BMXT - stevehemingway/trading GitHub Wiki

theworks(economics,Old Time REITser,{ Blackstone Mortgage faces many impairments in 2024, in my opinion, due to loans on office properties throughout the U.S., hotels in San Francisco, and toxic legacy assets of Banco Popular. The Hyatt Regency SOMA San Francisco missed a balloon payment of $260 million; the property is estimated to be worth $200 million less than the Blackstone Mortgage's loan amount. Blackstone Mortgage is providing additional capital to projects with uncertain futures but its actions may not be sustainable. Due to the audit of year-end results, by Deloitte & Touche as opposed to the review of quarterly results, 4Q numbers are likely to include an increase in impairments. Blackstone Mortgage is already close to violating its Fixed Charge Coverage Covenants.},Blackstone Mortgage Trust,REIT,{https://seekingalpha.com/article/4663294-blackstone-mortgage-portfolio-reveals-2024-darker-than-it-appears})