Blackstone Mortgage Trust (BXMT) reported Wednesday that it swung to Q1 distributable earnings of $0.17 from a loss of $1.25 a year earlier.
Four analysts surveyed by FactSet expected distributable earnings of $0.26 per share.
Revenue for the quarter ended March 31 was $126.9 million, compared with $145.4 million a year earlier. Five analysts surveyed by FactSet expected $107.3 million.
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