NEW YORK - Blackstone Mortgage Trust, Inc. (NYSE: NYSE:BXMT), a real estate finance company, announced a dividend payment for the first quarter of 2024. Stockholders of record by March 28, 2024, will receive a dividend of $0.62 per share of class A common stock, payable on April 15, 2024.
The company specializes in originating senior loans collateralized by commercial real estate across North America, Europe, and Australia. The primary investment objective of Blackstone (NYSE:BX) Mortgage Trust is to protect shareholder capital while aiming for attractive risk-adjusted returns.
These returns are mainly expected to come from current income produced by the company's loan portfolio, which is largely made up of loans secured by high-quality, institutional-grade assets in significant markets.
These senior loans are financed through various options that the company believes are the most prudent for each investment. Blackstone Mortgage Trust is managed by BXMT Advisors L.L.C., a subsidiary of Blackstone, the world's largest alternative asset manager with over $1 trillion in assets under management.
The press release also contains forward-looking statements regarding the company's operations, financial performance, and business plans. These statements include projections about the impact of the current macroeconomic environment, such as changes in interest rates.
Still, Blackstone Mortgage Trust cautions that these forward-looking statements are subject to risks and uncertainties and that actual outcomes could differ materially from what is projected due to various factors.
This dividend declaration is based on a press release statement from Blackstone Mortgage Trust, Inc. and is intended to provide shareholders with a return on investment through the distribution of current income from the company's loan portfolio.
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