BLACKSTONE MORTGAGE TRUST INC
For the period ended Sep 30, 2024. Filed Oct 23, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 23, 2024
Contents
Consolidated Balance Sheets as of September, 2024 and December 31, 2023
Consolidated Balance Sheets (Unaudited)
(in thousands, except share data)
| September 30, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $322,104 | $350,014 |
| Loans receivable | 21,602,517 | 23,787,012 |
| Current expected credit loss reserve | (1,011,059) | (576,936) |
| Loans receivable, net | 20,591,458 | 23,210,076 |
| Real estate owned, net | 138,725 | — |
| Other assets | 390,907 | 476,088 |
| Total Assets | $21,443,194 | $24,036,178 |
| Liabilities and Equity | ||
| Secured debt, net | $11,001,491 | $12,683,095 |
| Securitized debt obligations, net | 2,248,307 | 2,505,417 |
| Asset-specific debt, net | 1,197,056 | 1,000,210 |
| Loan participations sold, net | 103,489 | 337,179 |
| Term loans, net | 2,089,715 | 2,101,632 |
| Senior secured notes, net | 333,023 | 362,763 |
| Convertible notes, net | 263,334 | 295,847 |
| Other liabilities | 346,382 | 362,531 |
| Total Liabilities | 17,582,797 | 19,648,674 |
| Commitments and contingencies | — | — |
| Equity | ||
| Class A common stock, $0.01 par value, 400,000,000 shares authorized, 172,987,597 and 173,209,933 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 1,730 | 1,732 |
| Additional paid-in capital | 5,521,305 | 5,507,459 |
| Accumulated other comprehensive income | 11,091 | 9,454 |
| Accumulated deficit | (1,689,534) | (1,150,934) |
| Total Blackstone Mortgage Trust, Inc. stockholders’ equity | 3,844,592 | 4,367,711 |
| Non-controlling interests | 15,805 | 19,793 |
| Total Equity | 3,860,397 | 4,387,504 |
| Total Liabilities and Equity | $21,443,194 | $24,036,178 |
Note: The consolidated balance sheets as of September 30, 2024 and December 31, 2023 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 September 30, 2024 and December 31, 2023, assets of the consolidated VIEs totaled $2.7 billion and $3.0 billion, respectively, and liabilities of the consolidated VIEs totaled $2.3 billion and $2.5 billion, respectively. Refer to Note 19 for additional discussion of the VIEs.
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