Blackstone Mortgage Trust Inc. (NYSE:BXMT) Q3 2024 Earnings Conference Call October 23, 2024 9:00 AM ET
Company Participants
Katie Keenan - Chief Executive Officer
Anthony Marone - Chief Financial Officer
Tim Hayes - Vice President, Shareholder Relations
Conference Call Participants
Don Fandetti - Wells Fargo
Tom Catherwood - BTIG
Harsh Hemnani - Green Street
Steve Delaney - Citizens JMP
Jade Ramani - KBW
Doug Harter - UBS
Rick Shane - JP Morgan
Eric Dray - Bank of America
Operator
Good day and welcome to the Blackstone Mortgage Trust third quarter 2024 investor call.
Today’s conference is being recorded.
At this time, all participants are in a listen-only mode. If you require Operator assistance at any time, please press star, zero. If you’d like to ask a question, please signal by pressing star, one on your telephone keypad. If you’re using a speakerphone, please make sure your mute function is turned off to allow your signal to reach our equipment.
At this time, I’d like to turn the conference over to Tim Hayes, Vice President, Shareholder Relations. Please go ahead.
Tim Hayes
Good morning and welcome everyone to Blackstone Mortgage Trust’s third quarter 2024 earnings conference call. I am joined today by 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 a 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 can 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 10-Q.
This audiocast is copyrighted material of Blackstone Mortgage Trust and may not be duplicated without our consent.
For the third quarter, we reported a GAAP net loss of $0.32 per share, while distributable earnings and distributable earnings prior to charge-offs were $0.39 and $0.49 per share respectively. Two weeks ago, we paid a dividend of $0.47 per share with respect to the third quarter.