Blackstone Mortgage Trust Third Quarter 2024 Earnings: Misses Expectations

Blackstone Mortgage Trust (NYSE:BXMT) Third Quarter 2024 Results

Key Financial Results

• Net loss: US$56.4m (down by 291% from US$29.5m profit in 3Q 2023).
• US$0.33 loss per share (down from US$0.17 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Blackstone Mortgage Trust Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 6.2%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 68% p.a. on average during the next 3 years, compared to a 37% growth forecast for the Mortgage REITs industry in the US.

Performance of the American Mortgage REITs industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for Blackstone Mortgage Trust (of which 2 are potentially serious!) you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.