Summary of Quarterly Results of Operations

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Results of Operations

22. SUMMARY OF QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2013, 2012, and 2011 ($ in thousands except per share data):

	March 31			June 30			September 30		December 31
2013
Revenues(1)	$	1,456		$	6,017		$	18,853	$	26,837
Net (loss) income	$	(1,597	)	$	6,768		$	10,526	$	9,728
Net (loss) income attributable to
Blackstone Mortgage Trust, Inc.	$	(3,115	)	$	2,748		$	8,320	$	7,079
Net (loss) income per share of class A common stock:
Basic	$	(1.03	)	$	0.22		$	0.29	$	0.24
Diluted	$	(1.03	)	$	0.22		$	0.29	$	0.24
2012
Revenues(1)	$	14,716		$	6,763		$	6,944	$	6,517
Net income	$	140,622		$	3,351		$	12,900	$	122,931
Net income attributable to
Blackstone Mortgage Trust, Inc.	$	66,553		$	2,283		$	6,999	$	105,189
Net income per share of class A common stock:
Basic	$	29.14		$	1.00		$	3.02	$	42.21
Diluted	$	27.39		$	0.93		$	2.84	$	40.65
2011
Revenues(1)	$	36,991		$	32,553		$	25,642	$	21,975
Net income (loss)	$	253,917		$	6,224		$	8,256	$	(16,078	)
Net income (loss) attributable to
Blackstone Mortgage Trust, Inc.	$	254,585		$	(1,845	)	$	13,722	$	(8,320	)
Net income (loss) per share of class A common stock:
Basic	$	113.47		$	(0.81	)	$	6.04	$	(3.66	)
Diluted	$	110.36		$	(0.81	)	$	5.69	$	(3.66	)

(1) Excludes revenues from discontinued operations.

Basic and diluted earnings per share are computed independently based on the weighted-average shares of common stock and stock units outstanding for each period. Accordingly, the sum of the quarterly earnings per share amounts may not agree to the total for the year. Earnings per share amounts have been adjusted to give retroactive effect to the reverse stock split, which we effected on May 6, 2013. See Note 13 for a further discussion of earnings per share.