Blackstone Mortgage Trust Inc. recently held its first quarter 2025 earnings conference call, attended by key executives including Chief Executive Officer Katie Keenan, Chief Financial Officer Tony Marone, and Executive Vice President of Investments Austin Peña. During the call, Blackstone Mortgage Trust $(BXMT)$ reported a GAAP net loss of effectively zero and Distributable Earnings of $0.17 per share, with Distributable Earnings prior to charge-offs at $0.42 per share. A dividend of $0.47 per share was paid with respect to the fourth quarter. CEO Katie Keenan highlighted the company's strong liquidity of $1.6 billion, stating, "BXMT has the flexibility to navigate volatility and capitalize on attractive investment opportunities across real estate credit markets globally." CFO Tony Marone emphasized the challenges faced, including a timing mismatch between repayments and capital deployments, while expressing optimism about the company's long-term earnings potential as they move past near-term headwinds. The full transcript can be accessed through the link below.
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