09:45 AM EDT, 04/24/2024 (MT Newswires) -- Blackstone Mortgage Trust ( BXMT ) reported a Q1 net loss Wednesday of $0.71 per diluted share, compared with net income of $0.67 a year earlier.

Analysts polled by Capital IQ expected EPS of $0.41.

The company said its Q1 distributable earnings were $0.33.

Income from loans and other investments for the quarter ended March 31 was $142.4 million, down from $174.2 million a year earlier.

Analysts expected $144.7 million.

Blackstone Mortgage Trust ( BXMT ) shares were 3.7% lower in recent Wednesday trading.

Price: 18.42, Change: -0.71, Percent Change: -3.71