Every material Form 8-K Blackstone Mortgage Trust filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Blackstone Mortgage Trust completed a $450 million offering of 7.750% senior secured notes due 2029 and entered a $650 million add-on term loan (Term B-5 Loans) maturing December 10, 2028. The company said the term loan proceeds refinanced loans maturing April 23, 2026, and the notes proceeds will go to general corporate purposes, including paying down existing secured debt, so the filing shows new borrowing and refinancing rather than a change in operations.
$450 million of 7.750% senior secured notes due December 1, 2029, with interest paid semi-annually from June 1, 2025
$650 million of additional term loans (Term B-5) maturing December 10, 2028, priced at 3.75% over Term SOFR or 2.75% over the alternate base rate, with a 0.50% floor
Term loan proceeds refinanced term loans maturing April 23, 2026; the Indenture caps the Total Debt to Total Assets Ratio at 83.333% before a Collateral Fall-Away Event
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.
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
Blackstone Mortgage Trust reported a second quarter 2024 net loss attributable to the company of $61 million, or ($0.35) per share, compared with net income of $101.7 million in the same quarter of 2023. The company also declared a third quarter dividend of $0.47 per share, down from the $0.62 per share paid for the second quarter, and authorized a share repurchase program of up to $150.0 million.
Q2 2024 net loss attributable to the company of $61 million, or ($0.35) per share, versus net income of $101.7 million in Q2 2023
Distributable EPS of $0.49 for Q2 2024, up from $0.33 in Q1 2024; Distributable EPS prior to charge-offs was $0.56
Q3 2024 dividend of $0.47 per share, payable October 15, 2024, to stockholders of record as of September 30, 2024
Board authorized a share repurchase program of up to $150.0 million of class A common stock
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Blackstone Mortgage Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →