NEW YORK, Feb. 12, 2019 /PRNewswire/ -- Blackstone
Mortgage Trust, Inc. (NYSE:BXMT) today reported its fourth quarter and full year 2018 results. Net income for the fourth quarter
was $74 million, or $0.61 per share, and for the full year was
$285 million, or $2.50 per share.
Stephen D. Plavin, Chief Executive Officer, said, "A strong fourth quarter capped an
extraordinary year for BXMT. We grew the portfolio to a record $15.8 billion with $10.7 billion of originations during the year, and generated $2.90 of Core
Earnings per share as our pure-play, senior mortgage business continued to deliver great results."
Blackstone Mortgage Trust issued a full detailed presentation of its fourth quarter and full year 2018 results, which can be
viewed at www.bxmt.com.
Quarterly Investor Call Details
Blackstone Mortgage Trust will host a conference call on Wednesday, February 13, 2019 at
10:00 a.m. ET to discuss fourth quarter and full year 2018 results. The conference call can be
accessed by dialing +1 (888) 268-4178 (U.S. domestic) or +1 (617) 597-5494 (international), with the passcode 245-054-61# or by
webcast at www.bxmt.com (listen only). For those unable to listen to the live broadcast, a recorded replay will be
available on the company's website or by telephone beginning approximately two hours after the event. The replay call number is
+1 (888) 286-8010 (U.S. domestic) or +1 (617) 801-6888 (international), with the passcode 373-799-35#.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust (NYSE:BXMT) is a real estate finance company that originates senior loans collateralized by
commercial real estate in North America, Europe, and
Australia. Our investment objective is to preserve and protect shareholder capital while
producing attractive risk-adjusted returns primarily through dividends generated from current income from our loan portfolio. We
are externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone. Further information is available at www.bxmt.com.
About Blackstone
Blackstone (NYSE:BX) is one of the world's leading investment firms. Blackstone seeks to create positive economic impact and
long-term value for its investors, the companies it invests in, and the communities in which it works. Blackstone does this by
using extraordinary people and flexible capital to help companies solve problems. Blackstone's asset management businesses, with
$472 billion in assets under management, include investment vehicles focused on private equity,
real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
Forward-Looking Statements and Other Matters
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect Blackstone Mortgage Trust's current
views with respect to, among other things, Blackstone Mortgage Trust's operations and financial performance. You can identify
these forward-looking statements by the use of words such as "outlook," "indicator," "believes," "expects," "potential,"
"continues," "may," "will," "should," "seeks," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version
of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those
indicated in these statements. Blackstone Mortgage Trust believes these factors include but are not limited to those described
under the section entitled "Risk Factors" in its Annual Report on Form 10-K for the fiscal year ended December 31, 2018, as such factors may be updated from time to time in its periodic filings with the Securities
and Exchange Commission ("SEC") which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other
cautionary statements that are included in this release and in the filings. Blackstone Mortgage Trust assumes no obligation to
update or supplement forward?looking statements that become untrue because of subsequent events or circumstances.
We refer to "Core Earnings," which is a non-GAAP financial measure, in this release. A reconciliation to net income
attributable to Blackstone Mortgage Trust, the most directly comparable GAAP measure, is included in our full detailed
presentation of fourth quarter and full year 2018 results and is available on our website at www.bxmt.com.
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SOURCE Blackstone Mortgage Trust, Inc.