Blackstone Mortgage Trust (BXMT)
NYSE Market Closed
Blackstone Mortgage Trust, Inc. is a real estate finance company that provides debt capital to owners and operators of commercial property. The company focuses primarily on senior loans backed by income-producing assets, with exposure across North America, Europe, and Australia. Its lending activity is tied to institutional-quality real estate, including property types and markets where experienced sponsors seek large-scale, flexible financing.
BXMT is externally managed by an affiliate of Blackstone, giving it access to the investment platform, market relationships, and real estate credit expertise of one of the world’s largest alternative asset managers. Its portfolio is built around floating-rate commercial mortgage loans, which means its earnings profile can be influenced by interest rate movements, borrower performance, property valuations, and refinancing conditions.
The company uses several funding channels to support its balance sheet and originate new investments. These include secured credit facilities, collateralized loan obligations, securitizations, loan syndications, participations, and other asset-level financing arrangements. This structure allows Blackstone Mortgage Trust to recycle capital and manage exposure while maintaining a focus on first-priority lending positions.
As a mortgage REIT, BXMT is distinct from property-owning real estate companies. Rather than collecting rent directly from tenants, it earns income primarily from interest on commercial real estate loans. Investors often follow the company for its dividend profile, credit quality, leverage, and sensitivity to commercial property cycles. Its performance is closely linked to the health of large real estate borrowers, liquidity in credit markets, and demand for financing in major commercial property markets.
Last updated
- Market Cap
- 3.04B
- P/E
- 29.32
- P/FCF
- 9.32
- P/S
- 1.96
- Enterprise Value
- 18.34B
- Sector
- Financials
- Industry
- Real Estate Investment Trusts
- Address
- 345 PARK AVENUE, NEW YORK, NY, 10154
Starwood Shares Have Struggled, but Catalysts Could Signal a Turn
3 Mortgage REITs Offering Double-Digit Dividend Yields in 2025
Fat Yields For Freedom
Midcap Financial (MFIC) Merger Gets CEF Stockholders' Approval
12% Dividend Yield Sure Beats 8%
M&T Bank (MTB) Arm Partners with BXMT on Agency MF Lending
Blackstone Mortgage: 8% On Bonds Beats 14% On The Stock
9%+ Yields For Bigger Income
Stay Away From The Traps: 3 'Sucker Yield' REITs To Avoid
10 REITs In Under 5 Minutes
Stagflation Is Back
Why Blackstone Mortgage (BXMT) Might Surprise This Earnings Season
AGNC Investment (AGNC) Surpasses Q1 Earnings Estimates
Blackstone Mortgage Trust (BXMT) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Why Blackstone Mortgage (BXMT) is Poised to Beat Earnings Estimates Again
Huge Disparity In These 2 REITs
New Strong Sell Stocks for April 10th
DigitalBridge Group (DBRG) Soars 6.4%: Is Further Upside Left in the Stock?
Rithm Capital's Updated Sector Comparative Analysis - Part 1 (Includes Recommendation For 19 Peers As Of 3/15/2024)
Arbor Realty: 13.3% 'Sucker Yield,' 3 Better Big-Dividend Strategies
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 3.04B
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 18.34B
- P/E
P/E ratio compares a company's share price to its earnings per share.
- 29.32
- P/B
P/B ratio compares a company's share price to its book value per share.
- 0.89
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 1.96
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 188.64
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 11.81
- EPS
- 0.61
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 10.68%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- 9.32
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 8.8
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- 326.04M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 3.03%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- 0.53%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 4.64
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- —
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- —
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- —
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 1.47M
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 18.01
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 380M | 394.26M | 379.77M | 398.58M | 369.18M |
| Gross profit | 159.26M | 159.32M | 132.71M | 133.85M | 126.95M |
| Operating income | -6.57M | 32.89M | 61M | 9.9M | 1.24M |
| EBITDA | -6.57M | 32.89M | 61M | 9.9M | 1.24M |
| Net income | -6.3M | 39.56M | 63.4M | 6.97M | -357K |
| Basic EPS | -0.04 | 0.23 | 0.37 | 0.04 | — |
| Diluted EPS | -0.04 | 0.23 | 0.37 | 0.04 | — |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 19.63B | 20B | 19.7B | 20.58B | 19.96B |
| Total liabilities | 16.21B | 16.5B | 16.1B | 16.96B | 16.27B |
| Total equity | 3.42B | 3.5B | 3.6B | 3.62B | 3.69B |
| Cash & equivalents | 549.15M | 452.53M | 377.92M | 388.05M | 668.56M |
| Current assets | 793.55M | 670.01M | 560.52M | 496.14M | 697.58M |
| Current liabilities | 0 | 0 | 0 | 50M | 101.67M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | 169.73M | 136.31M | -18.18M | 57.23M | 100.52M |
| Investing cash flow | 220.83M | -242.16M | 832.65M | -492.03M | 260.94M |
| Financing cash flow | -292.86M | 179.74M | -823.36M | 147.34M | -18.14M |
| Change in cash | 97.7M | 73.89M | -8.89M | -287.45M | 343.31M |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | 8-K — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 10-Q — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 8-K — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | DEF 14A — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | DEFA14A — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | ARS — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | SCHEDULE 13G — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| form 4 | Form 4 — Lynch Nnenna | View Filing | |
| form 4 | Form 4 — SAGALYN LYNNE B | View Filing | |
| form 4 | Form 4 — Cotton Leonard W | View Filing | |
| form 4 | Form 4 — NASSAU HENRY N | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| form 4 | Form 4 — Pena Fernando Austin | View Filing | |
| edgar index | SCHEDULE 13G/A — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 144 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 144 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| form 4 | Form 4 — URBASZEK MARCIN | View Filing | |
| edgar index | 10-K — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 8-K — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 8-K — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| form 4 | Form 4 — NASSAU HENRY N | View Filing | |
| form 4 | Form 4 — SAGALYN LYNNE B | View Filing | |
| form 4 | Form 4 — Cotton Leonard W | View Filing | |
| form 4 | Form 4 — Lynch Nnenna | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 144 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| form 4 | Form 4 — Pena Fernando Austin | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| form 4 | Form 4 — SAGALYN LYNNE B | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 144 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 144 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 144 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| form 4 | Form 4 — Marone Anthony F. JR | View Filing | |
| form 4 | Form 4 — URBASZEK MARCIN | View Filing | |
| form 4 | Form 4 — Marone Anthony F. JR | View Filing | |
| form 4 | Form 4 — URBASZEK MARCIN | View Filing | |
| form 4 | Form 4 — Johnson Timothy Steven | View Filing | |
| form 4 | Form 4 — Pena Fernando Austin | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 144 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 144 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| form 4 | Form 4 — Marone Anthony F. JR | View Filing | |
| edgar index | 3 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| form 3 | Form 3 — Pena Fernando Austin | View Filing | |
| edgar index | 10-Q — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 8-K — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 3 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| edgar index | 4 — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| form 3 | Form 3 — Hsu Chen Yi | View Filing | |
| edgar index | 8-K — BLACKSTONE MORTGAGE TRUST, INC. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — Hsu Chen Yi | View Filing |