Equity (Tables)

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Summary of Class A Common Stock Issuances

The following table details our issuances of class A common stock during the nine months ended September 30, 2014 ($ in thousands, except per share data):

	Class A Common Stock Offerings						2014 Total /
	January 2014		April 2014		September 2014		Wtd.-Avg.
Shares Issued		9,775,000		9,200,000		9,200,000		28,175,000
Issue Price(1)	$	26.25	$	27.72	$	27.49	$	27.13
Net Proceeds(2)	$	256,092	$	254,758	$	252,555	$	763,405

(1) Represents price per share paid to the underwriters.

(2) Net proceeds represents proceeds received from the underwriters less applicable transaction costs.

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, restricted class A common stock, and deferred stock units:

	Nine Months Ended September 30,
Common Stock Outstanding(1)	2014		2013
Beginning balance		29,602,884		3,016,407
Issuance of class A common stock		28,175,003		25,875,000
Issuance of deferred stock units		15,104		6,758
Ending balance		57,792,991		28,898,165

(1) Deferred stock units held by members of our board of directors totalled 113,486 and 96,514 as of September 30, 2014 and 2013, respectively.

Schedule of Calculation of Basic and Diluted Earnings Per Share of Class A Common Stock 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 earnings per share based on the weighted-average of our shares of class A common stock, restricted class A common stock, and deferred stock units outstanding ($ in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Net income(1)	$	22,024	$	8,320	$	68,555	$	7,953
Weighted-average shares outstanding,basic and diluted		49,211,205		28,894,515		45,093,314		14,865,530
Per share amount, basic and diluted	$	0.45	$	0.29	$	1.52	$	0.53

(1) Represents net income attributable to Blackstone Mortgage Trust, Inc.