Equity (Tables)

9 Months Ended

Sep. 30, 2016

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⁾	2016		2015
Beginning balance		93,843,847		58,388,808
Issuance of class A common stock		812		34,780,443
Issuance of restricted class A common stock, net		209,798		162,531
Issuance of deferred stock units		20,850		16,288

Ending balance		94,075,307		93,348,070

(1)

Deferred stock units held by members of our board of directors totaled 162,371 and 135,207 as of September 30, 2016 and 2015, respectively.

Schedule of Dividend Activity

The following table details our dividend activity ($ in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Dividends declared per share of common stock	$	0.62	$	0.62	$	1.86	$	1.66
Total dividends declared	$	58,226	$	57,800	$	174,678	$	136,674

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 ($ in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Net income⁽¹⁾	$	64,794	$	66,888	$	184,921	$	131,564
Weighted-average shares outstanding, basic and diluted		94,071,537		93,357,960		94,067,923		77,752,247

Per share amount, basic and diluted	$	0.69	$	0.72	$	1.97	$	1.69

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