Blackstone Mortgage Trust (BXMT) Q3 core EPS of 63 cents exceeds the average analyst estimate of 60 cents and compares with 62 cents in Q2 and 64 cents in Q1 2020.Book value per share of $26.51 at Sept. 30 increased from $26.45 at June 30.Earnings and book value per share reflect 40 cents decrease in Q3 CECL reserve from ordinary course loan portfolio migration.Reports 99% interest collection rate in Q3; $484M of loan repayments and $342M of loan fundings.80% of loans are performing on pre-COVID terms; COVID-related modifications have generally involved new financial commitments from sponsors.Maintained liquidity of $1.2B at quarter-end.debt-to-equity ratio of 2.6x at Sept. 30, 2020, the same level as at June 30, 2020."BXMT’s strong third-quarter results reflect the earnings power and credit performance of our loan portfolio, as well as the benefits of a focused strategy of senior lending backed by top-quality properties with well-capitalized, institutional borrowers,"
