Blackstone Mortgage Trust Reports First Quarter 2014 Results
NEW YORK, April 29, 2014
NEW YORK, April 29, 2014 /PRNewswire/ -- Blackstone Mortgage Trust, Inc.
(NYSE: BXMT) (the "Company") today reported its first quarter 2014 results.
Net income for the first quarter was $13.1 million, or $0.34 per share.
Stephen D. Plavin, Chief Executive Officer, said, "We are pleased with our
momentum as we approach the one-year anniversary of the launch of our mortgage
lending business as part of the Blackstone real estate platform. Strong
originations volume drove an increase in Core Earnings to $0.43 per share
during the first quarter as we continued to scale the business with two
accretive equity offerings and two new credit facilities."
Blackstone Mortgage Trust issued a full detailed presentation of its first
quarter 2014 results, which can be viewed at www.bxmt.com.
Quarterly Investor Call Details
Blackstone Mortgage Trust will host a conference call on Wednesday, April 30,
2014 at 10:00 am ET to discuss first quarter 2014 results. The conference call
can be accessed by dialing +1 (888) 268-4178 (U.S. domestic) or +1 (617)
597-5494 (international), with the passcode 24505461# or by webcast at
www.bxmt.com (listen only). For those unable to listen to the live broadcast,
a recorded replay will be available on the Company's website or by telephone
beginning approximately two hours after the event. The replay call number is
+1 (888) 286-8010 (U.S. domestic) or +1 (617) 801-6888 (international), with
the passcode 329 572 99#.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) is a real estate finance company
that primarily originates senior mortgage loans collateralized by properties
in the United States and Europe. The Company is externally managed by BXMT
Advisors L.L.C., a subsidiary of Blackstone, and is a real estate investment
trust traded on the NYSE under the symbol "BXMT." Blackstone Mortgage Trust,
Inc. is headquartered in New York City. Further information is available at
Blackstone (NYSE: BX) is one of the world's leading investment and advisory
firms. Blackstone seeks to create positive economic impact and long-term value
for its investors, the companies it invests in, the companies it advises and
the broader global economy. Blackstone does this through the commitment of its
extraordinary people and flexible capital. Blackstone's asset management
businesses include investment vehicles focused on private equity, real estate,
hedge fund solutions, non-investment grade credit, secondary funds, and multi
asset class exposures falling outside of other funds' mandates. Blackstone
also provides various financial advisory services, including financial and
strategic advisory, restructuring and reorganization advisory and fund
placement services. Further information is available at www.blackstone.com.
Follow Blackstone on Twitter @Blackstone.
Forward-Looking Statements and Other Matters
This release may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, which reflect Blackstone Mortgage
Trust's current views with respect to, among other things, Blackstone Mortgage
Trust's operations and financial performance. You can identify these
forward-looking statements by the use of words such as "outlook," "believes,"
"expects," "potential," "continues," "may," "will," "should," "seeks,"
"approximately," "predicts," "intends," "plans," "estimates," "anticipates" or
the negative version of these words or other comparable words. Such
forward-looking statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could cause actual
outcomes or results to differ materially from those indicated in these
statements. Blackstone Mortgage Trust believes these factors include but are
not limited to those described under the section entitled "Risk Factors" in
its Annual Report on Form 10-K for the fiscal year ended December 31, 2013, as
such factors may be updated from time to time in its periodic filings with the
Securities and Exchange Commission which are accessible on the SEC's website
at www.sec.gov. These factors should not be construed as exhaustive and should
be read in conjunction with the other cautionary statements that are included
in this release and in the filings. Blackstone Mortgage Trust assumes no
obligation to update or supplement forward-looking statements that become
untrue because of subsequent events or circumstances.
We refer to "Core Earnings", which is a non-GAAP financial measure, in this
release. A reconciliation to net income attributable to Blackstone Mortgage
Trust, the most directly comparable GAAP measure, is included in our full
detailed presentation of first quarter 2014 results and is available on our
website at www.bxmt.com.
SOURCE Blackstone Mortgage Trust, Inc.
Contact: Investor and Media Relations: Weston Tucker, Blackstone, +1 (888)
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