BXMT Blackstone Mortgage Trust Inc

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced the tax treatment of its 2023 class A common stock dividends. The following table summarizes BXMT’s class A common stock dividend payments for the tax year ended December 31, 2023:

 

 

 

 

 

 

 

 

 

 

Box 1a

 

Box 1b

 

Box 2a

 

Box 5

Record

 

Payment

 

Cash

     

Ordinary

 

Qualified

 

Capital Gain

 

Section 199A

Date

 

Date

 

Distribution

 

Adjustment

 

Dividend

 

Dividends

 

Dividends(1)

 

Dividends

 

Dividends(2)

               

 

12/30/2022

 

1/13/2023

 

$ 0.00

 

$ 0.06

 

$ 0.06(3)

 

$0.06

 

$0.00

 

$0.00

 

$0.06

3/31/2023

 

4/15/2023

 

$ 0.62

 

$ 0.00

 

$ 0.62

 

$0.62

 

$0.01

 

$0.00

 

$0.61

6/30/2023

 

7/15/2023

 

$ 0.62

 

$ 0.00

 

$ 0.62

 

$0.62

 

$0.01

 

$0.00

 

$0.61

9/30/2023

 

10/14/2023

 

$ 0.62

 

$ 0.00

 

$ 0.62

 

$0.62

 

$0.01

 

$0.00

 

$0.61

12/29/2023

 

1/16/2024

 

$ 0.62

 

$ (0.39)

 

$ 0.23(4)

 

$0.23

 

$0.00

 

$0.00

 

$0.23

   

$ 2.48

 

$ (0.33)

 

$ 2.15

 

$2.15

 

$0.03

 

$0.00

 

$2.12

(1) Qualified Dividends shows the portion of the amount of Box 1a Ordinary Dividends that may be eligible for capital gains tax rates pursuant to IRC Section 857(c).

(2) Section 199A Dividends shows the portion of the amount of Box 1a Ordinary Dividends that may be eligible for the 20% deduction applicable to “qualified REIT dividends” under IRC Section 199A(b)(1)(B). Please consult your tax advisor.

(3) The cash dividend of $0.62 per share of common stock (with a record date of December 30, 2022, that was paid on January 13, 2023) is a split-year dividend, of which $0.56 was allocable to 2022 for federal income tax purposes and the remaining $0.06 is allocable to 2023 for federal income tax purposes.

(4) The cash dividend of $0.62 per share of common stock (with a record date of December 29, 2023, that was paid on January 16, 2024) is a split-year dividend, of which $0.23 is allocable to 2023 for federal income tax purposes and the remaining $0.39 will be allocable to 2024 for federal income tax purposes.

About Blackstone Mortgage Trust Blackstone Mortgage Trust, Inc. (NYSE:BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from our loan portfolio. Our portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These senior loans are capitalized by accessing a variety of financing options, depending on our view of the most prudent strategy available for each of our investments. We are externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone. Further information is available at www.bxmt.com.

About Blackstone Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

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