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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income from loans and other investments        
Interest and related income $ 430,092 $ 519,342 $ 1,382,367 $ 1,532,618
Less: Interest and related expenses 321,744 353,972 1,004,854 1,015,718
Income from loans and other investments, net 108,348 165,370 377,513 516,900
Revenue from real estate owned 1,214 0 1,214 0
Gain on extinguishment of debt 2,389 4,541 5,352 4,541
Total net revenues 111,951 169,911 384,079 521,441
Other expenses        
Management and incentive fees 18,605 28,882 56,258 92,747
General and administrative expenses 13,423 12,001 40,811 37,888
Expenses from real estate owned 2,684 0 3,647 0
Total other expenses 34,712 40,883 100,716 130,635
Increase in current expected credit loss reserve (132,470) (96,900) (519,747) (134,530)
(Loss) income before income taxes (55,231) 32,128 (236,384) 256,276
Income tax provision 613 1,568 2,832 4,663
Net (loss) income (55,844) 30,560 (239,216) 251,613
Net income attributable to non-controlling interests (540) (1,036) (2,063) (2,681)
Net (loss) income attributable to Blackstone Mortgage Trust, Inc. $ (56,384) $ 29,524 $ (241,279) $ 248,932
Net (loss) income per share of common stock        
Basic (in dollars per share) $ (0.32) $ 0.17 $ (1.39) $ 1.44
Diluted (in dollars per share) $ (0.32) $ 0.17 $ (1.39) $ 1.44
Weighted-average shares of common stock outstanding        
Basic (in shares) 173,637,101 172,648,118 173,881,116 172,620,799
Diluted (in shares) 173,637,101 172,648,118 173,881,116 180,891,859