Blackstone Mortgage: Second Quarter Income Statement

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NEW YORK (AP) _ Blackstone Mortgage Trust Inc. (BXMT) reported second-quarter net income of $ 131.6 million on Wednesday.

On a per share basis, the New York-based company reported net income of 89 cents. Earnings adjusted for one-time earnings were 61 cents per share.

The results were in line with Wall Street’s expectations. The average estimate of three analysts surveyed by Zacks Investment Research also assumed earnings of 61 cents per share.

The company’s real estate finance company earned $ 196.3 million in revenue for the reporting period. Adjusted revenue of $ 114 million.

Blackstone Mortgage shares are up 15% year-to-date. The stock is up 39% in the past 12 months.


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This story was created by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access the Zacks BXMT Stock Report at https://www.zacks.com/ap/BXMT

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