Blackstone Mortgage Trust Posts Q1 Earnings Loss but Exceeds Forecasts

Blackstone Mortgage Trust (BXMT) registered a first-quarter loss of $6.3 million, but exceeded Wall Street expectations. The publicly traded mortgage real estate investment trust (REIT) reported a net loss of 4 cents per share with a distributable earnings per share of 49 cents, which beat analysts’ estimates of 38 cents. It had $46 million of […]