Blackstone Mortgage (BXMT) Reports Q4 Earnings: $39.6M, 24c EPS, Surpasses Estimates

Blackstone Mortgage Trust Inc. (BXMT) reported fourth-quarter net income of $39.6 million, or 24 cents per share, with an adjusted net income of 51 cents per share. Revenue totaled $318.8 million, with adjusted revenue of $83.9 million. Results surpassed the 22 cents per share average expected by three Zacks analysts. For the year, the company posted net income of $109.6 million, or 64 cents per share, and revenue of $367.5 million. BXMT shares have risen 2.5% year-to-date, reflecting more than 5% gains over the past 12 months.