NYSE: BXMT
BLACKSTONE MORTGAGE TRUST, INC.CIK 0001061630 · SIC 6798 · Real Estate Investment Trusts
Mega by assets
Assets $19.4B
as of Aug 23, 2026
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8-K
Filed Jul 30, 2026
· Period ending Jul 30, 2026
Summary not yet generated.
10-Q
Filed Jul 30, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
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8-K
Filed Jun 26, 2026
· Period ending Jun 26, 2026
Summary not yet generated.
8-K
Filed May 19, 2026
· Period ending May 19, 2026
BXMT closes $450M senior secured notes at 6.250% due 2031, proceeds to pay down debt
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8-K
Filed May 6, 2026
· Period ending May 5, 2026
Summary not yet generated.
10-Q
Filed Apr 29, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
8-K
Filed Apr 29, 2026
· Period ending Apr 29, 2026
Summary not yet generated.
10-K
Filed Feb 11, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-Q
Filed Oct 29, 2025
· Period ending Sep 30, 2025
Summary not yet generated.
424B5
Filed Jul 30, 2025
Summary not yet generated.
424B5
Filed Jul 30, 2025
Summary not yet generated.
10-K
Filed Feb 12, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
Latest financial statements
From 10-Q filed Jul 30, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
(in thousands, except share and per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Income from loans and other investments | ||||
| Interest and related income | 309,748 | 359,537 | 615,305 | 691,594 |
| Less: Interest and related expenses | 227,182 | 264,727 | 447,918 | 506,960 |
| Income from loans and other investments, net | 82,566 | 94,810 | 167,387 | 184,634 |
| Revenue from owned real estate | 75,497 | 38,812 | 150,091 | 75,845 |
| Total net revenue | 158,063 | 133,622 | 317,478 | 260,479 |
| Expenses | ||||
| Management and incentive fees | 14,641 | 17,036 | 29,454 | 34,271 |
| General and administrative expenses | 14,918 | 13,526 | 28,899 | 26,190 |
| Expenses from owned real estate | 81,440 | 47,796 | 163,415 | 94,098 |
| Total expenses | 110,999 | 78,358 | 221,768 | 154,559 |
| Increase in current expected credit loss reserve | (134,403) | (45,593) | (189,458) | (95,098) |
| Income (loss) from unconsolidated entities | 8,570 | (2,015) | 9,953 | (2,889) |
| Net loss on disposition of owned real estate | — | — | (160) | — |
| Other income, net | 3 | 231 | 7 | 321 |
| (Loss) income before income taxes | (78,766) | 7,887 | (83,948) | 8,254 |
| Income tax provision | 2,501 | 903 | 3,659 | 1,621 |
| Net (loss) income | (81,267) | 6,984 | (87,607) | 6,633 |
| Net loss (income) attributable to non-controlling interests | 45 | (15) | 88 | (21) |
| Net (loss) income attributable to Blackstone Mortgage Trust, Inc. | (81,222) | 6,969 | (87,519) | 6,612 |
| Net (loss) income per share of common stock, basic and diluted | (0.48) | 0.04 | (0.52) | 0.04 |
| Weighted-average shares of common stock outstanding, basic and diluted | 168,964,515 | 171,893,905 | 169,021,130 | 171,949,090 |
Consolidated Balance Sheets (Unaudited)
(in thousands, except share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | 432,833 | 452,526 |
| Loans receivable | 17,334,730 | 18,069,134 |
| Current expected credit loss reserve | (397,835) | (284,440) |
| Loans receivable, net | 16,936,895 | 17,784,694 |
| Owned real estate, net | 1,296,989 | 1,134,975 |
| Investments in unconsolidated entities (includes $136,158 and $111,010 at fair value as of June 30, 2026 and December 31, 2025, respectively) | 322,060 | 217,488 |
| Other assets | 415,265 | 413,263 |
| Total Assets | 19,404,042 | 20,002,946 |
| Liabilities and Equity | ||
| Secured debt, net | 8,708,944 | 10,117,292 |
| Securitized debt obligations, net | 2,732,964 | 2,139,719 |
| Asset-specific debt, net | 971,305 | 997,746 |
| Term loans, net | 1,878,562 | 1,808,000 |
| Senior secured notes, net | 1,217,499 | 784,876 |
| Convertible notes, net | 265,310 | 264,745 |
| Other liabilities | 364,871 | 386,178 |
| Total Liabilities | 16,139,455 | 16,498,556 |
| Commitments and contingencies (Note 21) | ||
| Equity | ||
| Class A common stock, $0.01 par value, 400,000,000 shares authorized, 168,543,591 and 168,259,023 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 1,685 | 1,683 |
| Additional paid-in capital | 5,440,390 | 5,430,542 |
| Accumulated other comprehensive income | 11,234 | 12,113 |
| Accumulated deficit | (2,191,769) | (1,945,428) |
| Total Blackstone Mortgage Trust, Inc. stockholders’ equity | 3,261,540 | 3,498,910 |
| Non-controlling interests | 3,047 | 5,480 |
| Total Equity | 3,264,587 | 3,504,390 |
| Total Liabilities and Equity | 19,404,042 | 20,002,946 |
Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net (loss) income | (87,607) | 6,633 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities | ||
| Non-cash compensation expense | 13,362 | 14,268 |
| Amortization of deferred fees on loans | (34,353) | (26,838) |
| Amortization of deferred financing costs and premiums/discounts on debt obligations | 18,347 | 18,962 |
| Payment-in-kind interest, net of interest received | (9,049) | (8,450) |
| Increase in current expected credit loss reserve | 189,458 | 95,098 |
| Straight-line rental income | (4,036) | (1,716) |
| Depreciation and amortization of owned real estate | 41,197 | 32,918 |
| Net loss on disposition of owned real estate | 160 | — |
| (Income) loss from unconsolidated entities | (9,953) | 2,889 |
| Distributions of earnings from unconsolidated entities | 16,078 | — |
| Unrealized loss on derivative financial instruments, net | 3,288 | 3,024 |
| Realized gain on derivative financial instruments, net | (10,764) | (10,634) |
| Changes in assets and liabilities, net | ||
| Other assets | 112,315 | 27,313 |
| Other liabilities | (3,503) | 4,282 |
| Net cash provided by operating activities | 234,940 | 157,749 |
| Cash flows from investing activities | ||
| Principal fundings of loans receivable | (1,449,551) | (3,440,030) |
| Principal collections, sales proceeds, and cost-recovery proceeds from loans receivable | 1,794,016 | 3,408,253 |
| Origination and other fees received on loans receivable | 22,058 | 30,475 |
| Investment in debt securities | (66,650) | — |
| Payments under derivative financial instruments | (48,412) | (127,982) |
| Receipts under derivative financial instruments | 25,859 | 94,364 |
| Collateral deposited under derivative agreements | (135,830) | (343,500) |
| Return of collateral deposited under derivative agreements | 157,850 | 261,890 |
| Investment in unconsolidated entities | (136,041) | (107,712) |
| Return of capital from unconsolidated entities | 26,534 | — |
| Proceeds from disposition of owned real estate | 15,148 | — |
| Capital expenditures on owned real estate | (18,958) | (6,846) |
| Net cash provided by (used in) investing activities | 186,023 | (231,088) |
| Cash flows from financing activities | ||
| Borrowings under secured debt | 1,434,395 | 2,525,536 |
| Repayments under secured debt | (2,781,133) | (2,072,147) |
| Proceeds from issuance of securitized debt obligations | 880,000 | 831,250 |
| Repayments of securitized debt obligations | (275,561) | (169,926) |
| Borrowings under asset-specific debt | 26,322 | 230,699 |
| Repayments under asset-specific debt | (48,000) | (936,274) |
| Repayments of loan participations | — | (54,028) |
| Net proceeds from term loan borrowings | 72,117 | — |
| Repayments and repurchases of term loans | (4,810) | (3,690) |
| Proceeds from issuance of senior secured notes | 450,000 | — |
| Payment of deferred financing costs | (27,416) | (28,541) |
| Distributions to non-controlling interests | (2,345) | (137) |
| Dividends paid on class A common stock | (158,363) | (161,856) |
| Repurchases of class A common stock | (3,836) | (31,686) |
| Net cash (used in) provided by financing activities | (438,630) | 129,200 |
| Net (decrease) increase in cash and cash equivalents | (17,667) | 55,861 |
| Cash and cash equivalents at beginning of period | 452,526 | 323,483 |
| Effects of currency translation on cash and cash equivalents | (2,026) | 8,705 |
| Cash and cash equivalents at end of period | 432,833 | 388,049 |
| Supplemental disclosure of cash flows information | ||
| Payments of interest | (426,789) | (483,544) |
| Payments of income taxes | (5,308) | (1,748) |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Dividends declared, not paid | (79,215) | (80,649) |
| Loan principal payments held by servicer, net | 3,874 | 91,996 |
| Transfer of senior loans to owned real estate | 180,416 | 34,721 |
| Assumption of other assets and liabilities related to owned real estate | 10,572 | 10,323 |
| Accrued capital expenditures on owned real estate | 312 | — |
Amounts as printed on the EDGAR/iXBRL face — (in thousands, except share and per share data); (in thousands, except share data); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗