Equity (Tables)

3 Months Ended

Mar. 31, 2016

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:


	Three Months Ended March 31,
Common Stock Outstanding⁽¹⁾	2016		2015
Beginning balance		93,843,847		58,388,808
Issuance of class A common stock		285		139
Issuance of restricted class A common stock, net		209,798		181,049
Issuance of deferred stock units		7,322		5,414

Ending balance		94,061,252		58,575,410

(1)	Deferred stock units held by members of our board of directors totaled 148,843 and 124,333 as of March 31, 2016 and 2015, respectively.

Schedule of Dividend Activity

The following table details our dividend activity ($ in thousands, except per share data):


	Three Months Ended March 31,
	2016		2015
Dividends declared per share of common stock	$	0.62	$	0.52
Total dividends declared	$	58,226	$	30,398

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):


	Three Months Ended March 31,
	2016		2015
Net income⁽¹⁾	$	57,047	$	35,393
Weighted-average shares outstanding, basic and diluted		94,067,769		58,576,025

Per share amount, basic and diluted	$	0.61	$	0.60

(1)	Represents net income attributable to Blackstone Mortgage Trust, Inc.