Two Classes Of Mortgage REITs

Agency mortgage REITs duel to the dividend cut. There are 7 facing off. The top 3 are much better than the other 4. Valuations are important and awful. Deal with it.

Seeking Alpha • Dec 11, 2025

Alexander & Baldwin to be Taken Private in $2.3 Billion Transaction

Shareholders to Receive $21.20 Per Share in Cash Representing a 40.0% Premium to Closing Price on December 8, 2025 HONOLULU , Dec. 8, 2025 /PRNewswire/ -- Alexander & Baldwin, Inc., (NYSE: ALEX) ( "A&B" or the "Company"), a Hawaiʻi-based owner, operator and developer of high-quality commercial real estate in Hawaiʻi, today announced that it has entered into a definitive merger agreement in which a joint venture formed by MW Group and funds affiliated with Blackstone Real Estate and DivcoWest (collectively, the "Investor Group") will acquire all outstanding A&B common shares for $21.20 per share in an all-cash transaction with an enterprise value of approximately $2.3 billion, including outstanding debt. As a result of this transaction, A&B will become a private company.

PRNewsWire • Dec 8, 2025

Blackstone Mortgage Trust: Improving Outlook For 2026

Blackstone Mortgage Trust stabilized its portfolio in Q3, fully covering its dividend with distributable earnings. BXMT reduced impaired loans from $2.3B to $700M year-over-year, improving coverage and lowering risk, though office exposure remains material at 29%. Distributable earnings grew for the second consecutive quarter, with a 102% dividend coverage ratio, reflecting a healthier payout profile post last year's dividend cut.

Seeking Alpha • Dec 5, 2025

Realty Income Announces $800 Million Preferred Equity Investment in CityCenter Las Vegas Real Estate Assets

Realty Income Increases 2025 Investment Volume Guidance to Over $6.0 Billion SAN DIEGO and NEW YORK , Dec. 1, 2025 /PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company® and Blackstone Real Estate announced today a definitive agreement under which Realty Income will make an $800 million perpetual preferred equity investment in the real estate of CityCenter, comprised of the ARIA Resort & Casino and Vdara Hotel & Spa, which is owned by funds affiliated with Blackstone Real Estate. Blackstone Real Estate will retain 100% of the common equity ownership of the property, which will continue to be operated by MGM Resorts International.

PRNewsWire • Dec 1, 2025

Winners And Losers Of REIT Earnings Season

Over 200 U.S. REITs and homebuilders have reported third-quarter earnings results over the past five weeks, providing critical information on the state of the commercial and residential real estate industry. Overall, REIT earnings results were marginally better than consensus expectations despite a handful of high-profile flops that overshadowed some impressive individual results across a balanced mix of sectors. Two-thirds of the sector (67 REITs) raised their full-year FFO outlook—above the historical average of 65%. Notable winners included Industrial, Senior Housing, Data Center, Retail, and Billboard REITs.

Seeking Alpha • Nov 14, 2025

Blackstone Mortgage Trust: Future Value Expected To Mitigate Near-Term Loan Headwinds (Rating Upgrade)

For my follow-up of Blackstone Mortgage Trust, I'm upgrading it to a buy, agreeing with the most recent Wall St buy consensus. This mREIT has reduced underperforming loans while growing new ones, is backed by the Blackstone brand, and is in a position to provide liquidity to future loan demand. Their portfolio is diversified across many property categories and geographies globally, and dividend investors will like the yield above 10% now.

Seeking Alpha • Nov 11, 2025

When The Stimulus Stops

U.S. equity markets stumbled this week as stretched tech valuations collided with weakening consumer and labor market data, while the economic drag and uncertainty from the ongoing government shutdown build. Now it's real? The shutdown has now halted fiscal flows into several sizable government benefits programs - a sudden onset of fiscal austerity that could have non-trivial disinflationary impacts. Snapping a three-week winning streak, the S&P 500 dipped 1.7%. REITs led as earnings season wrapped up with a handful of surprisingly solid reports from some unlikely leaders.

Seeking Alpha • Nov 9, 2025

14% Dividend Yield Is Not Enough

Dividends matter. So do losses. Look at a couple of charts and call it a day. Most people don't want to go through all the history, but we can sum up over a decade in a few images. When we compare prices and book value over time, we can see that the huge dividends were not enough. They still are not enough.

Seeking Alpha • Oct 31, 2025

Blackstone Mortgage Trust, Inc. (BXMT) Q3 2025 Earnings Call Transcript

Blackstone Mortgage Trust, Inc. ( BXMT ) Q3 2025 Earnings Call October 29, 2025 9:00 AM EDT Company Participants Timothy Hayes - Vice President of Shareholder Relations Katharine Keenan - CEO, President & Director Austin Pena Tony Marone - CFO, MD, Treasurer & Assistant Secretary Timothy Johnson - Chairman of the Board, Global Head of BREDS & Senior MD Conference Call Participants William Catherwood - BTIG, LLC, Research Division Harsh Hemnani Jade Rahmani - Keefe, Bruyette, & Woods, Inc., Research Division Douglas Harter - UBS Investment Bank, Research Division Richard Shane - JPMorgan Chase & Co, Research Division Donald Fandetti - Wells Fargo Securities, LLC, Research Division Presentation Operator Good day, and welcome to the Blackstone Mortgage Trust Third Quarter 2025 Investor Call. Today's call is being recorded.

Seeking Alpha • Oct 29, 2025

Blackstone Mortgage Trust Reports Third-Quarter 2025 Results

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its third-quarter 2025 results. The net income attributable to Blackstone Mortgage Trust for the quarter was $63.4 million. Third quarter EPS, Distributable EPS, Distributable EPS prior to charge-offs, and dividends paid per basic share were $0.37, $0.24, $0.48, and $0.47, respectively. Katie Keenan, Chief Executive Officer, said, “BXMT's third quarter results underscore the continued forward momentum across.

Business Wire • Oct 29, 2025