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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income from loans and other investments        
Interest and related income $ 466,152 $ 521,892 $ 952,275 $ 1,013,276
Less: Interest and related expenses 339,380 344,549 683,110 661,746
Income from loans and other investments, net 126,772 177,343 269,165 351,530
Other expenses        
Management and incentive fees 18,726 32,815 37,653 63,865
General and administrative expenses 13,660 13,022 27,388 25,887
Total other expenses 32,386 45,837 65,041 89,752
Increase in current expected credit loss reserve (152,408) (27,807) (387,277) (37,630)
Gain on extinguishment of debt 0 0 2,963 0
Net expense from real estate owned (963) 0 (963) 0
(Loss) income before income taxes (58,985) 103,699 (181,153) 224,148
Income tax provision 1,217 1,202 2,219 3,095
Net (loss) income (60,202) 102,497 (183,372) 221,053
Net income attributable to non-controlling interests (855) (846) (1,523) (1,645)
Net (loss) income attributable to Blackstone Mortgage Trust, Inc. $ (61,057) $ 101,651 $ (184,895) $ 219,408
Net (loss) income per share of common stock        
Basic (in dollars per share) $ (0.35) $ 0.59 $ (1.06) $ 1.27
Diluted (in dollars per share) $ (0.35) $ 0.58 $ (1.06) $ 1.25
Weighted-average shares of common stock outstanding, basic and diluted        
Basic (in shares) 173,967,340 172,615,385 174,004,464 172,606,914
Diluted (in shares) 173,967,340 180,886,445 174,004,464 180,877,974