BLACKSTONE MORTGAGE TRUST INC
For the period ended Dec 31, 2024. Filed Feb 12, 2025.
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FY2024 · Filed Feb 12, 2025
BXMT$11.10-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations for the Years Ended , and
Consolidated Statements of Operations
(in thousands, except share and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Income from loans and other investments | |||
| Interest and related income | $1,769,043 | $2,037,621 | $1,338,954 |
| Less: Interest and related expenses | 1,289,972 | 1,366,956 | 710,904 |
| Income from loans and other investments, net | 479,071 | 670,665 | 628,050 |
| Revenue from real estate owned | 13,040 | — | — |
| Gain on extinguishment of debt | 5,352 | 4,616 | — |
| Other income | 1,064 | — | — |
| Total net revenues | 498,527 | 675,281 | 628,050 |
| Expenses | |||
| Management and incentive fees | 74,792 | 119,089 | 110,292 |
| General and administrative expenses | 53,922 | 51,143 | 52,193 |
| Expenses from real estate owned | 22,060 | — | — |
| Other expenses | 5,663 | — | — |
| Total expenses | 156,437 | 170,232 | 162,485 |
| Increase in current expected credit loss reserve | (538,801) | (249,790) | (211,505) |
| Loss from unconsolidated entities | (2,748) | — | — |
| (Loss) income before income taxes | (199,459) | 255,259 | 254,060 |
| Income tax provision | 2,374 | 5,362 | 3,003 |
| Net (loss) income | (201,833) | 249,897 | 251,057 |
| Net income attributable to non-controlling interests | (2,255) | (3,342) | (2,415) |
| Net (loss) income attributable to Blackstone Mortgage Trust, Inc. | $(204,088) | $246,555 | $248,642 |
| Net (loss) income per share of common stock, basic and diluted | $(1.17) | $1.43 | $1.46 |
| Weighted-average shares of common stock outstanding, basic and diluted | 173,782,523 | 172,672,038 | 170,631,410 |
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