Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior, floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets. It operates as a real estate investment trust for federal income tax purposes. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was incorporated in 1998 and is headquartered in New York, New York.
CRE Lending Challenges | Blackstone Mortgage Trust faces headwinds in commercial real estate, with Q1 2024 showing a GAAP loss and dividend coverage concerns amid market uncertainties |
Portfolio Under Pressure | Explore BXMT's $21.1B loan exposure, featuring a conservative 63% LTV but grappling with credit quality deterioration and increased loan downgrades |
Blackstone's Advantage | Learn how BXMT leverages Blackstone's vast network for market intelligence and deal flow, potentially outmaneuvering competitors in a tough CRE landscape |
Valuation Insights | Delve into BXMT's market position, trading at a P/BV of 0.81x vs. the mortgage REIT index at 0.87x, with analyst EPS projections of $1.65 for FY2024 |
Metrics to compare | BXMT | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipBXMTPeersSector | |
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P/E Ratio | −39.9x | 5.4x | 9.6x | |
PEG Ratio | 0.01 | −0.06 | 0.03 | |
Price/Book | 0.9x | 0.8x | 1.0x | |
Price / LTM Sales | 26.1x | 3.4x | 2.9x | |
Upside (Analyst Target) | 3.5% | 22.9% | 11.2% | |
Fair Value Upside | Unlock | 0.5% | 1.9% | Unlock |