Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Citi's 26th Annual Global Property CEO Conference 2022 Call March 8, 2022 11:15 AM ET Company Participants Katie Keenan - Chief Executive Officer Doug Armer - Executive Vice President, Capital Markets Austin Peña - Executive Vice President, Investments Conference Call Participants Arren Cyganovich - Citi Arren Cyganovich Hi, welcome to the session of Citi’s 2022 Global Property CEO Conference. I am Arren Cyganovich with Citi Research. And we are pleased to have wi ...

Blackstone Mortgage Trust (BXMT) Citi's 26th Annual Global Property CEO Conference 2022 Call March 8, 2022 11:15 AM ET Company Participants Katie Keenan - Chief Executive Officer of Blackstone Mortgage Trust Doug Armer - Executive Vice President, Capital Markets Austin Peña - Executive Vice President, Investments Conference Call Participants Arren Cyganovich - Citi Arren Cyganovich Hi, welcome to the session of Citi’s 2022 Global Property CEO Conference. I am Arren Cyganovich with Citi Research. And we are ...

Blackstone Mortgage Trust Inc. (NYSE:BXMT) Q4 2021 Earnings Conference Call February 9, 2022 9:00 AM ET Company Participants Weston Tucker - Head of shareholder relations Mike Nash - Executive Chairman Katharine Keenan - Chief Executive Officer Austin Pena - Executive Vice President Investments Anthony Marone - Chief Financial Officer Douglas Armer - Executive Vice President, Capital Markets Conference Call Participants Rick Shane - JPMorgan Donald Fandetti - Wells Fargo Douglas Harter - Credit Suisse Ti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14788 ortgage Trust Tradingsymbol(s) $0.01pershareBXMT Blackstone Mortgage Trust, Inc. (Exact name of Registrant as specified in its charter) Mary ...

Mortgage Trust Blackstone Mortgage Trust Reports Third Quarter 2021 Results New York, October 27, 2021: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its third quarter 2021 results. Third quarter EPS, Distributable EPS, and dividends paid per share were $0.56, $0.63, and $0.62, respectively. Katie Keenan, Chief Executive Officer, said, "BXMT's accelerating momentum throughout the year led to exceptional performance in the third quarter, with a record $4.7 billion of new originations driving $2. ...

Blackstone Mortgage Trust Inc. (NYSE:BXMT) Q3 2021 Earnings Conference Call October 27, 2021 9:00 AM ET Company Participants Katharine Keenan – Chief Executive Officer Mike Nash – Executive Chairman Weston Tucker – Head of shareholder relations Jonathan Pollack – Global Head of Real Estate, Debt Strategies Anthony Marone – Chief Financial Officer Douglas Armer – Executive Vice President, Capital Markets Conference Call Participants Timothy Hayes – BTIG Stephen Laws – Raymond James Richard Shane – JPM Donald ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-14788 Blackstone Mortgage Trust, Inc. (Exact name of Registrant as specified in its charter) Maryland 94- ...

财务数据和关键指标变化 - 公司报告GAAP每股净收入0.89美元 较上季度增加0.35美元 [19] - 可分配收益为每股0.61美元 较上季度有所增长 [5][20] - 账面价值增至每股26.68美元 增长0.33美元 [19] - CECL贷款损失准备金减少5100万美元 从184百万美元降至133百万美元 [21] - 季度股息为每股0.62美元 [5] 各条业务线数据和关键指标变化 - 多户型物业租赁利差在Top 40市场达到9.7%的显著水平 [10] - 办公室租赁活动复苏 第二季度新租赁面积达3500万平方英尺 [12] - 酒店业务表现强劲 RevPAR超过2019年水平 [15] - 工业和办公资产完成超过100万平方英尺租赁 [15] - 生命科学办公室贷款成为重要业务领域 在黑石拥有600万平方英尺资产的波士顿市场完成第二笔大额交易 [13] 各个市场数据和关键指标变化 - 欧洲市场逐步正常化 出现更多贷款机会 [15] - 美国阳光地带多户型市场表现突出 完成2.64亿美元花园公寓组合融资 [11] - 纽约市市场复苏较慢 6月入住率为63% 受国际旅行限制影响较大 [58] - 亚特兰大、纳什维尔和奥斯汀等增长型市场办公室贷款表现良好 实现7%-8%的债务收益率 [13] 公司战略和发展方向和行业竞争 - 专注于低杠杆浮动利率贷款策略 向顶级赞助商提供机构资产融资 [17] - 利用黑石平台优势 通过2000亿美元管理资本和10亿平方英尺资产组合获取市场信息和交易机会 [9] - 维持9%的投资组合收益率 在疫情前后7年间保持稳定 [8] - 欧洲业务扩张 前CEO将前往伦敦管理欧洲房地产债务业务 [6] - 酒店行业出现周期性低杠杆点的有吸引力的相对价值机会 [15] 管理层对经营环境和未来前景的评论 - 经济重启持续进行 业务全面走强 [7] - 租金和租赁活动在目标市场呈上升趋势 [14] - 去年波动性的持续影响加上成本通胀 可能会抑制新供应 [14] - 低利率和全球收益追求为资本化率创造有利环境 [14] - Delta变种可能影响复苏斜率而非终点 [14] - 超过35亿美元新贷款已关闭或正在关闭中 [15] 其他重要信息 - 投资组合规模达192亿美元创纪录 今年实现近10亿美元正净投资 [7] - 加权平均投资组合风险评级从3.0改善至2.9 [22] - 从4级观察名单中移除5笔贷款 减少21% [22] - 仅2%贷款处于非应计状态 与过去几个季度相同 [23] - 第二季度收到20亿美元还款 包括15笔全额还款 [23] - 债务股权比仅为2.7倍 流动性14亿美元增加2.66亿美元 [27] 问答环节所有的提问和回答 问题: 建筑材料成本通胀对贷款的影响 - 通胀主要影响是减少未来新供应并提升现有资产价值 [30] - 对于建设贷款 通过最高保证价格合同和赞助商完工保证获得保护 [30] - 当前成本波动不会对多年前定价的项目产生实质性影响 [31] 问题: 还款水平预期 - 预计还款节奏将保持疫情前历史水平的平稳状态 [32] - 大规模投资组合使单笔还款影响不那么集中 [32] 问题: 利率环境和利差管理 - 业务模式具有有机对冲特性 在不同利率环境下保持收益率稳定 [35][38] - 利率下限从1.43%降至1.12% 仅40%以上贷款保留25基点以上下限 [36] - 浮动利率业务模式天然具有资产敏感性 能从利率上升中获益 [36][38] 问题: 资本结构优化计划 - 考虑所有融资选项包括高收益债券市场 [40] - 维持广泛的融资选择以最大化资本效率和最小化风险 [40] - 股票和公司债务交易表现良好 [40] 问题: 仓库融资线成本趋势 - 成本持续下降 竞争环境激烈 [41] - 净息差保持在1.5-2亿美元历史区间 2021年接近2亿美元 [41] - 在低LIBOR环境下可能存在地板价 但尚未达到 [41] - 与银行的全面业务关系有助于进一步降低成本 [41] 问题: 流动性水平和增长能力 - 当前资本结构可支持数十亿美元增长 [43] - 不设定特定流动性目标 专注于高质量投资机会 [43][44] - 规模优势带来更多市场接触点和贷款机会 [46] 问题: CECL准备金减少的原因和模型 - 使用WARM模型 较计算机化系统更依赖判断 [49] - 风险评级提升和市场条件改善是主要驱动因素 [49][51] - 上季度采取观望态度 本季度确认市场实质性改善 [50] - 预计未来波动幅度较小 除非出现类似COVID的重大事件 [52] 问题: 酒店部门表现和赞助商承诺 - 度假酒店表现显著恢复 许多资产已覆盖债务服务 [56] - 城市中心酒店恢复较慢 但继续获得强力赞助商支持 [56] - 看到有吸引力的相对价值机会 在新贷款中保持高标准 [56][57] - 纽约市恢复较慢 受国际旅行限制影响 [58] 问题: 提前还款收入影响 - 第二季度提前还款收入未有实质性影响 [20][54] - 预计随着新贷款成为投资组合主要部分 该收入将回归典型水平 [20]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-14788 Mortgage Trust Blackstone Mortgage Trust, Inc. (Exact name of Registrant as specified in its charter) Ma ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q1 2021 Earnings Conference Call April 28, 2021 9:00 AM ET Company Participants Steve Plavin - CEO Katie Keenan - President Tony Marone - CFO Doug Armer - EVP, Capital Markets Weston Tucker - Head, IR Conference Call Participants Timothy Hayes - BTIG Doug Harter - Credit Suisse Charlie Arestia - J.P. Morgan Jade Rahmani - KBW Don Fandetti - Wells Fargo Securities Stephen Laws - Raymond James Operator Good day, and welcome to the Blackstone Mortgage Trust, First Qu ...