Blackstone Mortgage Trust Q2 Earnings Top Estimates
Portfolio Pulse from Nabaparna Bhattacharya
Blackstone Mortgage Trust, Inc. (BXMT) reported Q2 net income from loans and other investments of $177.34 million, up 20.6% YoY and above the consensus of $170.2 million. The company's distributable earnings per share of $0.79 in Q2 beat the estimates of $0.66. The company exited the quarter with cash and equivalents worth $482.86 million. BXMT shares are trading higher by 4.55% to $23.44.
July 26, 2023 | 3:40 pm
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POSITIVE IMPACT
Blackstone Mortgage Trust reported strong Q2 results, beating estimates. This positive news has led to a rise in the company's stock price.
Blackstone Mortgage Trust reported a higher than expected Q2 net income and earnings per share, indicating strong performance. This positive news is likely to increase investor confidence, leading to a rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100