Blackstone Mortgage Trust (Blackstone Mortgage Trust) Effective Interest Rate on Debt % : 7.20% (As of Mar. 2024)

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What is Blackstone Mortgage Trust Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Blackstone Mortgage Trust's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $1,374.9 Mil. Blackstone Mortgage Trust's average total debt for the quarter that ended in Mar. 2024 was $19,083.6 Mil. Therefore, Blackstone Mortgage Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.20%.

Blackstone Mortgage Trust Effective Interest Rate on Debt % Historical Data

The historical data trend for Blackstone Mortgage Trust's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Blackstone Mortgage Trust Effective Interest Rate on Debt % Chart

Blackstone Mortgage Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.89

2.73

2.21

3.71

6.88

Blackstone Mortgage Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.18	6.79	7.19	7.28	7.20

Competitive Comparison of Blackstone Mortgage Trust's Effective Interest Rate on Debt %

For the REIT - Mortgage subindustry, Blackstone Mortgage Trust's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Blackstone Mortgage Trust's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Blackstone Mortgage Trust's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Blackstone Mortgage Trust's Effective Interest Rate on Debt % falls into.

Blackstone Mortgage Trust Effective Interest Rate on Debt % Calculation

Blackstone Mortgage Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -1366.956	/	( (20443.466	+	19299.669)	/ 2 )
=	-1 * -1366.956	/	19871.5675
=	6.88 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6915.302	+	13528.164
=	20443.466

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6616.574	+	12683.095
=	19299.669

Blackstone Mortgage Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -1374.92	/	( (19299.669	+	18867.555)	/ 2 )
=	-1 * -1374.92	/	19083.612
=	7.20 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6616.574	+	12683.095
=	19299.669

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6480.266	+	12387.289
=	18867.555

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Blackstone Mortgage Trust (NYSE:BXMT) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Blackstone Mortgage Trust Effective Interest Rate on Debt % Related Terms

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Blackstone Mortgage Trust (Blackstone Mortgage Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Blackstone Mortgage Trust Inc (NYSE:BXMT) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

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Traded in Other Exchanges

BXMT:Mexico 079A:Germany 079A:Germany

Address

345 Park Avenue, 24th Floor, New York, NY, USA, 10154

Website

https://www.blackstonemortgagetrust.com

Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.

Executives

Marone Anthony F. Jr	officer: Chief Financial Officer	C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154
Katharine A Keenan	director, officer: CEO & President	C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154
Nnenna Lynch	director	4040 WILSON BOULEVARD, SUITE1000, ARLINGTON VA 22203
Lynne B Sagalyn	director
Leonard W Cotton	director	625 MADISON AVENUE, NEW YORK NY 10022
Henry N Nassau	director	435 DEVON PARK DR, BLDG 600, WAYNE PA 19087
Thomas E Dobrowski	director	MANUFACTURED HOME COMMUNTIES INC, 2 N RIVERSIDE PLZ #8, CHICAGO IL 60606
Timothy Steven Johnson	director	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Michael B. Nash	director	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Gilda Perez-alvarado	director	C/O SONDER HOLDINGS, INC., 101 15TH ST., SAN FRANCISCO CA 94103
Jonathan Lee Pollack	director	C/O BLACKSTONE MORTGAGE TRUST, INC., 345 PARK AVE., 42ND FLOOR, NEW YORK NY 10154
Douglas N. Armer	officer: Principal and Treasurer	C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154
Stephen D Plavin	director, officer: CEO	OMEGA HEALTHCARE INVESTORS INC, 900 VICTORS WAY SUITE 350, ANN ARBOR MI 48108
Thomas C Ruffing	officer: CCO, Head of Asset Management	C/O CAPITAL TRUST, INC. 410 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
Paul D Quinlan	officer: Chief Financial Officer	C/O BLACKSTONE MORTGAGE TRUST, 345 PARK AVENUE, NEW YORK NY 10154