Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q2 2024 Earnings Conference Call July 24, 2024 9:00 AM ET
Company Participants
Timothy Hayes - Vice President, Shareholder Relations
Katie Keenan - Chief Executive Officer
Anthony Marone - Chief Financial Officer
Conference Call Participants
Steven Delaney - JMP
Stephen Laws - Raymond James
Douglas Harter - UBS
Jade Rahmani - KBW
Donald Fandetti - Wells Fargo
Thomas Catherwood - BTIG
Richard Shane - JPMorgan
Eric Dray - Bank of America
Operator
Good day and welcome to the Blackstone Mortgage Trust Second Quarter 2024 Investor Call. Today's call is being recorded. At this time, all participants are in a listen-mode only. [Operator Instructions]
At this time, I'd like to turn the conference over to Tim Hayes, Vice President, Shareholder Relations. Please go ahead.
Timothy Hayes
Good morning and welcome everyone to Blackstone Mortgage Trust's second quarter 2024 earnings conference call. I'm joined today by Tim Johnson, Chair of the Board of Directors; Katie Keenan, Chief Executive Officer; Tony Marone, Chief Financial Officer; and Austin Pena, Executive Vice President of Investments.
This morning, we filed our 10-Q and issued a press release with the presentation of our results, which are available on our website and have been filed with the SEC. I'd like to remind everyone that today's call may include forward-looking statements, which are subject to risks, uncertainties and other factors outside of the company's control. Actual results may differ materially. For a discussion of some of the risks that could affect results, please see the Risk Factors section of our most recent 10-K. We do not undertake any duty to update forward-looking statements. We will also refer to certain non-GAAP measures on this call and for reconciliations, you should refer to the press release and our 10-Q. This audio cast is copyrighted material of Blackstone Mortgage Trust and may not be duplicated without our consent.
For the second quarter, we reported a GAAP net loss of $0.38 per share, while distributable earnings and distributable earnings prior to charge-offs were $0.49 $0.56 per share respectively. A few weeks ago, we paid a dividend of $0.62 per share with respect to the second quarter. Additionally, our Board of Directors declared a dividend of $0.47 per share with respect to the third quarter and authorized a $150 million common stock repurchase. The dividend is payable on October 15, 2024 to stockholders of record on September 30, 2024. Please let me know if you have any other questions following today's call.