07:40 AM EST, 02/12/2025 (MT Newswires) -- Blackstone Mortgage Trust ( BXMT ) reported Q4 earnings Wednesday of $0.21 per diluted share, swinging from a net loss of $0.01 per share a year earlier.

Analysts polled by FactSet expected earnings of $0.45.

Net revenue for the quarter ended Dec. 31 was $114.4 million, compared with $153.8 million a year earlier.

Analysts polled by FactSet expected $109.4 million.

Shares were down nearly 1% in premarket activity.