Equity (Tables)

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Summary of Class A Common Stock Issuances

The following table details our issuance of class A common stock during the six months ended June 30, 2015 ($ in thousands, except share and per share data):

	Class A Common Stock Offerings						2015 Total / Wtd. Avg.
	April 2015		May 2015(3)		June 2015
Shares issued		23,000,000		280,025		11,500,000		34,780,025
Share issue price(1)	$	29.75	$	29.97	$	29.42	$	29.64
Net proceeds(2)	$	683,727	$	7,895	$	337,935	$	1,029,557

(1) Represents price per share paid by the underwriters or sales agents, as applicable, after underwriting or sales discounts and commissions.

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

(3) Issuance represents 280,025 shares issued over a five-day period in May 2015 under our at-the-market program, with a weighted average issue price of $29.97, and generating net proceeds of $7.9 million after allocable expenses.

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:

	Six Months Ended June 30,
Common Stock Outstanding(1)	2015		2014
Beginning balance		58,388,808		29,602,884
Issuance of class A common stock		34,780,298		18,975,001
Issuance of restricted class A common stock, net		179,799		—
Issuance of deferred stock units		10,665		10,009
Ending balance		93,359,570		48,587,894

(1) Deferred stock units held by members of our board of directors totalled 129,584 and 106,188 as of June 30, 2015 and 2014, respectively.

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 for the indicated periods ($ in thousands, except per share data):

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Net income(1)	$	29,284	$	33,466	$	64,679	$	46,531
Weighted-average shares outstanding, basic and diluted		80,940,535		47,977,813		69,820,061		43,000,242
Per share amount, basic and diluted	$	0.36	$	0.70	$	0.93	$	1.08

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