Equity (Tables)

3 Months Ended

Mar. 31, 2017

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:


	Three Months Ended March 31,
Common Stock Outstanding⁽¹⁾	2017		2016
Beginning balance		94,709,290		93,843,847
Issuance of class A common stock⁽²⁾		270		285
Issuance of restricted class A common stock, net		277,815		209,798
Issuance of deferred stock units		6,415		7,322

Ending balance		94,993,790		94,061,252

(1)

Includes deferred stock units held by members of our board of directors of 175,442 and 148,843 as of March 31, 2017 and 2016, respectively.

(2)

Consists of 270 and 285 shares under our dividend reinvestment program during the three months ended March 31, 2017 and 2016, respectively.

Schedule of Dividend Activity

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


	Three Months Ended March 31,
	2017		2016
Dividends declared per share of common stock	$	0.62	$	0.62
Total dividends declared	$	58,787	$	58,226

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 March 31,
	2017		2016
Net income⁽¹⁾	$	51,405	$	57,047
Weighted-average shares outstanding, basic and diluted		94,993,386		94,067,769

Per share amount, basic and diluted	$	0.54	$	0.61


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