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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income from loans and other investments        
Interest and related income $ 519,342 $ 358,557 $ 1,532,618 $ 876,676
Less: Interest and related expenses 353,972 202,375 1,015,718 439,708
Income from loans and other investments, net 165,370 156,182 516,900 436,968
Other expenses        
Management and incentive fees 28,882 25,911 92,747 76,462
General and administrative expenses 12,001 12,932 37,888 37,701
Total other expenses 40,883 38,843 130,635 114,163
Increase in current expected credit loss reserve (96,900) (12,248) (134,530) (22,694)
Gain on extinguishment of debt 4,541 0 4,541 0
Income before income taxes 32,128 105,091 256,276 300,111
Income tax provision 1,568 1,172 4,663 2,064
Net income 30,560 103,919 251,613 298,047
Net income attributable to non-controlling interests (1,036) (673) (2,681) (1,864)
Net income attributable to Blackstone Mortgage Trust, Inc. $ 29,524 $ 103,246 $ 248,932 $ 296,183
Net income per share of common stock        
Basic (in dollars per share) $ 0.17 $ 0.60 $ 1.44 $ 1.74
Diluted (in dollars per share) $ 0.17 $ 0.59 $ 1.44 $ 1.71
Weighted-average shares of common stock outstanding        
Basic (in shares) 172,648,118 170,971,874 172,620,799 170,303,470
Diluted (in shares) 172,648,118 185,316,078 180,891,859 182,011,842