Equity (Tables)

6 Months Ended

Jun. 30, 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:

	Six Months Ended June 30,
Common Stock Outstanding(1)	2021		2020
Beginning balance		147,086,722		135,263,728
Issuance of class A common stock(2)		949		10,841,667
Issuance of restricted class A common stock, net(3)		234,838		351,333
Issuance of deferred stock units		21,374		21,077
Ending balance		147,343,883		146,477,805

(1)	Includes 328,065 and 281,143 deferred stock units held by members of our board of directors as of June 30, 2021 and 2020, respectively.
(2)	Includes 949 and 971 shares issued under our dividend reinvestment program during the six months ended June 30, 2021 and 2020, respectively.
(3)	The amounts are net of 28,971 and 249 shares of restricted class A common stock forfeited under our stock-based incentive plans during the six months ended June 30, 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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Dividends declared per share of common stock	$	0.62	$	0.62	$	1.24	$	1.24
Total dividends declared	$	91,150	$	90,642	$	182,309	$	174,562

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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Net income (loss)(1)	$	131,595	$	17,544	$	211,497	$	(35,808	)
Weighted-average shares outstanding, basic and diluted		147,342,822		138,299,418		147,339,895		136,959,341
Per share amount, basic and diluted	$	0.89	$	0.13	$	1.44	$	(0.26	)

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