net income -$81.2M. Blackstone Mortgage Trust swings to loss as office loans sour

Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 30, 2025 · ~1 min read

Key Changes

• high

  Net loss of $81.2M, or $0.48 per share, versus a $0.04 per-share profit a year ago.

  MD&A: Headline earnings verify on EDGAR →
• high

  CECL reserves jumped $106.2M, driven by three newly impaired office loans totaling $502M.

  MD&A: CECL reserves verify on EDGAR →
• medium

  Loan portfolio shrank to $17.4B from $19.9B, with originations down 54% to $1.2B.

  MD&A: Loan portfolio verify on EDGAR →