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Equity (Tables)
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Summary of Class A Common Stock Issuances
The following table details our issuance of class A common stock during the years ended December 31, 2021, 2020, and 2019 ($ in thousands, except share and per share data):

 Class A Common Stock Offerings
 
2021(1)
2020(2)
2019(3)
Shares issued20,361,40810,840,69610,534,628
Gross / net issue price per share(4)
31.64 / 31.37
27.79 / 27.52
35.75 / 35.38
Net proceeds(5)
$638,005 $297,599 $372,341 
(1)Issuance includes 296,901 shares issued under our at-the-market program, with a weighted-average gross share issue price of $33.67.
(2)Includes 840,696 shares issued to our Manager in satisfaction of the management and incentive fees accrued in the first quarter of 2020, with a share issue price of $22.93. The per share price was calculated based on the volume-weighted average price on the NYSE of our class A common stock over the five trading days following our April 29, 2020 first quarter 2020 earnings conference call.
(3)Issuance includes 1.9 million shares issued under our at-the-market program, with a weighted-average gross share issue price of $34.63.
(4)Represents the gross price per share issued, as well as the net proceeds per share after underwriting or sales discounts and commissions.
(5)Net proceeds represent proceeds received from the underwriters less applicable transaction costs. Includes 19.3 million of net proceeds related to 840,696 shares issued to our Manager in satisfaction of the management and incentives fees accrued in the first quarter of 2020.
Schedule of Movement in Outstanding Shares of Class A Common Stock, Restricted Class A Common Stock and Deferred Stock Units
The following table details the movement in our outstanding shares of class A common stock, including restricted class A common stock and deferred stock units:
 Year Ended December 31,
Common Stock Outstanding(1)
202120202019
Beginning balance147,086,722135,263,728123,664,577
Issuance of class A common stock(2)
20,363,59210,842,74610,535,842
Issuance of restricted class A common stock, net(3)
1,036,175933,6231,032,082
Issuance of deferred stock units56,88146,62531,227
Ending balance168,543,370147,086,722135,263,728
(1)Includes 363,572, 306,691, and 260,066 deferred stock units held by members of our board of directors as of December 31, 2021, 2020, and 2019, respectively.
(2)Includes 2,184, 2,050, and 1,214 shares issued under our dividend reinvestment program during the years ended December 31, 2021, 2020, and 2019, respectively.
(3)Net of 29,580, 879, and 17,565 shares of restricted class A common stock forfeited under our stock-based incentive plans during the years ended December 31, 2021, 2020, and 2019, respectively. See Note 15 for further discussion of our stock-based incentive plans.
Schedule of Dividend Activity
The following table details our dividend activity ($ in thousands, except per share data):
 Year Ended December 31,
 202120202019
Dividends declared per share of common stock$2.48 $2.48 $2.48 
Percent taxable as ordinary dividends100.00 %100.00 %100.00 %
Percent taxable as capital gain dividends— %— %— %
 100.00 %100.00 %100.00 %
Schedule of Basic and Diluted Earnings Per Share, or EPS, Based on Weighted-Average of Both Restricted and Unrestricted Class A Common Stock Outstanding
The following table sets forth the calculation of basic and diluted net income per share of class A common stock based on the weighted-average of both restricted and unrestricted class A common stock outstanding ($ in thousands, except per share data):
 Year Ended December 31,
 202120202019
Net income(1)
$419,193 $137,670 $305,567 
Weighted-average shares outstanding, basic and diluted151,521,941141,795,977130,085,398
Per share amount, basic and diluted$2.77 $0.97 $2.35 
(1)Represents net income attributable to Blackstone Mortgage Trust.