Blackstone Mortgage Trust, Inc. BXMT reported Q2 net income from loans and other investments of $177.34 million, up 20.6% year over year and above the consensus of $170.2 million.
The company's distributable earnings per share of $0.79 in Q2 beat the estimates of $0.66.
Katie Keenan, Chief Executive Officer, said, "BXMT's results once again underscored the resilience of our business, as we generated strong earnings and preserved book value."
Net income attributable to Blackstone Mortgage Trust for the second quarter was $101.65 million, up from $93.25 million in the year-ago period.
The company exited the quarter with cash and equivalents worth $482.86 million.
"With record liquidity and a well-structured balance sheet, we believe we are on strong footing to navigate the period ahead," Keenan added.
Price Action: BXMT shares are trading higher by 4.55% to $23.44 on the last check Wednesday.
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