Blackstone Mortgage Trust (BXMT) reported Q4 earnings Wednesday of $0.21 per diluted share, swinging from a net loss of $0.01 per share a year earlier.
Analysts polled by FactSet expected earnings of $0.45.
Net revenue for the quarter ended Dec. 31 was $114.4 million, compared with $153.8 million a year earlier.
Analysts polled by FactSet expected $109.4 million.
Shares were down nearly 1% in premarket activity.
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