NEW YORK (AP) — NEW YORK (AP) — Blackstone Mortgage Trust Inc. (BXMT) on Wednesday reported a loss of $357,000 in its first quarter.
The New York-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for non-recurring costs and stock option expense, came to 17 cents per share.
The real estate finance company posted revenue of $332.1 million in the period. Its adjusted revenue was $89.8 million.
Blackstone Mortgage shares have risen roughly 9% since the beginning of the year. The stock has risen roughly 6% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BXMT at https://www.zacks.com/ap/BXMT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.