2017 Q4 Form 10-Q Financial Statement
#000119312517317887 Filed on October 24, 2017
Income Statement
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
Revenue | $146.1M | $146.4M | $128.2M |
YoY Change | 25.62% | 14.24% | -7.35% |
Cost Of Revenue | $66.00M | $67.90M | $45.40M |
YoY Change | 48.31% | 49.56% | -11.5% |
Gross Profit | $80.20M | $78.60M | $82.80M |
YoY Change | 11.7% | -5.07% | -4.83% |
Gross Profit Margin | 54.89% | 53.67% | 64.59% |
Selling, General & Admin | $22.00M | $20.70M | $21.10M |
YoY Change | 12.82% | -1.9% | 10.47% |
% of Gross Profit | 27.43% | 26.34% | 25.48% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $21.90M | $20.70M | $21.10M |
YoY Change | 12.31% | -1.9% | 10.47% |
Operating Profit | $58.30M | $57.90M | $61.70M |
YoY Change | 11.47% | -6.16% | -9.13% |
Interest Expense | $0.00 | $67.89M | $45.37M |
YoY Change | -100.0% | 49.63% | -11.6% |
% of Operating Profit | 0.0% | 117.26% | 73.54% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $58.20M | $57.89M | $66.59M |
YoY Change | 9.19% | -13.06% | -1.88% |
Income Tax | $0.00 | $83.00K | $194.0K |
% Of Pretax Income | 0.0% | 0.14% | 0.29% |
Net Earnings | $57.89M | $57.72M | $64.79M |
YoY Change | 8.46% | -10.91% | -3.13% |
Net Earnings / Revenue | 39.62% | 39.42% | 50.55% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $586.0K | $607.4K | $688.6K |
COMMON SHARES | |||
Basic Shares Outstanding | 94.83M shares | 94.83M shares | 93.91M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $70.00M | $61.00M | $94.00M |
YoY Change | -7.89% | -35.11% | -32.37% |
Cash & Equivalents | $69.65M | $61.22M | $94.06M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $70.00M | $61.00M | $94.00M |
YoY Change | -7.89% | -35.11% | -32.37% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $1.678M | ||
YoY Change | -76.03% | ||
Other Assets | $33.00M | $33.00M | $1.000M |
YoY Change | 3200.0% | -88.89% | |
Total Long-Term Assets | $10.19B | $9.716B | $8.417B |
YoY Change | 16.62% | 15.43% | -13.34% |
TOTAL ASSETS | |||
Total Short-Term Assets | $70.00M | $61.00M | $94.00M |
Total Long-Term Assets | $10.19B | $9.716B | $8.417B |
Total Assets | $10.26B | $9.777B | $8.511B |
YoY Change | 16.41% | 14.87% | -13.61% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | |||
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $7.201B | $7.149B | $5.896B |
YoY Change | 15.57% | 21.25% | -18.75% |
Other Long-Term Liabilities | $141.0M | $102.0M | $110.0M |
YoY Change | 60.23% | -7.27% | 15.79% |
Total Long-Term Liabilities | $7.342B | $7.251B | $6.006B |
YoY Change | 16.19% | 20.73% | -18.31% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | |||
Total Long-Term Liabilities | $7.342B | $7.251B | $6.006B |
Total Liabilities | $7.341B | $7.251B | $6.006B |
YoY Change | 16.18% | 20.73% | -18.3% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$567.2M | -$558.1M | -$535.8M |
YoY Change | 4.81% | 4.15% | -3.09% |
Common Stock | $3.508B | $3.110B | $3.086B |
YoY Change | 13.49% | 0.78% | 0.63% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.911B | $2.520B | $2.504B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $10.26B | $9.777B | $8.511B |
YoY Change | 16.41% | 14.87% | -13.61% |
Cashflow Statement
Concept | 2017 Q4 | 2017 Q3 | 2016 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $57.89M | $57.72M | $64.79M |
YoY Change | 8.46% | -10.91% | -3.13% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $51.00M | $65.70M | $64.30M |
YoY Change | 3.87% | 2.18% | -34.52% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$461.1M | $26.30M | $846.1M |
YoY Change | 29.7% | -96.89% | 59.79% |
Cash From Investing Activities | -$461.1M | $26.30M | $846.1M |
YoY Change | 29.7% | -96.89% | 59.79% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 417.6M | -67.10M | -997.8M |
YoY Change | 43.95% | -93.28% | 67.81% |
NET CHANGE | |||
Cash From Operating Activities | 51.00M | 65.70M | 64.30M |
Cash From Investing Activities | -461.1M | 26.30M | 846.1M |
Cash From Financing Activities | 417.6M | -67.10M | -997.8M |
Net Change In Cash | 7.500M | 24.90M | -87.40M |
YoY Change | -146.01% | -128.49% | -364.05% |
FREE CASH FLOW | |||
Cash From Operating Activities | $51.00M | $65.70M | $64.30M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2017Q3 | us-gaap |
Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
|
7750000 | |
CY2017Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-63500000 | |
CY2017Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2017Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
94828007 | shares |
CY2017Q2 | bxmt |
Joint Venture Capital Contribution Percentage
JointVentureCapitalContributionPercentage
|
0.85 | pure |
CY2016Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
94061000 | |
CY2016Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
94938000 | |
CY2016Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
877000 | |
CY2016Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2504798000 | |
CY2016Q3 | bxmt |
Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
|
94075307 | shares |
CY2017Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
72900000 | |
CY2017Q2 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
474600000 | |
CY2017Q2 | us-gaap |
Derivative Assets
DerivativeAssets
|
1628000 | |
CY2017Q2 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
7167000 | |
CY2017Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3109094000 | |
CY2017Q3 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
2633000 | |
CY2017Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
31100000 | |
CY2017Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-32362000 | |
CY2017Q3 | us-gaap |
Assets
Assets
|
9776917000 | |
CY2017Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
61221000 | |
CY2017Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
94085000 | |
CY2017Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2017Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2017Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
94828007 | shares |
CY2017Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
948000 | |
CY2017Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
17462000 | |
CY2017Q3 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
0 | |
CY2017Q3 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
0 | |
CY2017Q3 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
562741000 | |
CY2017Q3 | us-gaap |
Derivative Assets
DerivativeAssets
|
1628000 | |
CY2017Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
58793000 | |
CY2017Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
7167000 | |
CY2017Q3 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
24000000 | |
CY2017Q3 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
0 | |
CY2017Q3 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
19922000 | |
CY2017Q3 | bxmt |
Loan Exposure Amount Including Non Consolidated Senior Interests
LoanExposureAmountIncludingNonConsolidatedSeniorInterests
|
987600000 | |
CY2017Q3 | us-gaap |
Interest Receivable
InterestReceivable
|
34715000 | |
CY2017Q3 | us-gaap |
Liabilities
Liabilities
|
7251125000 | |
CY2017Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9776917000 | |
CY2017Q3 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
4989350000 | |
CY2017Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
4386645000 | |
CY2017Q3 | us-gaap |
Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
|
9637152000 | |
CY2017Q3 | us-gaap |
Minority Interest
MinorityInterest
|
6178000 | |
CY2017Q3 | us-gaap |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
9681055000 | |
CY2017Q3 | us-gaap |
Other Assets
OtherAssets
|
45680000 | |
CY2017Q3 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
239000 | |
CY2017Q3 | us-gaap |
Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
|
33193000 | |
CY2017Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
101758000 | |
CY2017Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2017Q3 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
34000 | |
CY2017Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q3 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
469000 | |
CY2017Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q3 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
32864000 | |
CY2017Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-558066000 | |
CY2017Q3 | us-gaap |
Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
|
6079135000 | |
CY2017Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2519614000 | |
CY2017Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2525792000 | |
CY2017Q3 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
|
500800000 | |
CY2017Q3 | us-gaap |
Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
|
474900000 | |
CY2017Q3 | bxmt |
Debt Instrument Covenant Requirement On Consolidated Tangible Net Worth Minimum
DebtInstrumentCovenantRequirementOnConsolidatedTangibleNetWorthMinimum
|
1900000000 | |
CY2017Q3 | bxmt |
Accrued Management And Incentive Fees Payable
AccruedManagementAndIncentiveFeesPayable
|
13243000 | |
CY2017Q3 | bxmt |
Principal Collateral Of Gross Loan For Asset Specific Financing Agreements
PrincipalCollateralOfGrossLoanForAssetSpecificFinancingAgreements
|
662223000 | |
CY2017Q3 | bxmt |
Restricted Cash Fair Value Disclosure
RestrictedCashFairValueDisclosure
|
32864000 | |
CY2017Q3 | bxmt |
Secured Debt Financing Agreements
SecuredDebtFinancingAgreements
|
516537000 | |
CY2017Q3 | bxmt |
Book Value Collateral Of Gross Loan For Asset Specific Financing Agreements
BookValueCollateralOfGrossLoanForAssetSpecificFinancingAgreements
|
659152000 | |
CY2017Q3 | bxmt |
Floating Rate Loans
FloatingRateLoans
|
273900000 | |
CY2017Q3 | bxmt |
Loan Portfolio Payments Held By Our Third Party Loan Servicer
LoanPortfolioPaymentsHeldByOurThirdPartyLoanServicer
|
845000 | |
CY2017Q3 | bxmt |
Loans Exposure Amount
LoansExposureAmount
|
10668677000 | |
CY2016Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
803000 | |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-541137000 | |
CY2017Q3 | bxmt |
Participating Mortgage Loans Participation Liabilities Principal Amount
ParticipatingMortgageLoansParticipationLiabilitiesPrincipalAmount
|
93710000 | |
CY2017Q3 | bxmt |
Secured Debt Repurchase Agreements Face Amount
SecuredDebtRepurchaseAgreementsFaceAmount
|
517256000 | |
CY2017Q3 | bxmt |
Secured Debt Repurchase Agreements Gross
SecuredDebtRepurchaseAgreementsGross
|
6096597000 | |
CY2017Q3 | bxmt |
Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
|
95017594 | shares |
CY2017Q3 | bxmt |
Stock Shares Authorized
StockSharesAuthorized
|
300000000 | shares |
CY2017Q3 | bxmt |
Number Of Benefit Plans
NumberOfBenefitPlans
|
7 | Plans |
CY2017Q3 | bxmt |
Loans Outstanding With Unfunded Commitments
LoansOutstandingWithUnfundedCommitments
|
67 | Loans |
CY2017Q3 | bxmt |
Weighted Average Risk Rating On Loan Exposure
WeightedAverageRiskRatingOnLoanExposure
|
2.6 | pure |
CY2017Q3 | bxmt |
Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
|
0.28 | pure |
CY2017Q3 | bxmt |
Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
|
0.72 | pure |
CY2017Q3 | bxmt |
Libor Average Floor Rate
LiborAverageFloorRate
|
0.0124 | pure |
CY2017Q3 | bxmt |
Debt Instrument Covenant Minimum Percentage Of Cash Liquidity On Recourse Indebtedness
DebtInstrumentCovenantMinimumPercentageOfCashLiquidityOnRecourseIndebtedness
|
0.05 | pure |
CY2017Q3 | bxmt |
Percentage Of Portfolio
PercentageOfPortfolio
|
1.00 | pure |
CY2017Q3 | bxmt |
Securitized Debt Obligations Net
SecuritizedDebtObligationsNet
|
474298000 | |
CY2016Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
9049000 | |
CY2016Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
32871000 | |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
6319012000 | |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8812615000 | |
CY2016Q4 | us-gaap |
Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
|
8692978000 | |
CY2016Q4 | us-gaap |
Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
|
8727218000 | |
CY2016Q4 | us-gaap |
Other Assets
OtherAssets
|
44070000 | |
CY2016Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
159000000 | |
CY2016Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
450000 | |
CY2017Q3 | bxmt |
Securitized Debt Obligation Carrying Value
SecuritizedDebtObligationCarryingValue
|
474298000 | |
CY2017Q3 | bxmt |
Securitized Debt Obligations Net Face Amount
SecuritizedDebtObligationsNetFaceAmount
|
474620000 | |
CY2017Q3 | bxmt |
Securitized Debt Obligations
SecuritizedDebtObligations
|
474620000 | |
CY2017Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
94828437 | shares |
CY2015Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
106005000 | |
CY2015Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2505731000 | |
CY2015Q4 | bxmt |
Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
|
93843847 | shares |
CY2016Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3089997000 | |
CY2016Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
1775000 | |
CY2016Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
51300000 | |
CY2016Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-107500000 | |
CY2016Q4 | us-gaap |
Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
|
348077000 | |
CY2016Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-56202000 | |
CY2016Q4 | us-gaap |
Assets
Assets
|
8812615000 | |
CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
75567000 | |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
75567000 | |
CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2016Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
87819000 | |
CY2016Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2016Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
94540263 | shares |
CY2016Q4 | us-gaap |
Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
|
79000 | |
CY2016Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2016Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
94540263 | shares |
CY2016Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
945000 | |
CY2016Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
15272000 | |
CY2016Q4 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
0 | |
CY2016Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
0 | |
CY2016Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
166762000 | |
CY2016Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
4086000 | |
CY2016Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
58615000 | |
CY2016Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
16000 | |
CY2016Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
210000 | |
CY2016Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
29600000 | |
CY2016Q4 | us-gaap |
Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
|
0 | |
CY2016Q4 | us-gaap |
Secured Debt
SecuredDebt
|
5372000 | |
CY2016Q4 | us-gaap |
Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
|
5716354000 | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2493603000 | |
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2493603000 | |
CY2016Q4 | bxmt |
Principal Collateral Of Gross Loan For Asset Specific Financing Agreements
PrincipalCollateralOfGrossLoanForAssetSpecificFinancingAgreements
|
876083000 | |
CY2016Q4 | bxmt |
Secured Debt Financing Agreements
SecuredDebtFinancingAgreements
|
676333000 | |
CY2016Q4 | bxmt |
Book Value Collateral Of Gross Loan For Asset Specific Financing Agreements
BookValueCollateralOfGrossLoanForAssetSpecificFinancingAgreements
|
869417000 | |
CY2016Q4 | bxmt |
Floating Rate Loans
FloatingRateLoans
|
216300000 | |
CY2016Q4 | bxmt |
Loan Portfolio Payments Held By Our Third Party Loan Servicer
LoanPortfolioPaymentsHeldByOurThirdPartyLoanServicer
|
5765000 | |
CY2016Q4 | bxmt |
Loans Exposure Amount
LoansExposureAmount
|
9756734000 | |
CY2016Q4 | bxmt |
Loan Exposure Amount Including Non Consolidated Senior Interests
LoanExposureAmountIncludingNonConsolidatedSeniorInterests
|
1000000000 | |
CY2016Q4 | bxmt |
Accrued Management And Incentive Fees Payable
AccruedManagementAndIncentiveFeesPayable
|
12798000 | |
CY2016Q4 | bxmt |
Participating Mortgage Loans Participation Liabilities Principal Amount
ParticipatingMortgageLoansParticipationLiabilitiesPrincipalAmount
|
419560000 | |
CY2016Q4 | bxmt |
Secured Debt Repurchase Agreements Face Amount
SecuredDebtRepurchaseAgreementsFaceAmount
|
679207000 | |
CY2016Q4 | bxmt |
Secured Debt Repurchase Agreements Gross
SecuredDebtRepurchaseAgreementsGross
|
5731626000 | |
CY2016Q4 | bxmt |
Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
|
94709290 | shares |
CY2016Q4 | bxmt |
Weighted Average Risk Rating On Loan Exposure
WeightedAverageRiskRatingOnLoanExposure
|
2.5 | pure |
CY2016Q4 | bxmt |
Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
|
0.36 | pure |
CY2016Q4 | bxmt |
Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
|
0.64 | pure |
CY2016Q4 | bxmt |
Libor Average Floor Rate
LiborAverageFloorRate
|
0.0127 | pure |
CY2016Q4 | bxmt |
Percentage Of Portfolio
PercentageOfPortfolio
|
1.00 | pure |
CY2016Q4 | bxmt |
Securitized Debt Obligations Net
SecuritizedDebtObligationsNet
|
0 | |
CY2017Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.62 | |
CY2013Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
25875000 | shares |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
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 |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
28887000 | ||
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
16356000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
17493000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
13952000 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
88000 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.86 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
183581000 | ||
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
183669000 | ||
us-gaap |
Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
|
0.0188 | pure | |
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
us-gaap |
Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
|
20560 | shares | |
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 |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-21050000 | ||
us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
-900000 | ||
us-gaap |
Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
|
2017-07-14 | ||
us-gaap |
Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
|
2017-06-30 | ||
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
1.68 | ||
us-gaap |
Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
|
2017-06-13 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
176374000 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-09-30 | ||
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4566000 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
BLACKSTONE MORTGAGE TRUST, INC. | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001061630 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
220000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
219000 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
11651000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
265000 | ||
us-gaap |
Interest Expense
InterestExpense
|
168917000 | ||
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
391787000 | ||
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
222870000 | ||
us-gaap |
Interest Paid
InterestPaid
|
141124000 | ||
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
40557000 | ||
us-gaap |
Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
|
6090000 | ||
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 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 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. | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
22219000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
160094000 | ||
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>1. ORGANIZATION</b></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" 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-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" 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-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" 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 an 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> | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-319687000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
176539000 | ||
us-gaap |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
111 | ||
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
2776058000 | ||
us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
0 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
157100000 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
159741000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
88000 | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
13591000 | ||
us-gaap |
Payments For Participation Liabilities
PaymentsForParticipationLiabilities
|
381310000 | ||
us-gaap |
Noninterest Expense
NoninterestExpense
|
62776000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
23840000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
176195000 | ||
us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
2314721000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
31000 | ||
us-gaap |
Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
|
38434000 | ||
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
6090000 | ||
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
394074000 | ||
us-gaap |
Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
|
1976271000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
159829000 | ||
us-gaap |
Operating Loss Carryforwards Expiration Date
OperatingLossCarryforwardsExpirationDate
|
2029-12-31 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
43990000 | ||
us-gaap |
Professional Fees
ProfessionalFees
|
2811000 | ||
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
175000 | ||
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 portfolio 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> | ||
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
2481250000 | ||
us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
17496000 | ||
us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
31000 | ||
bxmt |
Other Comprehensive Income Realized And Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeRealizedAndUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-20150000 | ||
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
|
964000 | ||
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3000 | ||
us-gaap |
Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
971 | shares | |
us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
971 | shares | |
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> | ||
bxmt |
Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
|
33193000 | ||
bxmt |
Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
|
513000 | ||
bxmt |
Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
|
4235000 | ||
bxmt |
Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
|
313000 | ||
bxmt |
Expected Loss On Investment
ExpectedLossOnInvestment
|
0 | ||
bxmt |
General And Administrative Operating And Other Costs
GeneralAndAdministrativeOperatingAndOtherCosts
|
1424000 | ||
bxmt |
Proceeds From Derivative Instruments In Investing Activities
ProceedsFromDerivativeInstrumentsInInvestingActivities
|
6115000 | ||
bxmt |
Payments For Derivative Instruments In Investing Activities
PaymentsForDerivativeInstrumentsInInvestingActivities
|
18115000 | ||
bxmt |
Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
|
58793000 | ||
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 tables outline the key terms of our credit facilities as of September 30, 2017:</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="68%" align="center" border="0"> <tr> <td width="28%"></td> <td valign="bottom" width="8%"></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; WIDTH: 24.9pt; BORDER-BOTTOM: #000000 1pt solid; MARGIN-TOP: 0pt"> <b>Lender</b></p> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"><b>Currency</b></td> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" nowrap="nowrap" align="center"><b>Guarantee<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></td> <td valign="bottom"> </td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"><b>Margin Call<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></b></td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" align="center"><b>Term/Maturity</b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <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="top" nowrap="nowrap" align="center">$</td> <td valign="bottom"> </td> <td valign="bottom" align="center">25%</td> <td valign="bottom"> </td> <td valign="top" align="center"> Collateral marks only</td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center"> Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top" nowrap="nowrap"> <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="top" nowrap="nowrap" align="center">$</td> <td valign="bottom"> </td> <td valign="bottom" align="center">50%</td> <td valign="bottom"> </td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center"> April 21, 2023<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Bank of America</p> </td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom"> </td> <td valign="bottom" align="center">50%</td> <td valign="bottom"> </td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center"> May 21, 2021<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top" nowrap="nowrap"> <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="top" align="center"> $ / £ / €</td> <td valign="bottom"> </td> <td valign="bottom" align="center">25%</td> <td valign="bottom"> </td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center"> Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Deutsche Bank</p> </td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom"> </td> <td valign="bottom" align="center">35%</td> <td valign="bottom"> </td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center"> Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top" nowrap="nowrap"> <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="top" align="center"> $ / £ / €</td> <td valign="bottom"> </td> <td valign="bottom" align="center">25%</td> <td valign="bottom"> </td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center"> Term matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <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="top" align="center"> $ / £ / €</td> <td valign="bottom"> </td> <td valign="bottom" align="center">25%</td> <td valign="bottom"> </td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center"> March 3, 2020</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top" nowrap="nowrap"> <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="top" align="center">$ / £</td> <td valign="bottom"> </td> <td valign="bottom" align="center">50%</td> <td valign="bottom"> </td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center"> January 7, 2020</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <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 - Multi. JV<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></p> </td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom"> </td> <td valign="bottom" align="center">43%</td> <td valign="bottom"> </td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center"> July 19, 2021</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Goldman Sachs - Multi. JV<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></p> </td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom"> </td> <td valign="bottom" align="center">25%</td> <td valign="bottom"> </td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">  </td> <td valign="top" nowrap="nowrap" align="center"> July 12, 2020</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 2pt; WIDTH: 15%; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0pt; LINE-HEIGHT: 8pt">  </p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td></td> <td valign="bottom" width="1%"></td> <td width="95%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">(1)  </p> </td> <td valign="bottom"> </td> <td valign="top"> <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 credit facilities are non-recourse to us.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">(2)</p> </td> <td valign="bottom"> </td> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Margin call provisions under our credit facilities do not permit valuation adjustments based on capital markets events, and are limited to collateral-specific credit marks.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">(3)</p> </td> <td valign="bottom"> </td> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">These credit 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> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">(4)</p> </td> <td valign="bottom"> </td> <td valign="top"> <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> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">(5)</p> </td> <td valign="bottom"> </td> <td valign="top"> <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> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">(6)</p> </td> <td valign="bottom"> </td> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">These facilities finance the loan investments of our consolidated Multifamily Joint Venture. Refer to Note 2 for additional discussion of our Multifamily Joint Venture.</p> </td> </tr> </table> <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="68%" align="center" border="0"> <tr> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="5%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; WIDTH: 32.9pt; BORDER-BOTTOM: #000000 1pt solid; MARGIN-TOP: 0pt"> <b>Currency</b></p> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Outstanding<br /> Borrowings</b></td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Potential<br /> Borrowings<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"> <b>                    Index                     </b></td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Rate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></b></td> <td valign="bottom"> </td> <td valign="bottom">  </td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>Advance<br /> Rate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></b></td> <td valign="bottom"> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">$  4,123,064</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">$  4,610,777</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="center"><font style="WHITE-SPACE: nowrap">1-month USD LIBOR</font></td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">L+1.86%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">78.8%</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top" nowrap="nowrap" align="center">€</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right"> €       66,186</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right"> €       87,786</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="center"><font style="WHITE-SPACE: nowrap">3-month EURIBOR</font></td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">L+2.24%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">80.0%</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top" align="center">£</td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right"> £     138,371</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right"> £     205,152</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="center"><font style="WHITE-SPACE: nowrap">3-month GBP LIBOR</font></td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">L+2.24%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">78.6%</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt">  </p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt">  </p> </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt">  </p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt">  </p> </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt">  </p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt">  </p> </td> <td> </td> <td valign="bottom">  </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt">  </p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 1px solid; MARGIN-TOP: 0pt">  </p> </td> <td> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top"></td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">$  4,386,645</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">$  4,989,350</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom"></td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">L+1.88%</td> <td valign="bottom" nowrap="nowrap"> </td> <td valign="bottom">  </td> <td valign="bottom"> </td> <td valign="bottom" align="right">78.8%</td> <td valign="bottom" nowrap="nowrap"> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top" colspan="20"> <p style="MARGIN-BOTTOM: 2pt; WIDTH: 13%; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0pt; LINE-HEIGHT: 8pt">  </p> </td> <td valign="top"></td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td></td> <td valign="bottom" width="1%"></td> <td width="95%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">(1)  </p> </td> <td valign="bottom"> </td> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Potential borrowings represents the total amount we could draw under each facility based on collateral already approved and pledged. When undrawn, these amounts are immediately available to us at our sole discretion under the terms of each credit facility.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">(2)</p> </td> <td valign="bottom"> </td> <td valign="top"> <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.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">(3)</p> </td> <td valign="bottom"> </td> <td valign="top"> <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> </div> | ||
dei |
Trading Symbol
TradingSymbol
|
BXMT | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
17809000 | ||
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
95004188 | shares | |
us-gaap |
Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
|
286773 | shares | |
bxmt |
Plan Adoption Date
PlanAdoptionDate
|
2014-03-25 | ||
bxmt |
Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
|
17809000 | ||
bxmt |
Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
|
1 | Loans | |
bxmt |
Commitments Expiration Period
CommitmentsExpirationPeriod
|
P4Y | ||
bxmt |
Participations Sold Loan Weighted Average Term
ParticipationsSoldLoanWeightedAverageTerm
|
2022-02 | ||
us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
15129000 | ||
us-gaap |
Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
|
14190000 | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-12593000 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
8119000 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.86 | ||
bxmt |
Debt Instrument Revolving Repurchase Facilities Advance Rate
DebtInstrumentRevolvingRepurchaseFacilitiesAdvanceRate
|
0.788 | pure | |
bxmt |
Incentive Fee Computation Percent Of Average Outstanding Equity Per Annum
IncentiveFeeComputationPercentOfAverageOutstandingEquityPerAnnum
|
0.0700 | pure | |
bxmt |
Annual Distribution Of Net Taxable Income Percentage
AnnualDistributionOfNetTaxableIncomePercentage
|
0.90 | pure | |
bxmt |
Computed Management Fee Percent Of Average Outstanding Equity Balance
ComputedManagementFeePercentOfAverageOutstandingEquityBalance
|
0.0150 | pure | |
bxmt |
Net Taxable Income Subject To Distribution Percent
NetTaxableIncomeSubjectToDistributionPercent
|
1.00 | pure | |
bxmt |
Excise Tax Rate
ExciseTaxRate
|
0.04 | pure | |
bxmt |
Debt Instrument Covenant Minimum Percentage Of Tangible Net Worth On Net Cash Proceed Of Equity Issuances
DebtInstrumentCovenantMinimumPercentageOfTangibleNetWorthOnNetCashProceedOfEquityIssuances
|
0.75 | pure | |
bxmt |
Incentive Fee Computation Percent Of Product Per Agreement
IncentiveFeeComputationPercentOfProductPerAgreement
|
0.20 | pure | |
bxmt |
Consolidation Of Loans Receivable Of Variable Interest Entity
ConsolidationOfLoansReceivableOfVariableInterestEntity
|
500000000 | ||
bxmt |
Consolidation Of Securitized Debt Obligations Of Variable Interest Entity
ConsolidationOfSecuritizedDebtObligationsOfVariableInterestEntity
|
-474620000 | ||
bxmt |
Securitized Debt Obligation Number Of Loans
SecuritizedDebtObligationNumberOfLoans
|
1 | Loans | |
bxmt |
Securitized Debt Obligations Term
SecuritizedDebtObligationsTerm
|
2033-06 | ||
us-gaap |
Net Income Loss
NetIncomeLoss
|
184921000 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
8119000 | ||
us-gaap |
Noninterest Expense
NoninterestExpense
|
64151000 | ||
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1526000 | ||
bxmt |
Interest Expense Secured Debt
InterestExpenseSecuredDebt
|
3800000 | ||
bxmt |
Proceeds From Collateral Deposits Related To Derivatives
ProceedsFromCollateralDepositsRelatedToDerivatives
|
8980000 | ||
bxmt |
Payments For Collateral Deposits Related To Derivatives
PaymentsForCollateralDepositsRelatedToDerivatives
|
16651000 | ||
us-gaap |
Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
|
31594000 | ||
us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
8167000 | ||
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
13413000 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
20990000 | ||
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
193321000 | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
131000 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-8315000 | ||
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-6405000 | ||
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2192000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
281000 | ||
us-gaap |
Interest Expense
InterestExpense
|
139819000 | ||
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
381686000 | ||
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
241867000 | ||
us-gaap |
Interest Paid
InterestPaid
|
123564000 | ||
us-gaap |
Management Fee Expense
ManagementFeeExpense
|
43161000 | ||
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
20158000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
789573000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
187564000 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
171290000 | ||
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
179409000 | ||
us-gaap |
Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
|
20850 | shares | |
us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
1.97 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
174678000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-989730000 | ||
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
2988217000 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
20000 | ||
us-gaap |
Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
|
35388000 | ||
us-gaap |
Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
|
3054821000 | ||
us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
14190000 | ||
us-gaap |
Profit Loss
ProfitLoss
|
193040000 | ||
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
2225895000 | ||
us-gaap |
Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
|
-20158000 | ||
us-gaap |
Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
|
31668000 | ||
us-gaap |
Payments For Participation Liabilities
PaymentsForParticipationLiabilities
|
92000000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-13631000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
-25472000 | ||
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
131000 | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
12564000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
174549000 | ||
us-gaap |
Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
|
2300636000 | ||
us-gaap |
Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
|
14266000 | ||
us-gaap |
Professional Fees
ProfessionalFees
|
2474000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
16517000 | ||
bxmt |
Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
|
282000 | ||
bxmt |
General And Administrative Operating And Other Costs
GeneralAndAdministrativeOperatingAndOtherCosts
|
1695000 | ||
bxmt |
Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
|
9515000 | ||
CY2016 | us-gaap |
Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
|
107 | |
CY2016 | bxmt |
Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
|
1 | Loans |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
-10128000 | |
CY2016 | bxmt |
Participations Sold Loan Weighted Average Term
ParticipationsSoldLoanWeightedAverageTerm
|
2019-12 | |
CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
1598000 | |
CY2016Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.62 | |
CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
60548000 | |
CY2016Q3 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
40000 | |
CY2016Q3 | us-gaap |
Profit Loss
ProfitLoss
|
66392000 | |
CY2016Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
828000 | |
CY2016Q3 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
4855000 | |
CY2016Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
62146000 | |
us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
812 | shares | |
us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
94067923 | shares | |
bxmt |
Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
|
4169000 | ||
us-gaap |
Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
|
209798 | shares | |
us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
20000 | ||
CY2016Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.69 | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
2000 | ||
us-gaap |
Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
812 | shares | |
CY2016Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
58226000 | |
CY2016Q3 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
2824000 | |
CY2016Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7414000 | |
CY2016Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
66586000 | |
bxmt |
Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
|
58388000 | ||
bxmt |
Other Comprehensive Income Realized And Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeRealizedAndUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
11841000 | ||
CY2016Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2060000 | |
bxmt |
Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
|
54441000 | ||
bxmt |
Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
|
16690000 | ||
CY2016Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
194000 | |
CY2016Q3 | us-gaap |
Interest Expense
InterestExpense
|
45373000 | |
CY2016Q3 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
128190000 | |
CY2016Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
82817000 | |
CY2016Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
13701000 | |
CY2016Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
64794000 | |
CY2016Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1598000 | |
CY2016Q3 | us-gaap |
Noninterest Expense
NoninterestExpense
|
21115000 | |
CY2016Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-4246000 | |
CY2016Q3 | us-gaap |
Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
262 | shares |
CY2016Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
94071537 | shares |
CY2016Q3 | bxmt |
Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
|
1133000 | |
CY2016Q3 | bxmt |
General And Administrative Operating And Other Costs
GeneralAndAdministrativeOperatingAndOtherCosts
|
305000 | |
CY2016Q3 | bxmt |
Other Comprehensive Income Realized And Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeRealizedAndUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
5882000 | |
CY2016Q3 | bxmt |
Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
|
6241000 | |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
88000 | |
CY2017Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.62 | |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
65868000 | |
CY2017Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
65956000 | |
CY2017Q3 | us-gaap |
Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
|
-7988000 | |
CY2017Q3 | us-gaap |
Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
|
41000 | |
CY2017Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.61 | |
CY2017Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
58793000 | |
CY2017Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7419000 | |
CY2017Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
57893000 | |
CY2017Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
83000 | |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
67891000 | |
CY2017Q3 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
146446000 | |
CY2017Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
78555000 | |
CY2017Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
146400000 | |
CY2017Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
13243000 | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
57722000 | |
CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
88000 | |
CY2017Q3 | us-gaap |
Noninterest Expense
NoninterestExpense
|
20662000 | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
8146000 | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
16175000 | |
CY2017Q3 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
53000 | |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
57810000 | |
CY2017Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
933000 | |
CY2017Q3 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
5819000 | |
CY2017Q3 | us-gaap |
Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
|
428 | shares |
CY2017Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
95013087 | shares |
CY2017Q3 | bxmt |
Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
|
1422000 | |
CY2017Q3 | bxmt |
General And Administrative Operating And Other Costs
GeneralAndAdministrativeOperatingAndOtherCosts
|
489000 | |
CY2017Q3 | bxmt |
Other Comprehensive Income Realized And Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeRealizedAndUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-8029000 | |
CY2017Q3 | bxmt |
Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
|
5944000 | |
CY2017Q3 | bxmt |
Interest Expense Secured Debt
InterestExpenseSecuredDebt
|
3800000 |