NEW YORK (AP) — NEW YORK (AP) — Blackstone Mortgage Trust Inc. (BXMT) on Wednesday reported second-quarter net income of $7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had net income of 4 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 19 cents per share.
The real estate finance company posted revenue of $359.5 million in the period. Its adjusted revenue was $94.8 million.
Blackstone Mortgage shares have increased 11% since the beginning of the year. The stock has risen 7.5% in the last 12 months.
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