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Equity (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Summary of Class A Common Stock Issuances The following table details our issuance of class A common stock during the year ended December 31, 2022 ($ in thousands, except per share data):
Class A Common Stock Offerings
2022(1)
Shares issued2,303,469 
Gross / net issue price per share(2)
31.23 / 30.92
Net proceeds(3)
$70,651 
(1)Represents shares issued under our at-the-market program.
(2)Represents the gross price per share issued, as well as the net proceeds per share after underwriting or sales discounts and commissions.
(3)Net proceeds represent proceeds received from the underwriters less applicable transaction costs.
Schedule of Movement in Outstanding Shares of Class A Common Stock, Restricted Class A Common Stock and Deferred Stock Units
The following table details the movement in our outstanding shares of class A common stock, including restricted class A common stock and deferred stock units:
 Year Ended December 31,
Common Stock Outstanding(1)
202420232022
Beginning balance173,569,397172,106,593168,543,370
Issuance of class A common stock(2)
5,8496,5872,311,711
Repurchase of class A common stock(1,646,034)——
Issuance of restricted class A common stock, net(3)(4)
1,222,3461,402,3291,204,476
Issuance of deferred stock units52,63253,88847,036
Ending balance173,204,190173,569,397172,106,593
(1)Includes 412,096, 359,464, and 410,608 deferred stock units held by members of our board of directors as of December 31, 2024, 2023, and 2022, respectively.
(2)Includes 5,849, 6,587, and 8,242 shares issued under our dividend reinvestment program during the years ended December 31, 2024, 2023, and 2022, respectively.
(3)Includes 41,282, 25,482, and 13,197 shares of restricted class A common stock issued to our board of directors during the years ended December 31, 2024, 2023, and 2022, respectively.
(4)Net of 102,484, 15,477, and 39,655 shares of restricted class A common stock forfeited under our stock-based incentive plans during the years ended December 31, 2024, 2023, and 2022, respectively.
Schedule of Dividend Activity
The following table details our dividend activity ($ in thousands, except per share data):
 Year Ended December 31,
 202420232022
Dividends declared per share of common stock$2.18$2.48$2.48
Percent taxable as ordinary dividends100.00 %100.00 %100.00 %
Percent taxable as capital gain dividends— %— %— %
100.00 %100.00 %100.00 %
Class A common stock dividends declared$377,837$427,862$423,568
Deferred stock unit dividends declared882878945

$378,719$428,740$424,513
Schedule of Basic and Diluted Earnings Per Share, or EPS, Based on Weighted-Average of Both Restricted and Unrestricted Class A Common Stock Outstanding
The following table sets forth the calculation of basic and diluted net income per share of class A common stock based on the weighted-average of both restricted and unrestricted class A common stock outstanding ($ in thousands, except per share data):
 Year Ended December 31,
202420232022
Net (loss) income(1)
$(204,088)$246,555 $248,642 
Weighted-average shares outstanding, basic and diluted(2)
173,782,523172,672,038170,631,410
Per share amount, basic and diluted(2)
$(1.17)$1.43 $1.46 
(1)Represents net (loss) income attributable to Blackstone Mortgage Trust, Inc.
(2)For the years ended December 31, 2024, 2023, and 2022, our Convertible Notes were not included in the calculation of diluted earnings per share, as the impact is antidilutive. Refer to Note 13 for further discussion of our convertible notes.