Equity (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31, 2019:

	Three Months Ended
	March 31, 2019
Shares issued (1)		1,909,628
Gross share issue price (2)	$	34.63
Net share issue price (3)	$	34.28
Net proceeds (4)	$	65,389

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

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

(3) Represents the weighted-average 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

	Three Months Ended March 31,
Common Stock Outstanding (1)	2019		2018
Beginning balance		123,664,577		108,081,077
Issuance of class A common stock (2)		1,909,909		455
Issuance of restricted class A common stock, net		320,903		309,775
Issuance of deferred stock units		7,964		7,871
Ending balance		125,903,353		108,399,178

(1) Includes deferred stock units held by members of our board of directors of 236,803 and 205,088 as of March 31, 2019 and 2018, respectively.

(2) Includes 281 and 455 shares issued under our dividend reinvestment program during the three months ended March 31, 2019 and 2018, respectively. 

Schedule of Dividend Activity

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

	Three Months Ended March 31,
	2019		2018
Dividends declared per share of common stock	$	0.62	$	0.62
Total dividends declared	$	77,913	$	67,066

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,
	2019		2018
Net income (1)	$	76,565	$	60,958
Weighted-average shares outstanding, basic and diluted		124,333,048		108,397,598
Per share amount, basic and diluted	$	0.62	$	0.56

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