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.
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