Blackstone Mortgage Trust
Thesis
Blackstone Mortgage Trust is a new real estate finance company that trades at 113% of book value and yields 6.43%, which is considered a reasonable risk given the current market conditions.
Did it work?
inconclusive
confidence: low
The pitch is a valuation/income thesis (long BXMT at 113% of book with a 6.43% yield) rather than an event-driven call, and no price performance or time elapsed is provided. Without price data, there is no way to assess whether the stock delivered the expected total return or whether the premium-to-book and yield held up. No specific thesis catalyst can be confirmed or invalidated, so the outcome cannot be judged.