Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q4 2023 Earnings Call Transcript

Arren Cyganovich: Okay. Got it. And then you have a couple of risk-rated five loans that matured in January. Are those some of the loans that you’re going to be realizing losses on in the first half or were those modified?

Katie Keenan: Yes. I mean, I wouldn’t read much into the maturity dates of the impaired loans. I mean, those loans obviously are already impaired. We don’t recognize income. They’re really in the category of we’re just working them out for the best recovery over time. I think maybe one or two of them might have co-terminus maturities, but we’re in work out on the impaired loans and the maturity dates themselves are not particularly meaningful. Not particularly impactful in terms of our disposition. We’re just going to do the disposition on the timeline that we think maximizes recovery.

Operator: Thank you. At this time, I would like to turn the call back over to Mr. Tim Hayes for any additional or closing remarks.

Timothy Hayes: Thanks, Katie, and to everyone for joining today’s call. Please feel free to reach out with any questions.