Blackstone Mortgage Trust down after Muddy Waters takes short position
06/12/2023 17:43
** Shares of Blackstone Mortgage Trust BXMT.N down 4.4% at
$21.48
** Short seller Muddy Waters says it has taken a short
position in the real estate finance firm
** Carson Block, the CEO of Muddy Waters, tell attendees at
the Sohn Conference in London that the real estate investment
trust faced issues of over supply, underfunded loan commitments,
expiring leases and that the net operating income was
compromised
** YTD, BXMT shares are up 1.7%
(Reporting by Jaiveer Singh Shekhawat in Bengaluru)
((JaiveerSingh.Shekhawat@thomsonreuters.com;))