Equity (Tables)

12 Months Ended

Dec. 31, 2018

Equity [Abstract]

Summary of Class A Common Stock Issuances

The following table details our issuance of class A common stock during the years ended December 31, 2018, 2017, and 2016 ($ in thousands, except share and per share data):

	Class A Common Stock Offerings
	2018(1)		2017		2016
Shares issued		14,566,743		12,420,000		—
Gross share issue price(2)	$	33.16	$	31.90	$	—
Net share issue price(3)	$	32.76	$	31.57	$	—
Net proceeds(4)	$	476,420	$	391,558	$	—

(1) Issuance includes 7.7 million shares issued under our at-the-market program, with a weighted average issue price of $33.66.

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

(3) Represents net proceeds per share after underwriting or sales discounts and commissions.

(4) 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)	2018		2017		2016
Beginning balance		108,081,077		94,709,290		93,843,847
Issuance of class A common stock(2)		14,568,431		12,421,401		1,070
Issuance of restricted class A common stock, net		983,447		922,196		836,867
Issuance of deferred stock units		31,622		28,190		27,506
Ending balance		123,664,577		108,081,077		94,709,290

(1) Includes deferred stock units held by members of our board of directors of 228,839, 197,217, and 169,027 as of December 31, 2018, 2017, and 2016, respectively.

(2) Includes 1,688, 1,401, and 1,070 shares issued under our dividend reinvestment program during the years ended December 31, 2018, 2017, and 2016, respectively.

Schedule of Dividend Activity

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

	Year Ended December 31,
	2018			2017			2016
Dividends declared per share of common stock	$	2.48		$	2.48		$	2.48
Percent taxable as ordinary dividends		99.70	%		97.20	%		92.77	%
Percent taxable as capital gain dividends		0.30	%		2.80	%		7.23	%
		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,
	2018		2017		2016
Net income(1)	$	285,078	$	217,631	$	238,297
Weighted-average shares outstanding, basic and diluted		113,857,238		95,963,616		94,165,351
Per share amount, basic and diluted	$	2.50	$	2.27	$	2.53

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