Equity (Tables)

6 Months Ended

Jun. 30, 2018

Equity [Abstract]

Summary of Class A Common Stock Issuances

The following table details our issuance of class A common stock during the three months ended June 30, 2018 ($ in thousands, except share and per share data):

	Three Months Ended June 30, 2018
Shares issued(1)		3,251,449
Share issue price(2)	$	32.13
Net proceeds(3)	$	102,496

(1) Issuance represents shares issued under our at-the-market program.

(2) Represents the weighted-average price per share paid by the sales agents. Net proceeds after sales discounts and commissions were $31.57 per share.

(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:

	Six Months Ended June 30,
Common Stock Outstanding(1)	2018		2017
Beginning balance		108,081,077		94,709,290
Issuance of class A common stock(2)		3,252,325		543
Issuance of restricted class A common stock, net		305,703		286,773
Issuance of deferred stock units		15,919		12,904
Ending balance		111,655,024		95,009,510

(1) Includes deferred stock units held by members of our board of directors of 213,136 and 181,931 as of June 30, 2018 and 2017, respectively.

(2) Includes 876 and 543 shares issued under our dividend reinvestment program during the six months ended June 30, 2018 and 2017, respectively.

Schedule of Dividend Activity

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Dividends declared per share of common stock	$	0.62	$	0.62	$	1.24	$	1.24
Total dividends declared	$	69,094	$	58,793	$	136,174	$	117,580

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 June 30,				Six Months Ended June 30,
	2018		2017		2018		2017
Net income(1)	$	72,312	$	50,613	$	133,271	$	102,018
Weighted-average shares outstanding, basic and diluted		109,069,078		95,005,873		108,735,193		94,999,664
Per share amount, basic and diluted	$	0.66	$	0.53	$	1.23	$	1.07

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