| Market Capitalization (Millions $) |
2,277 |
| Shares
Outstanding (Millions) |
169 |
| Employees |
81 |
| Revenues (TTM) (Millions $) |
2,298 |
| Net Income (TTM) (Millions $) |
104 |
| Cash Flow (TTM) (Millions $) |
-125 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Blackstone Mortgage Trust, Inc. is a real estate finance company that primarily originates and purchases senior mortgage loans, mezzanine loans and preferred equity investments to finance commercial real estate properties in the United States. The Company is externally managed and advised by BXMT Advisors L.L.C., a subsidiary of Blackstone Group Inc., one of the largest alternative asset managers in the world.
Blackstone Mortgage Trust (BXMT) was founded in 1966 and is headquartered in New York City. Its key executives include President, CEO and Director Steve Plavin, CFO Anthony Marone, and COO Douglas Armer. The Companyes board is led by Stephen D. Plavin, who is also the Chief Executive Officer.
The Companyes primary business involves the provision of real estate financing through the origination and purchase of senior loans, mezzanine loans, and preferred equity investments. Its loans are secured by first lien mortgages and the Companyes investment strategy is centered on commercial real estate debt investments because of their relatively predictable cash flows and higher lending margins.
Blackstone Mortgage Trust invests in commercial real estate properties ranging from office buildings, apartment complexes, hotels and resorts, retail properties, warehouses and logistics centers, and industrial properties. The company operates through various subsidiaries, with its Blackstone Mortgage Management division primarily responsible for sourcing, underwriting and pricing its investments.
One of the key strengths of Blackstone Mortgage Trust is its diversified portfolio which includes investments in a variety of geographic locations, property types, and industry sectors. As of December 31, 2020, the Company had a total loan portfolio of approximately $19.7 billion in loan commitments, consisting of 97 loans secured by 142 properties.
Another key strength of the Company is its access to funding. As a Real Estate Investment Trust (REIT), Blackstone Mortgage Trust is regulated by the Securities and Exchange Commission and is required to distribute at least 90% of its taxable income to shareholders annually in the form of dividends. The Companyes ability to raise capital through stock offerings and institutional investors allows it to invest in larger real estate projects with greater flexibility than traditional lenders.
Overall, Blackstone Mortgage Trust is a well-established and well-managed REIT that provides attractive dividend yields to investors while leveraging the financial strength of the Blackstone Group to make smart investments in the commercial real estate debt market.
Company Address: 345 Park Avenue Zagreb 10154 City of Zagreb
Company Phone Number: 655-0220 Stock Exchange / Ticker: NYSE BXMT
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1.42%