BLACKSTONE MORTGAGE TRUST INC
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of and
Consolidated Balance Sheets
(in thousands, except share data)
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $350,014 | $291,340 |
| Loans receivable | 23,787,012 | 25,017,880 |
| Current expected credit loss reserve | (576,936) | (326,137) |
| Loans receivable, net | 23,210,076 | 24,691,743 |
| Other assets | 476,088 | 370,902 |
| Total Assets | $24,036,178 | $25,353,985 |
| Liabilities and Equity | ||
| Secured debt, net | $12,683,095 | $13,528,164 |
| Securitized debt obligations, net | 2,505,417 | 2,664,010 |
| Asset-specific debt, net | 1,000,210 | 942,503 |
| Loan participations sold, net | 337,179 | 224,232 |
| Term loans, net | 2,101,632 | 2,114,549 |
| Senior secured notes, net | 362,763 | 395,166 |
| Convertible notes, net | 295,847 | 514,257 |
| Other liabilities | 362,531 | 426,904 |
| Total Liabilities | 19,648,674 | 20,809,785 |
| Commitments and contingencies | — | — |
| Equity | ||
| Class A common stock, $0.01 par value, 400,000,000 shares authorized, 173,209,933 and 171,695,985 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 1,732 | 1,717 |
| Additional paid-in capital | 5,507,459 | 5,475,804 |
| Accumulated other comprehensive income | 9,454 | 10,022 |
| Accumulated deficit | (1,150,934) | (968,749) |
| Total Blackstone Mortgage Trust, Inc. stockholders’ equity | 4,367,711 | 4,518,794 |
| Non-controlling interests | 19,793 | 25,406 |
| Total Equity | 4,387,504 | 4,544,200 |
| Total Liabilities and Equity | $24,036,178 | $25,353,985 |
Note: The consolidated balance sheets as of December 31, 2023 and 2022 include assets of consolidated variable interest entities, or VIEs, that can only be used to settle obligations of each respective VIE, and liabilities of consolidated VIEs for which creditors do not have recourse to Blackstone Mortgage Trust, Inc. As of December 31, 2023 and 2022, assets of the consolidated VIEs totaled $3.0 billion and $3.2 billion, respectively, and liabilities of the consolidated VIEs totaled $2.5 billion and $2.7 billion, respectively. Refer to Note 18 for additional discussion of the VIEs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.