2018 Q3 Form 10-Q Financial Statement

#000119312518224714 Filed on July 24, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2018 Q2 2017 Q2
Revenue $203.1M $191.5M $126.8M
YoY Change 38.69% 50.98% -2.79%
Cost Of Revenue $98.00M $87.70M $54.40M
YoY Change 44.33% 61.21% 10.79%
Gross Profit $105.2M $103.7M $72.50M
YoY Change 33.84% 43.03% -10.93%
Gross Profit Margin 51.8% 54.16% 57.17%
Selling, General & Admin $20.10M $24.40M $21.80M
YoY Change -2.9% 11.93% -3.54%
% of Gross Profit 19.11% 23.53% 30.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $26.80M $31.20M $21.70M
YoY Change 29.47% 43.78% -3.98%
Operating Profit $78.40M $72.50M $50.80M
YoY Change 35.41% 42.72% -13.61%
Interest Expense $97.96M $87.73M $54.35M
YoY Change 44.28% 61.42% 10.78%
% of Operating Profit 124.94% 121.01% 106.99%
Other Income/Expense, Net
YoY Change
Pretax Income $78.34M $72.61M $50.71M
YoY Change 35.32% 43.2% -26.83%
Income Tax $48.00K $104.0K $94.00K
% Of Pretax Income 0.06% 0.14% 0.19%
Net Earnings $78.17M $72.31M $50.61M
YoY Change 35.42% 42.87% -19.77%
Net Earnings / Revenue 38.48% 37.76% 39.91%
Basic Earnings Per Share
Diluted Earnings Per Share $673.0K $662.7K $532.6K
COMMON SHARES
Basic Shares Outstanding 111.4M shares 108.2M shares 94.83M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q3 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $87.00M $107.0M $34.00M
YoY Change 42.62% 214.71% -81.32%
Cash & Equivalents $86.99M $107.1M $33.52M
Short-Term Investments
Other Short-Term Assets $4.000M $2.000M
YoY Change
Inventory
Prepaid Expenses
Receivables $46.00M $52.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $137.0M $161.0M $34.00M
YoY Change 124.59% 373.53% -81.32%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $96.00M
YoY Change
Other Assets $0.00 $0.00 $34.00M
YoY Change -100.0% -100.0%
Total Long-Term Assets $12.28B $12.22B $9.685B
YoY Change 26.42% 26.19% 4.07%
TOTAL ASSETS
Total Short-Term Assets $137.0M $161.0M $34.00M
Total Long-Term Assets $12.28B $12.22B $9.685B
Total Assets $12.42B $12.38B $9.719B
YoY Change 27.03% 27.4% 2.43%
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 $8.988B $9.238B $7.096B
YoY Change 25.72% 30.19% 4.57%
Other Long-Term Liabilities $123.0M $116.0M $117.0M
YoY Change 20.59% -0.85% -39.38%
Total Long-Term Liabilities $9.111B $9.354B $7.213B
YoY Change 25.65% 29.68% 3.35%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $9.111B $9.354B $7.213B
Total Liabilities $9.111B $9.354B $7.213B
YoY Change 25.66% 29.69% 3.34%
SHAREHOLDERS EQUITY
Retained Earnings -$566.4M -$570.3M -$556.9M
YoY Change 1.5% 2.4% 2.69%
Common Stock $3.900B $3.626B $3.104B
YoY Change 25.4% 16.82% 0.78%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.301B $3.023B $2.506B
YoY Change
Total Liabilities & Shareholders Equity $12.42B $12.38B $9.719B
YoY Change 27.03% 27.4% 2.43%

Cashflow Statement

Concept 2018 Q3 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $78.17M $72.31M $50.61M
YoY Change 35.42% 42.87% -19.77%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $87.70M $62.40M $53.40M
YoY Change 33.49% 16.85% -7.13%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$57.20M -$1.187B -$221.5M
YoY Change -317.49% 435.8% -347.49%
Cash From Investing Activities -$57.20M -$1.187B -$221.5M
YoY Change -317.49% 435.8% -347.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -51.60M 1.159B 169.0M
YoY Change -23.1% 585.74% -302.15%
NET CHANGE
Cash From Operating Activities 87.70M 62.40M 53.40M
Cash From Investing Activities -57.20M -1.187B -221.5M
Cash From Financing Activities -51.60M 1.159B 169.0M
Net Change In Cash -21.10M 34.50M 900.0K
YoY Change -184.74% 3733.33% -98.58%
FREE CASH FLOW
Cash From Operating Activities $87.70M $62.40M $53.40M
Capital Expenditures
Free Cash Flow
YoY Change

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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.
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Manager is entitled to an incentive fee in an amount equal to the product of (i) 20% and (ii) the excess of (a) our Core Earnings (as defined in 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.
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<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 &#x201C;Blackstone Mortgage Trust,&#x201D; &#x201C;Company,&#x201D; &#x201C;we,&#x201D; &#x201C;us&#x201D; or &#x201C;our&#x201D; refer to Blackstone Mortgage Trust,&#xA0;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 senior loans collateralized by commercial real estate in North America and Europe. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from our loan portfolio. 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 &#x201C;BXMT.&#x201D; Our principal executive offices are located at 345 Park Avenue, 42<sup style="font-size:85%; vertical-align:top">nd</sup> Floor, New York, New York 10154. We were incorporated in Maryland in 1998, when we reorganized from a California common law business trust into a Maryland corporation.</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>
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" align="justify">The following tables outline the key terms of our credit facilities as of June&#xA0;30, 2018:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; 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FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <font style="WHITE-SPACE: nowrap">Goldman&#xA0;Sachs&#xA0;-&#xA0;Multi.&#xA0;JV</font><sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(3)</sup></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">July&#xA0;12, 2020<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(4)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> JP Morgan</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">$&#xA0;/&#xA0;&#xA3;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">50%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> January&#xA0;7,&#xA0;2021</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> <font style="WHITE-SPACE: nowrap">Bank&#xA0;of&#xA0;America&#xA0;-&#xA0;Multi.&#xA0;JV</font><sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(3)</sup></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">43%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">July&#xA0;19, 2021</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Deutsche Bank</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">33%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> August&#xA0;9,&#xA0;2021<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(5)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Barclays</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> March&#xA0;29,&#xA0;2023<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(6)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> MetLife</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">50%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> April&#xA0;22,&#xA0;2023<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(7)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Bank of America</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">50%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">May&#xA0;21, 2023<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(8)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Citibank</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> $&#xA0;/&#xA0;&#xA3;&#xA0;/&#xA0;&#x20AC;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> Term&#xA0;matched<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(9)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Soci&#xE9;t&#xE9; G&#xE9;n&#xE9;rale</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> $&#xA0;/&#xA0;&#xA3;&#xA0;/&#xA0;&#x20AC;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> Term&#xA0;matched<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(9)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Wells Fargo</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> Term&#xA0;matched<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(9)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 2pt; WIDTH: 192px; BORDER-BOTTOM: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt; LINE-HEIGHT: 8pt"> &#xA0;</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td width="4%"></td> <td valign="bottom" width="2%"></td> <td width="86%"></td> <td valign="bottom" width="2%"></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(1)&#xA0;&#xA0;</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Other than amounts guaranteed based on specific collateral asset types, borrowings under our credit facilities are&#xA0;<font style="WHITE-SPACE: nowrap">non-recourse</font>&#xA0;to us.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(2)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; 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: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(3)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; 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> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(4)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Includes one&#xA0;<font style="WHITE-SPACE: nowrap">one-year</font>&#xA0;extension option which may be exercised at our sole discretion.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(5)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Includes two&#xA0;<font style="WHITE-SPACE: nowrap">one-year</font>&#xA0;extension options which may be exercised at our sole discretion.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(6)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Includes four&#xA0;<font style="WHITE-SPACE: nowrap">one-year</font>&#xA0;extension options which may be exercised at our sole discretion.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(7)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Includes four&#xA0;<font style="WHITE-SPACE: nowrap">one-year</font>&#xA0;extension options which may be exercised at our sole discretion.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(8)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Includes two&#xA0;<font style="WHITE-SPACE: nowrap">one-year</font>&#xA0;extension options which may be exercised at our sole discretion.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(9)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; 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&#x2019;s discretion. Maturity dates for advances outstanding are tied to the term of each respective collateral asset.</p> </td> </tr> </table> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: 400; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12px; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td width="7%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td width="37%"></td> <td valign="bottom" width="3%"></td> <td width="9%"></td> <td valign="bottom" width="3%"></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; WIDTH: 29.75pt; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt; DISPLAY: inline"> Currency</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Outstanding<br /> Borrowings</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Potential<br /> Borrowings<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; WIDTH: 98.2pt; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt; DISPLAY: inline" align="center"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Index&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="center"><b>Rate<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" align="center"><b>Advance<br /> Rate<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;$</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$&#xA0;&#xA0;4,339,522</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$&#xA0;&#xA0;5,055,273</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center"><font style="WHITE-SPACE: nowrap">1-month</font>&#xA0;USD LIBOR</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">L+1.77%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">79.1%</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x20AC;</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right"> &#x20AC;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;49,600</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right"> &#x20AC;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;59,201</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center"><font style="WHITE-SPACE: nowrap">3-month</font>&#xA0;EURIBOR</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">L+2.28%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">80.0%</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA3;</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right"> &#xA3;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;117,994</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right"> &#xA3;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;124,449</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center"><font style="WHITE-SPACE: nowrap">3-month</font>&#xA0;GBP LIBOR</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">L+2.23%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">78.5%</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$&#xA0;&#xA0;4,649,246</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$&#xA0;&#xA0;5,384,738</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">L+1.79%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">79.1%</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top" colspan="15"> <p style="MARGIN-BOTTOM: 2pt; WIDTH: 166px; BORDER-BOTTOM: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt; LINE-HEIGHT: 8pt"> &#xA0;</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td></td> <td valign="bottom" width="1%"></td> <td width="48%"></td> <td valign="bottom" width="1%"></td> <td width="44%"></td> <td valign="bottom" width="1%"></td> <td></td> <td valign="bottom" width="1%"></td> <td></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(1)&#xA0;&#xA0;</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="7"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; 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: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(2)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="7"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Represents weighted-average cash coupon based on borrowings outstanding.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(3)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" colspan="7"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Represents weighted-average advance rate based on the approved outstanding principal balance of the collateral assets pledged.</p> </td> </tr> </table> </div>
us-gaap Restricted Stock Expense
RestrictedStockExpense
13504000
us-gaap Share Based Compensation
ShareBasedCompensation
13754000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
102498000
bxmt Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
69094000
bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
3700000
bxmt Number Of Directors Eligible For Annual Compensation
NumberOfDirectorsEligibleForAnnualCompensation
5 Directors
bxmt Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
1
bxmt Participations Sold Loan Weighted Average Term
ParticipationsSoldLoanWeightedAverageTerm
2022-02
dei Trading Symbol
TradingSymbol
BXMT
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
305703 shares
bxmt Payments For Derivative Instruments In Investing Activities
PaymentsForDerivativeInstrumentsInInvestingActivities
7452000
bxmt Expected Loss On Investment
ExpectedLossOnInvestment
0
bxmt Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
1330000
bxmt General And Administrative Expenses Excluding Other Expenses
GeneralAndAdministrativeExpensesExcludingOtherExpenses
17454000
bxmt General And Administrative Operating And Other Costs
GeneralAndAdministrativeOperatingAndOtherCosts
1339000
bxmt Proceeds From Derivative Instruments In Investing Activities
ProceedsFromDerivativeInstrumentsInInvestingActivities
20784000
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
27000
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3252325 shares
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
-20000
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
1462000
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>
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
108735193 shares
bxmt Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
72384000
bxmt Other Comprehensive Income Realized And Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeRealizedAndUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
21920000
bxmt Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
250000
bxmt Proceeds From Collateral Deposits Related To Derivatives
ProceedsFromCollateralDepositsRelatedToDerivatives
21870000
bxmt Payments For Collateral Deposits Related To Derivatives
PaymentsForCollateralDepositsRelatedToDerivatives
17750000
bxmt Cash Contributions From Joint Venture Partners That Increase Equity
CashContributionsFromJointVenturePartnersThatIncreaseEquity
2475000
bxmt Interest Expense Secured Debt
InterestExpenseSecuredDebt
23100000
bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
13754000
bxmt Plan Adoption Date
PlanAdoptionDate
2014-03-25
CY2017Q2 us-gaap Noninterest Expense
NoninterestExpense
21766000
CY2013Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
25875000 shares
CY2017Q2 us-gaap Management Fee Expense
ManagementFeeExpense
14393000
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2017 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
110
CY2017 us-gaap Operating Loss Carryforwards Expiration Date
OperatingLossCarryforwardsExpirationDate
2029-12-31
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
50613000
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
11849000
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
20045000
CY2017Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
63000
CY2017 bxmt Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
1
CY2017 bxmt Participations Sold Loan Weighted Average Term
ParticipationsSoldLoanWeightedAverageTerm
2022-02
CY2017 bxmt Percentage Of Loans Financed By Securitized Debt Obligations Earned Floating Rate Of Interest
PercentageOfLoansFinancedBySecuritizedDebtObligationsEarnedFloatingRateOfInterest
0.98 pure
bxmt Percentage Of Loans Financed By Securitized Debt Obligations Earned Floating Rate Of Interest
PercentageOfLoansFinancedBySecuritizedDebtObligationsEarnedFloatingRateOfInterest
0.98 pure
bxmt Net Taxable Income Subject To Distribution Percent
NetTaxableIncomeSubjectToDistributionPercent
1.00 pure
bxmt Excise Tax Rate
ExciseTaxRate
0.04 pure
bxmt Computed Management Fee Percent Of Average Outstanding Equity Balance
ComputedManagementFeePercentOfAverageOutstandingEquityBalance
0.0150 pure
bxmt Incentive Fee Computation Percent Of Product Per Agreement
IncentiveFeeComputationPercentOfProductPerAgreement
0.20 pure
bxmt Debt Instrument Covenant Minimum Percentage Of Tangible Net Worth On Net Cash Proceed Of Equity Issuances
DebtInstrumentCovenantMinimumPercentageOfTangibleNetWorthOnNetCashProceedOfEquityIssuances
0.75 pure
CY2017Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.62
bxmt Annual Distribution Of Net Taxable Income Percentage
AnnualDistributionOfNetTaxableIncomePercentage
0.90 pure
bxmt Debt Instrument Revolving Repurchase Facilities Advance Rate
DebtInstrumentRevolvingRepurchaseFacilitiesAdvanceRate
0.791 pure
bxmt Incentive Fee Computation Percent Of Average Outstanding Equity Per Annum
IncentiveFeeComputationPercentOfAverageOutstandingEquityPerAnnum
0.0700 pure
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
62462000
CY2017Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
62462000
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.53
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7373000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50707000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
94000
CY2017Q2 us-gaap Interest Expense
InterestExpense
54352000
CY2017Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
126825000
CY2017Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
72473000
bxmt Common Stock Dividends Declared
CommonStockDividendsDeclared
136174000
CY2017Q2 us-gaap Professional Fees
ProfessionalFees
862000
CY2017Q2 us-gaap Profit Loss
ProfitLoss
50613000
CY2017Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
5865000
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
95005873 shares
CY2017Q2 bxmt Other Comprehensive Income Realized And Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeRealizedAndUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-8196000
CY2017Q2 bxmt General And Administrative Expenses Excluding Other Expenses
GeneralAndAdministrativeExpensesExcludingOtherExpenses
7310000
CY2017Q2 bxmt General And Administrative Operating And Other Costs
GeneralAndAdministrativeOperatingAndOtherCosts
489000
CY2017Q2 bxmt Interest Expense Secured Debt
InterestExpenseSecuredDebt
37000
CY2017Q2 bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
1351000
CY2017Q2 bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
5959000
CY2017Q2 bxmt Common Stock Dividends Declared
CommonStockDividendsDeclared
58793000
CY2018Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
195000
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.62
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
62079000
CY2018Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
62274000
CY2018Q2 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
127000
CY2018Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.66
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8747000
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
72611000
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
104000
CY2018Q2 us-gaap Interest Expense
InterestExpense
87733000
CY2018Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
191479000
CY2018Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
103746000
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
191500000
CY2018Q2 us-gaap Noninterest Expense
NoninterestExpense
31135000
CY2018Q2 us-gaap Management Fee Expense
ManagementFeeExpense
22388000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
72312000
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
195000
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-10233000
CY2018Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
24982000
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-35088000
CY2018Q2 us-gaap Professional Fees
ProfessionalFees
1139000
CY2018Q2 us-gaap Profit Loss
ProfitLoss
72507000
CY2018Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
6653000
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
109069078 shares
CY2018Q2 bxmt Other Comprehensive Income Realized And Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeRealizedAndUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
24855000
CY2018Q2 bxmt General And Administrative Expenses Excluding Other Expenses
GeneralAndAdministrativeExpensesExcludingOtherExpenses
8747000
CY2018Q2 bxmt General And Administrative Operating And Other Costs
GeneralAndAdministrativeOperatingAndOtherCosts
830000
CY2018Q2 bxmt Interest Expense Secured Debt
InterestExpenseSecuredDebt
12000000
CY2018Q2 bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
1969000
CY2018Q2 bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
6778000
CY2018Q2 bxmt Common Stock Dividends Declared
CommonStockDividendsDeclared
69094000
CY2018Q2 bxmt Net Proceeds After Sales Discounts And Commissions
NetProceedsAfterSalesDiscountsAndCommissions
31.57

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