Blackstone Mortgage Trust
BXMT
position
long
Jim Grant
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
Without specific price performance data or a defined time horizon for the thesis, it's unclear whether the investment thesis has played out. The assessment of Blackstone Mortgage Trust's valuation and yield remains valid, but without further information, we cannot determine the outcome of the investment. Therefore, the confidence in this evaluation is low.
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