NEW YORK (AP) — NEW YORK (AP) — Blackstone Mortgage Trust Inc. (BXMT) on Wednesday reported third-quarter net income of $63.4 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had profit of 37 cents per share. Earnings, adjusted for non-recurring gains, came to 24 cents per share.
The real estate finance company posted revenue of $346 million in the period. Its adjusted revenue was $98.9 million.
Blackstone Mortgage shares have climbed 4% since the beginning of the year. The stock has dropped slightly more than 2% in the last 12 months.
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