Equity (Tables)

3 Months Ended

Mar. 31, 2021

Equity [Abstract]

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)	2021		2020
Beginning balance		147,086,722		135,263,728
Issuance of class A common stock(2)		515		325
Issuance of restricted class A common stock, net(3)		250,536		351,333
Issuance of deferred stock units		11,437		7,983
Ending balance		147,349,210		135,623,369

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(1)	Includes 318,128 and 268,049 deferred stock units held by members of our board of directors as of March 31, 2021 and 2020, respectively.
(2)	Represents 515 and 325 shares issued under our dividend reinvestment program during the three months ended March 31, 2021 and 2020, respectively.
(3)	Includes 13,273 and 249 shares of restricted class A common stock forfeited under our stock-based incentive plans during the three months ended March 31, 2021 and 2020, respectively. See Note 14 for further discussion of our stock-based incentive plans.

Schedule of Dividend Activity

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

	Three Months Ended March 31,
	2021		2020
Dividends declared per share of common stock	$	0.62	$	0.62
Total dividends declared	$	91,159	$	83,920

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 (loss) 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,
	2021		2020
Net income (loss)(1)	$	79,902	$	(53,350	)
Weighted-average shares outstanding, basic and diluted		147,336,936		135,619,264
Per share amount, basic and diluted	$	0.54	$	(0.39	)

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