Blackstone Mortgage Trust: A Dividend Cut Is Likely
Blackstone(BX) seekingalpha.com·2024-05-28 11:43
Richard Drury Shares of Blackstone Mortgage Trust (NYSE:BXMT) just hit a fresh 1-year low as the market seems to come to terms with the shock that the mortgage REIT could lower its dividend due to continual loan problems in its portfolio. Blackstone Mortgage Trust's loan problems, especially in the office segment, have been the key reason why the REIT did not support its dividend with distributable earnings in the last quarter. I believe that Blackstone Mortgage Trust is now headed for a dividend cut in the ...