Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Costs of Owning a Home

July 30, 2025

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 2025

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Economic News»Blackstone Mortgage REIT Slashes Dividend By 24% As Distress Piles Up In CRE World 
Economic News

Blackstone Mortgage REIT Slashes Dividend By 24% As Distress Piles Up In CRE World 

July 24, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Blackstone Mortgage Trust, a real estate finance company specializing in senior loans collateralized by commercial real estate in North America, Europe, and Australia, announced its second-quarter earnings report on Tuesday. The report indicated a decrease in its dividend due to a rise in defaults and challenges with borrowers in making payments or refinancing office tower loans amidst a worsening commercial real estate downturn.

According to Bloomberg, BXMT reduced its dividend from 62 cents to 47 cents, marking the first cut since late 2015. This decision was made in response to the current market conditions and will allow for approximately $100 million to be reallocated towards new loans or other investments.

BXMT CEO Katie Keenan stated that the dividend cut was a strategic move to balance current returns with long-term earnings potential. She emphasized the importance of prudent capital allocation decisions to maximize shareholder value.

The distress primarily stems from BXMT’s office portfolio, which accounts for 25% of its outstanding loans. Recent data shows a significant drop in US office tower values, with a 37% decline from early 2022 peaks. Short seller Carson Block has expressed bearish sentiments towards BXMT, warning of potential risks associated with the company’s loan portfolio.

Moody’s has also provided a bleak outlook on the CRE market, predicting a further decline in office tower occupancy rates due to the ongoing shift towards remote work. This trend could result in a substantial increase in vacant office spaces over the next two years.

Overall, BXMT faces challenges in navigating the current market environment, but remains confident in its ability to deploy capital effectively and sustain growth through the economic cycle. Stay tuned for further updates on BXMT’s performance in the coming months.

AsDistress Blackstone CRE Dividend Mortgage Piles REIT Slashes World
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Delusional Seattle Democrats Blame Trump While Ignoring Their Role In Homelessness Crisis

July 29, 2025

End Game: Netanyahu Now Plans To Annex Gaza, Bowing To Extremist Members Of Coalition

July 29, 2025

NYC Blackstone Tower Shooter ID’d As Shane Tamura

July 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Why Does The EU Want To Become More Like The US?

October 30, 20240 Views

These Were The Most On-Time Airlines In 2024

January 11, 20250 Views

Biden versus Trump’s economy: How the 2024 presidential candidates stack up on inflation, jobs and more

July 3, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Real Estate

Costs of Owning a Home

July 30, 20250
Crypto

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 20250
Crypto

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.