Equity (Tables)

9 Months Ended

Sep. 30, 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:


	Nine Months Ended September 30,
Common Stock Outstanding⁽¹⁾	2017		2016
Beginning balance		94,709,290		93,843,847
Issuance of class A common stock⁽²⁾		971		812
Issuance of restricted class A common stock, net		286,773		209,798
Issuance of deferred stock units		20,560		20,850

Ending balance		95,017,594		94,075,307


(1)		Includes deferred stock units held by members of our board of directors of 189,587 and 162,371 as of September 30, 2017 and 2016, respectively.
(2)		Consists of 971 and 812 shares issued under our dividend reinvestment program during the nine months ended September 30, 2017 and 2016, 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,
	2017		2016		2017		2016
Dividends declared per share of common stock	$	0.62	$	0.62	$	1.86	$	1.86
Total dividends declared	$	58,793	$	58,226	$	176,374	$	174,678

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,
	2017		2016		2017		2016
Net income⁽¹⁾	$	57,722	$	64,794	$	159,741	$	184,921
Weighted-average shares outstanding, basic and diluted		95,013,087		94,071,537		95,004,188		94,067,923

Per share amount, basic and diluted	$	0.61	$	0.69	$	1.68	$	1.97

(1)

Represents net income attributable to Blackstone Mortgage Trust, Inc.