Professional
Added to YB: 2023-12-07
Pitch date: 2023-12-07
BXMT [bearish]
Blackstone Mortgage Trust, Inc.
-23.12%
current return
Author Info
Muddy Waters Research is a short seller that peels back the layers, often built up by seemingly respected but sycophantic law firms, auditors, and venal managements. Sign up for the newsletter.
Company Info
Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia.
Market Cap
$3.1B
Pitch Price
$16.76
Price Target
N/A
Dividend
10.16%
EV/EBITDA
N/A
P/E
29.73
EV/Sales
N/A
Sector
Mortgage Real Estate Investment Trusts (REITs)
Category
turnaround
Blackstone Mortgage Trust, Inc. (BXMT) - Here Comes the Cliff!
MW short $BXMT: $16B rate swaps expiring, CRE crash coming as stressed borrowers default on underwater IO loans. 70-75% can't cover interest, -55-85% dividend cut, $2.5-4.5B loss may exceed $4B mkt cap. Accuse hiding risk & losses to fool investors. Red flags in 37 CLO loans.
Read full article (1 min)