|
11000000 | |
CY2016Q1 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
24000000 | |
CY2016Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
99684000 | |
CY2016Q1 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
34500000 | |
CY2016Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2016Q1 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
0 | |
CY2016Q1 | us-gaap |
Minority Interest
MinorityInterest
|
6416000 | |
CY2016Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
93912674 | shares |
CY2015Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1502698000 | |
CY2015Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
18474000 | |
CY2016Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2016Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q1 | us-gaap |
Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
|
6311659000 | |
CY2016Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3074975000 | |
CY2016Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
18400000 | |
CY2016Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2495417000 | |
CY2016Q1 | us-gaap |
Members Equity
MembersEquity
|
4600000 | |
CY2016Q1 | us-gaap |
Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
|
6400000 | |
CY2016Q1 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
9289000 | |
CY2016Q1 | us-gaap |
Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
|
476894000 | |
CY2016Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-547052000 | |
CY2016Q1 | us-gaap |
Liabilities
Liabilities
|
7052933000 | |
CY2016Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2501833000 | |
CY2016Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9554766000 | |
CY2016Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
51800000 | |
CY2016Q1 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
485000 | |
CY2016Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
2762000 | |
CY2016Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
625000 | |
CY2016Q1 | bxmt |
Stock Shares Authorized
StockSharesAuthorized
|
300000000 | shares |
CY2016Q1 | bxmt |
Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
|
0.37 | pure |
CY2016Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
164696000 | |
CY2016Q1 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
0 | |
CY2016Q1 | us-gaap |
Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
|
8800000 | |
CY2016Q1 | us-gaap |
Assets
Assets
|
9554766000 | |
CY2016Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
17726000 | |
CY2016Q1 | us-gaap |
Interest Receivable
InterestReceivable
|
36901000 | |
CY2016Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
434000 | |
CY2016Q1 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
9313763000 | |
CY2016Q1 | us-gaap |
Other Assets
OtherAssets
|
127185000 | |
CY2016Q1 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
0 | |
CY2016Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
110622000 | |
CY2016Q1 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet
|
0 | |
CY2016Q1 | bxmt |
Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
|
0.63 | pure |
CY2016Q1 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
828000 | |
CY2015Q4 | us-gaap |
Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
|
497032000 | |
CY2015Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-545791000 | |
CY2014Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1500886000 | |
CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
51810000 | |
CY2015Q4 | us-gaap |
Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
|
6116105000 | |
CY2015Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3070200000 | |
CY2015Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
25000000 | |
CY2015Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2492588000 | |
CY2015Q4 | us-gaap |
Members Equity
MembersEquity
|
9400000 | |
CY2015Q4 | us-gaap |
Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
|
13100000 | |
CY2016Q1 | bxmt |
Debt Instrument Covenant Minimum Percentage Of Cash Liquidity On Recourse Indebtedness
DebtInstrumentCovenantMinimumPercentageOfCashLiquidityOnRecourseIndebtedness
|
0.05 | pure |
CY2016Q1 | bxmt |
Underlying Loans Principal Balance
UnderlyingLoansPrincipalBalance
|
583589000 | |
CY2016Q1 | bxmt |
Libor Average Floor Rate
LiborAverageFloorRate
|
0.0180 | pure |
CY2016Q1 | bxmt |
Debt Instrument Covenant Requirement On Consolidated Tangible Net Worth Minimum
DebtInstrumentCovenantRequirementOnConsolidatedTangibleNetWorthMinimum
|
1900000000 | |
CY2016Q1 | bxmt |
Number Of Benefit Plans
NumberOfBenefitPlans
|
5 | Plans |
CY2016Q1 | bxmt |
Percentage Of Book Value
PercentageOfBookValue
|
1.00 | pure |
CY2016Q1 | bxmt |
Derivative Net Asset Position Aggregate Fair Value
DerivativeNetAssetPositionAggregateFairValue
|
135000 | |
CY2016Q1 | bxmt |
Floating Rate Loans
FloatingRateLoans
|
146900000 | |
CY2016Q1 | bxmt |
Real Estate Debt And Equity Investments At Fair Value
RealEstateDebtAndEquityInvestmentsAtFairValue
|
11826000 | |
CY2016Q1 | bxmt |
Principal And Interest Payments Held By Our Third Party Loan Servicer
PrincipalAndInterestPaymentsHeldByOurThirdPartyLoanServicer
|
77145000 | |
CY2016Q1 | bxmt |
Loans Outstanding With Unfunded Commitments
LoansOutstandingWithUnfundedCommitments
|
71 | Loans |
CY2016Q1 | bxmt |
Underlying Loans Book Value
UnderlyingLoansBookValue
|
579742000 | |
CY2016Q1 | bxmt |
Participating Mortgage Loans Participation Liabilities Principal Amount
ParticipatingMortgageLoansParticipationLiabilitiesPrincipalAmount
|
478661000 | |
CY2016Q1 | bxmt |
Secured Debt Repurchase Agreements Gross
SecuredDebtRepurchaseAgreementsGross
|
6329385000 | |
CY2015Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
1448000 | |
CY2015Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
8657000 | |
CY2015Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
890000 | |
CY2015Q4 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
9077007000 | |
CY2015Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
159000000 | |
CY2015Q4 | us-gaap |
Other Assets
OtherAssets
|
184119000 | |
CY2015Q4 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
0 | |
CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
96450000 | |
CY2015Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
525000 | |
CY2015Q4 | us-gaap |
Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
|
602000 | |
CY2015Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
0 | |
CY2015Q4 | us-gaap |
Assets
Assets
|
9376573000 | |
CY2015Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
15646000 | |
CY2015Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
8163000 | |
CY2015Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
37161000 | |
CY2015Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
9556000 | |
CY2015Q4 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
9441000 | |
CY2015Q4 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet
|
0 | |
CY2015Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
93679000 | |
CY2015Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
0 | |
CY2015Q4 | us-gaap |
Minority Interest
MinorityInterest
|
13143000 | |
CY2015Q4 | us-gaap |
Liabilities
Liabilities
|
6870842000 | |
CY2015Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9376573000 | |
CY2015Q4 | us-gaap |
Limited Liability Company Llc Members Equity Including Portion Attributable To Noncontrolling Interest
LimitedLiabilityCompanyLlcMembersEquityIncludingPortionAttributableToNoncontrollingInterest
|
22500000 | |
CY2015Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2505731000 | |
CY2015Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
57800000 | |
CY2015Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-32758000 | |
CY2015Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
164026000 | |
CY2015Q4 | bxmt |
Principal And Interest Payments Held By Our Third Party Loan Servicer
PrincipalAndInterestPaymentsHeldByOurThirdPartyLoanServicer
|
123160000 | |
CY2015Q4 | bxmt |
Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
|
0.36 | pure |
CY2016Q1 | bxmt |
Number Of Directors Eligible For Annual Compensation
NumberOfDirectorsEligibleForAnnualCompensation
|
5 | Directors |
CY2016Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.62 | |
CY2016Q1 | bxmt |
Percentage Of Compensation Form Of Deferred Stock Units
PercentageOfCompensationFormOfDeferredStockUnits
|
0.60 | pure |
CY2016Q1 | bxmt |
Number Of Directors
NumberOfDirectors
|
8 | Directors |
CY2015Q4 | bxmt |
Participating Mortgage Loans Participation Liabilities Principal Amount
ParticipatingMortgageLoansParticipationLiabilitiesPrincipalAmount
|
498992000 | |
CY2015Q4 | bxmt |
Underlying Loans Book Value
UnderlyingLoansBookValue
|
604321000 | |
CY2015Q4 | bxmt |
Underlying Loans Principal Balance
UnderlyingLoansPrincipalBalance
|
608554000 | |
CY2015Q4 | bxmt |
Libor Average Floor Rate
LiborAverageFloorRate
|
0.0180 | pure |
CY2015Q4 | bxmt |
Percentage Of Book Value
PercentageOfBookValue
|
1.00 | pure |
CY2015Q4 | bxmt |
Floating Rate Loans
FloatingRateLoans
|
147900000 | |
CY2015Q4 | bxmt |
Real Estate Debt And Equity Investments At Fair Value
RealEstateDebtAndEquityInvestmentsAtFairValue
|
14220000 | |
CY2015Q4 | bxmt |
Secured Debt Repurchase Agreements Gross
SecuredDebtRepurchaseAgreementsGross
|
6131751000 | |
CY2015Q4 | bxmt |
Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
|
0.64 | pure |
CY2016Q1 | bxmt |
Percentage Of Compensation Paid In Cash
PercentageOfCompensationPaidInCash
|
0.40 | pure |
CY2015 | bxmt |
Commitments Expiration Period
CommitmentsExpirationPeriod
|
P4Y | |
CY2015 | bxmt |
Number Of Loans Underlying
NumberOfLoansUnderlying
|
3 | Loans |
CY2015 | bxmt |
Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
|
3 | Loans |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
32413000 | |
CY2015Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.60 | |
CY2015Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.52 | |
CY2015Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
58576025 | shares |
CY2015Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
35393000 | |
CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-16732000 | |
CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-16732000 | |
CY2015Q1 | us-gaap |
Interest Paid
InterestPaid
|
18996000 | |
CY2015Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
17476000 | |
CY2015Q1 | us-gaap |
Profit Loss
ProfitLoss
|
46093000 | |
CY2015Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
30300000 | |
CY2015Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
39246000 | |
CY2015Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2000 | |
CY2015Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
63407000 | |
CY2015Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
15299000 | |
CY2015Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
18661000 | |
CY2015Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
387555000 | |
CY2015Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
3053000 | |
CY2015Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
452000 | |
CY2015Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
700000 | |
CY2015Q1 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
3337000 | |
CY2015Q1 | us-gaap |
Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
|
-4141000 | |
CY2015Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
29361000 | |
CY2015Q1 | us-gaap |
Payments For Participation Liabilities
PaymentsForParticipationLiabilities
|
28164000 | |
CY2015Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3950000 | |
CY2015Q1 | us-gaap |
Dividends Cash
DividendsCash
|
30398000 | |
CY2015Q1 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
5717000 | |
CY2015Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
245000 | |
CY2015Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6104000 | |
CY2015Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
3519000 | |
CY2015Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-2021000 | |
CY2015Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
759000 | |
CY2015Q1 | us-gaap |
Interest Expense
InterestExpense
|
24161000 | |
CY2015Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
688142000 | |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-564220000 | |
CY2015Q1 | us-gaap |
Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
|
348153000 | |
CY2015Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
-20069000 | |
CY2015Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
3000 | |
CY2015Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
3337000 | |
CY2015Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
498762000 | |
CY2015Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
10700000 | |
CY2015Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
3000 | |
CY2015Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-291000 | |
CY2015Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
6671000 | |
CY2015Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
46338000 | |
CY2015Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
3202000 | |
CY2015Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
129000 | |
CY2015Q1 | us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
903152000 | |
CY2015Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-33045000 | |
CY2015Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
1819000 | |
CY2015Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7663000 | |
CY2015Q1 | bxmt |
Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
|
1459000 | |
CY2015Q1 | bxmt |
Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
|
30398000 | |
CY2015Q1 | bxmt |
Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
|
94000 | |
CY2015Q1 | bxmt |
Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
|
256000000 | |
CY2015Q1 | bxmt |
Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
|
108000 | |
CY2015Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
10700000 | |
CY2016Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2015Q1 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
-452000 | |
CY2015Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
14334000 | |
CY2015Q1 | us-gaap |
Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
|
6078000 | |
CY2015Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
3203000 | |
CY2015Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
30398000 | |
CY2015Q1 | bxmt |
Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
|
6104000 | |
CY2016Q1 | 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. | |
CY2016Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>1. ORGANIZATION</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt" align="justify">References herein to “Blackstone Mortgage Trust,” “Company,” “we,” “us” or “our” refer to Blackstone Mortgage Trust, Inc. and its subsidiaries unless the context specifically requires otherwise.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt" align="justify">Blackstone Mortgage Trust is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. We are externally managed by BXMT Advisors L.L.C., or our Manager, a subsidiary of The Blackstone Group L.P., or Blackstone, and are a real estate investment trust, or REIT, traded on the New York Stock Exchange, or NYSE, under the symbol “BXMT.” We are headquartered in New York City.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt" align="justify">We conduct our operations as a REIT for U.S. federal income tax purposes. We generally will not be subject to U.S. federal income taxes on our taxable income to the extent that we annually distribute all of our net taxable income to stockholders and maintain our qualification as a REIT. We also operate our business in a manner that permits us to maintain our exclusion from registration under the Investment Company Act of 1940, as amended. We are organized as a holding company and conduct our business primarily through our various subsidiaries.</p> </div> | |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
65781000 | |
CY2016Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | |
CY2016Q1 | us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2016-03-31 | |
CY2016Q1 | us-gaap |
Revenue Recognition Interest
RevenueRecognitionInterest
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Revenue Recognition</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt" align="justify">Interest income from our loans receivable is recognized over the life of each investment using the effective interest method and is recorded on the accrual basis. Recognition of fees, premiums, and discounts associated with these investments is deferred until the loan is advanced and is then recorded over the term of the loan as an adjustment to yield. 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. Income is then recorded on the basis of cash received until accrual is resumed when the loan becomes contractually current and performance is demonstrated to be resumed. In addition, for loans we originate, the related origination expenses are deferred and recognized as a component of interest income, however expenses related to loans we acquire are included in general and administrative expenses as incurred.</p> </div> | |
CY2016Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2016Q1 | 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. | |
CY2016Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.61 | |
CY2016Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2016Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001061630 | |
CY2016Q1 | us-gaap |
Operating Loss Carryforwards Expiration Date
OperatingLossCarryforwardsExpirationDate
|
2029-12-31 | |
CY2016Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | |
CY2016Q1 | 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 our 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, as defined in our management agreement, is generally equal to our net income (loss) prepared in accordance with GAAP, excluding (i) certain non-cash items (ii) the net income (loss) related to our legacy portfolio and (iii) incentive management fees. | |
CY2016Q1 | us-gaap |
Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> The following table outlines the key terms of our revolving repurchase facilities as of March 31, 2016:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt">  </p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"> <tr> <td width="28%"></td> <td valign="bottom" width="3%"></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></td> <td valign="bottom" width="4%"></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt; WIDTH: 24.9pt"> <b>Lender</b></p> </td> <td valign="bottom">  </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)</sup></b></td> <td valign="bottom">    </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">(2)</sup></b></td> <td valign="bottom">    </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">(3)</sup></b></td> <td valign="bottom">    </td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" align="center"><b>Margin Call<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></b></td> <td valign="bottom">    </td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" nowrap="nowrap" align="center"><b>Currency</b></td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" nowrap="nowrap" align="center"><b>Term/Maturity</b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Wells Fargo</p> </td> <td valign="bottom">  </td> <td valign="bottom" align="center">L+1.78%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">25%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">79.5%</td> <td valign="bottom">    </td> <td valign="bottom" align="center"> Collateral marks only</td> <td valign="bottom">    </td> <td valign="bottom" align="center">$</td> <td valign="bottom">  </td> <td valign="bottom" align="center">Term matched<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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Bank of America</p> </td> <td valign="bottom">  </td> <td valign="bottom" align="center">L+1.69%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">50%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">79.5%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">Collateral marks only</td> <td valign="bottom">    </td> <td valign="bottom" nowrap="nowrap" align="center">$</td> <td valign="bottom">  </td> <td valign="bottom" align="center">May 21, 2021<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> JP Morgan</p> </td> <td valign="bottom">  </td> <td valign="bottom" align="center">L+1.80%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">25%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">80.4%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">Collateral marks only</td> <td valign="bottom">    </td> <td valign="bottom" align="center">$ / £</td> <td valign="bottom">  </td> <td valign="bottom" align="center">January 7, 2018</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> MetLife</p> </td> <td valign="bottom">  </td> <td valign="bottom" align="center">L+1.76%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">50%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">78.5%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">Collateral marks only</td> <td valign="bottom">    </td> <td valign="bottom" nowrap="nowrap" align="center">$</td> <td valign="bottom">  </td> <td valign="bottom" nowrap="nowrap" align="center"> February 24, 2021<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Citibank</p> </td> <td valign="bottom">  </td> <td valign="bottom" align="center">L+1.92%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">25%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">77.7%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">Collateral marks only</td> <td valign="bottom">    </td> <td valign="bottom" nowrap="nowrap" align="center">$</td> <td valign="bottom">  </td> <td valign="bottom" align="center">Term matched<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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Morgan Stanley</p> </td> <td valign="bottom">  </td> <td valign="bottom" align="center">L+2.35%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">25%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">79.1%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">Collateral marks only</td> <td valign="bottom">    </td> <td valign="bottom" align="center"> £  / €</td> <td valign="bottom">  </td> <td valign="bottom" align="center">March 3, 2017</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Société Générale</p> </td> <td valign="bottom">  </td> <td valign="bottom" align="center">L+1.60%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">25%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">80.0%</td> <td valign="bottom">    </td> <td valign="bottom" align="center">Collateral marks only</td> <td valign="bottom">    </td> <td valign="bottom" align="center"> £  / €</td> <td valign="bottom">  </td> <td valign="bottom" align="center">Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td> </tr> </table> <p style="MARGIN-BOTTOM: 2pt; BORDER-BOTTOM: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt; LINE-HEIGHT: 8pt; WIDTH: 10%">  </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"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Represents weighted-average cash coupon based on borrowings outstanding. In instances where our borrowings are denominated in currencies other than the U.S. Dollar, interest accrues at a rate equivalent to a margin plus a base rate other than 1-month USD LIBOR, such as 3-month GBP LIBOR, 3-month EURIBOR, or 3-month CDOR.</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">(2)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Other than amounts guaranteed based on specific collateral asset types, borrowings under our revolving repurchase facilities are non-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">(3)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Represents weighted-average advance rate based on the outstanding principal balance of the collateral assets pledged.</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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Margin call provisions under our revolving repurchase facilities do not permit valuation adjustments based on capital markets events, 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="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" 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’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">(6)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" 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">(7)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Includes five one-year extension options which may be exercised at our sole discretion.</p> </td> </tr> </table> </div> | |
CY2016Q1 | us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2016-08-31 | |
CY2016Q1 | us-gaap |
Profit Loss
ProfitLoss
|
57199000 | |
CY2016Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
58097000 | |
CY2016Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
77644000 | |
CY2016Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2000 | |
CY2016Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-4254000 | |
CY2016Q1 | us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
-27000 | |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
5979000 | |
CY2016Q1 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
6000 | |
CY2016Q1 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-6666000 | |
CY2016Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.62 | |
CY2016Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2016Q1 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
123025000 | |
CY2016Q1 | us-gaap |
Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
|
-9122000 | |
CY2016Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
56360000 | |
CY2016Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
466536000 | |
CY2016Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
5260000 | |
CY2016Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
57440000 | |
CY2016Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
4593000 | |
CY2016Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
151000 | |
CY2016Q1 | us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
586066000 | |
CY2016Q1 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-6666000 | |
CY2016Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
BLACKSTONE MORTGAGE TRUST, INC. | |
CY2016Q1 | us-gaap |
Payments For Proceeds From Derivative Instrument Financing Activities
PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
|
-8218000 | |
CY2016Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
56512000 | |
CY2016Q1 | us-gaap |
Payments For Participation Liabilities
PaymentsForParticipationLiabilities
|
9600000 | |
CY2016Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
138000 | |
CY2016Q1 | us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
8954000 | |
CY2016Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
241000 | |
CY2016Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4852000 | |
CY2016Q1 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
6837000 | |
CY2016Q1 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
4053000 | |
CY2016Q1 | us-gaap |
Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
|
2016-03-15 | |
CY2016Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2016-03-31 | |
CY2016Q1 | 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" align="justify">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> | |
CY2016Q1 | dei |
Trading Symbol
TradingSymbol
|
BXMT | |
CY2016Q1 | us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2016-04-15 | |
CY2016Q1 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
869000 | |
CY2016Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
629897000 | |
CY2016Q1 | us-gaap |
Interest Expense
InterestExpense
|
45381000 | |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-146007000 | |
CY2016Q1 | us-gaap |
Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
|
420513000 | |
CY2016Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
91749000 | |
CY2016Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
152000 | |
CY2016Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
6000 | |
CY2016Q1 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
2649000 | |
CY2016Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
13613000 | |
CY2016Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
11523000 | |
CY2016Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-2256000 | |
CY2016Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6795000 | |
CY2016Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
6879000 | |
CY2016Q1 | us-gaap |
Professional Fees
ProfessionalFees
|
890000 | |
CY2016Q1 | us-gaap |
Dividends Cash
DividendsCash
|
58226000 | |
CY2016Q1 | us-gaap |
Noninterest Expense
NoninterestExpense
|
20408000 | |
CY2016Q1 | us-gaap |
Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
|
10424000 | |
CY2016Q1 | us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
59300000 | |
CY2016Q1 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
4593000 | |
CY2016Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
58226000 | |
CY2016Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
152000 | |
CY2016Q1 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
94067769 | shares |
CY2016Q1 | us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
-6879000 | |
CY2016Q1 | bxmt |
Commitments Expiration Period
CommitmentsExpirationPeriod
|
P4Y | |
CY2016Q1 | bxmt |
Number Of Loans Underlying
NumberOfLoansUnderlying
|
3 | Loans |
CY2016Q1 | bxmt |
Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
|
4986000 | |
CY2016Q1 | bxmt |
Number Of Equal Quarterly Installments
NumberOfEqualQuarterlyInstallments
|
4 | Installments |
CY2016Q1 | bxmt |
Incentive Fee Computation Percent Of Average Outstanding Equity Per Annum
IncentiveFeeComputationPercentOfAverageOutstandingEquityPerAnnum
|
0.0700 | pure |
CY2016Q1 | bxmt |
Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
|
58226000 | |
CY2016Q1 | bxmt |
Annual Distribution Of Net Taxable Income Percentage
AnnualDistributionOfNetTaxableIncomePercentage
|
0.90 | pure |
CY2016Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
57047000 | |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-687000 | |
CY2016Q1 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-687000 | |
CY2016Q1 | us-gaap |
Interest Paid
InterestPaid
|
38121000 | |
CY2016Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
66000 | |
CY2016Q1 | bxmt |
Debt Instrument Covenant Minimum Percentage Of Tangible Net Worth On Net Cash Proceed Of Equity Issuances
DebtInstrumentCovenantMinimumPercentageOfTangibleNetWorthOnNetCashProceedOfEquityIssuances
|
0.75 | pure |
CY2016Q1 | bxmt |
Excise Tax Rate
ExciseTaxRate
|
0.04 | pure |
CY2016Q1 | bxmt |
Computed Management Fee Percent Of Average Outstanding Equity Balance
ComputedManagementFeePercentOfAverageOutstandingEquityBalance
|
0.0150 | pure |
CY2016Q1 | bxmt |
Incentive Fee Computation Percent Of Product Per Agreement
IncentiveFeeComputationPercentOfProductPerAgreement
|
0.20 | pure |
CY2016Q1 | bxmt |
Net Taxable Income Subject To Distribution Percent
NetTaxableIncomeSubjectToDistributionPercent
|
1.00 | pure |
CY2016Q1 | bxmt |
Expected Loss On Investment
ExpectedLossOnInvestment
|
0 | |
CY2016Q1 | bxmt |
Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
|
1759000 | |
CY2016Q1 | bxmt |
Plan Adoption Date
PlanAdoptionDate
|
2014-03-25 | |
CY2016Q1 | bxmt |
Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
|
3 | Loans |
CY2016Q1 | bxmt |
Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
|
94000 | |
CY2016Q1 | bxmt |
Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
|
75378000 |