Overview
US real estate lender reported Q1 net loss of $6.3 mln
Distributable EPS for Q1 was $0.21, dividends paid per share were $0.47
Company completed over $2 bln in corporate and securitized debt financings during Q1
Outlook
Company did not provide specific guidance or forecasts for the current or future periods
Result Drivers
DEBT FINANCINGS - Co said it completed over $2 bln in corporate and securitized debt financings in Q1
DIVERSIFIED STRATEGIES - Co attributed results to investments across diversified strategies and markets
Company press release: ID:nBw7ZsCRwa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income Attributable
-$6.30 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Blackstone Mortgage Trust Inc is $21.50, about 7.4% above its April 28 closing price of $20.01
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
