Blackstone Mortgage Trust reports Q3 net loss of $56 million, or $0.32 per share
Blackstone Mortgage Trust reported a third-quarter 2024 net loss attributable to the company of $56 million, compared with net income of $30 million in the same quarter of 2023. The loss reflects a $132 million increase in credit loss reserves, while Distributable EPS fell to $0.39 from $0.49 in the prior quarter. For shareholders, the results show weaker earnings, though management cited accelerating loan repayments and $1.5 billion of quarter-end liquidity.
Key points
- Q3 2024 GAAP net loss attributable to the company was $56 million, or $0.32 per basic share, versus net income of $29.5 million a year earlier
- Total net revenues were $112 million for Q3 2024, down from $170 million in Q3 2023
- Book value per share was $22.17 at September 30, 2024, down from $22.90 at June 30, 2024
- Dividends paid were $0.47 per share for the quarter
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.