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BXMT / BXMT: Existential Risk From 'Detroitification' Across U.S. Cities

BXMT: Existential Risk From 'Detroitification' Across U.S. Cities
Commercial office properties face unprecedented challenges due to the rise in work-from-home trends and urban decay, impacting REITs like Blackstone Mortgage Trust. BXMT has lost around a third of its value since its 2021 peak and faces growing loan losses on some of its office loans, with the market bracing for a ~10-15% non-performance rate in its portfolio. The "doom loop" issue may eventually turn many downtown areas into ghost towns, posing a risk for BXMT's long-term value, but it is not strong enough to consider it a short opportunity. Read More
Posted: Jun 16 2023, 17:52
Author Name: Seeking Alpha
Views: 091910

BXMT News  

Blackstone Mortgage Trust: A Higher-For-Longer Rate Bet With A 12.6% Yield

By Seeking Alpha
October 28, 2023

Blackstone Mortgage Trust: A Higher-For-Longer Rate Bet With A 12.6% Yield

Blackstone Mortgage Trust is a core portfolio holding for passive income investors seeking predictable dividend income from a leading commercial real more_horizontal

Blackstone Mortgage Trust, Inc. (BXMT) Q3 2023 Earnings Call Transcript

By Seeking Alpha
October 25, 2023

Blackstone Mortgage Trust, Inc. (BXMT) Q3 2023 Earnings Call Transcript

Blackstone Mortgage Trust, Inc. (NYSE:BXMT ) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET Company Participants Timothy Hayes - VP, Sha more_horizontal

Blackstone Mortgage Trust: Double-Digit Dividend Yield And Major Discount To Book Value

By Seeking Alpha
October 19, 2023

Blackstone Mortgage Trust: Double-Digit Dividend Yield And Major Discount To Book Value

Blackstone Mortgage Trust: Double-Digit Dividend Yield And Major Discount To Book Value more_horizontal

12% Yield! Blackstone Mortgage Trust Is Cheap For A Reason

By Seeking Alpha
October 2, 2023

12% Yield! Blackstone Mortgage Trust Is Cheap For A Reason

Blackstone Mortgage Trust has delivered strong total returns over the past decade, outperforming the VanEck Mortgage REIT Income ETF. The Blackstone M more_horizontal

I Sold My Mortgage REITs

By Seeking Alpha
October 2, 2023

I Sold My Mortgage REITs

I am bullish on REITs. But not all REITs. Mortgage REITs are a good example of that. I present 5 reasons why I tend to avoid mortgage REITs. more_horizontal

Blackstone Mortgage Trust Has Become Fairly Valued

By Seeking Alpha
September 16, 2023

Blackstone Mortgage Trust Has Become Fairly Valued

Blackstone Mortgage Trust is one of the biggest and best-managed mortgage REITs. Despite concerns about office loans, BXMT had pretty strong second-qu more_horizontal

3 Real Estate Stocks Due for a Massive Short Squeeze

By InvestorPlace
September 1, 2023

3 Real Estate Stocks Due for a Massive Short Squeeze

If you're interested in finding out about real estate short squeeze candidates, look no further. Interest rates are soaring. more_horizontal

Blackstone Mortgage Trust: Valuation Is Getting Risky (Downgrade)

By Seeking Alpha
August 31, 2023

Blackstone Mortgage Trust: Valuation Is Getting Risky (Downgrade)

Blackstone Mortgage Trust has seen a 30% increase in stock price since the last article, prompting the question of whether it's a good time to sell. T more_horizontal


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