Equity (Tables)

3 Months Ended

Mar. 31, 2018

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⁾	2018		2017
Beginning balance		108,081,077		94,709,290
Issuance of class A common stock⁽²⁾		455		270
Issuance of restricted class A common stock, net		309,775		277,815
Issuance of deferred stock units		7,871		6,415

Ending balance		108,399,178		94,993,790

(1)

Includes deferred stock units held by members of our board of directors of 205,088 and 175,442 as of March 31, 2018 and 2017, respectively.

(2)

Includes 455 and 270 shares issued under our dividend reinvestment program during the three months ended March 31, 2018 and 2017, respectively.

Schedule of Dividend Activity

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


	Three Months Ended March 31,
	2018		2017
Dividends declared per share of common stock	$	0.62	$	0.62
Total dividends declared	$	67,066	$	58,787

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,
	2018		2017
Net income⁽¹⁾	$	60,958	$	51,405
Weighted-average shares outstanding, basic and diluted		108,397,598		94,993,386

Per share amount, basic and diluted	$	0.56	$	0.54


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