Equity (Tables)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Summary of Class A Common Stock Issuances

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

	Class A Common Stock Offerings						2015 Total /
	April 2015		May 2015(1)		June 2015		Wtd. Avg.
Shares issued		23,000,000		280,025		11,500,000		34,780,025
Share issue price(2)	$	29.75	$	29.97	$	29.42	$	29.64
Net proceeds(3)	$	683,722	$	7,895	$	337,918	$	1,029,535

(1) Issuance represents 280,025 shares issued over a five-day period in May 2015 under our at-the-market stock offering program, with a weighted average issue price of $29.97.

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

(3) 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, including restricted class A common stock and deferred stock units:

	Nine Months Ended September 30,
Common Stock Outstanding(1)	2015		2014
Beginning balance		58,388,808		29,602,884
Issuance of class A common stock		34,780,443		28,175,003
Issuance of restricted class A common stock, net		162,531		—
Issuance of deferred stock units		16,288		15,104
Ending balance		93,348,070		57,792,991

(1) Deferred stock units held by members of our board of directors totaled 135,207 and 113,486 as of September 30, 2015 and 2014, respectively.

Schedule of Dividend Activity

                       The follow table details our dividend activity:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Dividends declared per share of common stock	$	0.62	$	0.50	$	1.66	$	1.46

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				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Net income(1)	$	66,888	$	22,024	$	131,564	$	68,555
Weighted-average shares outstanding, basic and diluted		93,357,960		49,211,205		77,752,247		45,093,314
Per share amount, basic and diluted	$	0.72	$	0.45	$	1.69	$	1.52

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