NEW YORK (AP) _ Blackstone Mortgage Trust Inc. (BXMT) on Wednesday reported third-quarter earnings of $74.9 million.
On a per-share basis, the New York-based company said it had profit of 56 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 64 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The real estate finance company posted revenue of $213.9 million in the period. Its adjusted revenue was $101.9 million.
Blackstone Mortgage shares have risen 15% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $36.51, a climb of 13% in the last 12 months.