Equity (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Summary of Class A Common Stock Issuances

The following table details our issuance of class A common stock during the year ended December 31, 2015 ($ in thousands, except share and per share data):

	Class A Common Stock Offerings						2015 Total / Wtd.-Avg.
	April 2015		May 2015(1)		June 2015
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 program.

(2) Represents price per share paid by the underwriters or sales agents, as applicable.

(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:

	Year Ended December 31,
Common Stock Outstanding(1)	2016		2015		2014
Beginning balance		93,843,847		58,388,808		29,602,884
Issuance of class A common stock(2)		1,070		34,780,622		28,275,006
Issuance of restricted class A common stock, net		836,867		651,815		490,381
Issuance of deferred stock units		27,506		22,602		20,537
Ending balance		94,709,290		93,843,847		58,388,808

(1) Deferred stock units held by members of our board of directors totaled 169,027, 141,521, and 118,919 as of December 31, 2016, 2015, and 2014, respectively.

(2) Includes issuance of 1,070, 597, and six shares under our dividend reinvestment program during the years ended December 31, 2016, 2015, and 2014, respectively.

Schedule of Dividend Activity

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

	Year Ended December 31,
	2016			2015			2014
Dividends declared per share of common stock	$	2.48		$	2.28		$	1.98
Percent taxable as ordinary dividends		92.77	%		92.36	%		99.52	%
Percent taxable as capital gain dividends		7.23	%		7.64	%		0.48	%
		100.0	%		100.0	%		100.0	%

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):

	Year Ended December 31,
	2016		2015		2014
Net income(1)	$	238,297	$	196,829	$	90,045
Weighted-average shares outstanding, basic and diluted		94,165,351		81,740,227		48,394,478
Per share amount, basic and diluted	$	2.53	$	2.41	$	1.86

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