8-K Announcements
6Apr 29, 2026·SEC
Feb 11, 2026·SEC
Feb 11, 2026·SEC
Blackstone Mortgage Trust, Inc. (BXMT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Blackstone Mortgage Trust, Inc. (BXMT) stock price & volume — 10-year historical chart
Blackstone Mortgage Trust, Inc. (BXMT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Blackstone Mortgage Trust, Inc. (BXMT) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.49vs $0.38+28.9% | $159Mvs $119M+34.1% |
| Q1 2026 | Feb 11, 2026 | $0.51vs $0.22+131.8% | $84Mvs $126M-33.3% |
| Q4 2025 | Oct 29, 2025 | $0.24vs $0.19+26.3% | $133Mvs $108M+22.6% |
| Q3 2025 | Jul 30, 2025 | $0.19vs $0.20-5.0% | $134Mvs $95M+41.2% |
Blackstone Mortgage Trust, Inc. (BXMT) competitors in Commercial mortgage loan REITs — business model, growth, and fundamentals comparison
Blackstone Mortgage Trust, Inc. (BXMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Blackstone Mortgage Trust, Inc. (BXMT) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 537.08M | 756.67M | 882.87M | 775.79M | 847.73M | 1.32B | 2.01B | 1.77B | 1.52B | 1.54B |
| Revenue Growth % | 8.03% | 40.89% | 16.68% | -12.13% | 9.27% | 55.6% | 52.6% | -12.18% | -13.96% | -6.97% |
| Property Operating Expenses | 54.84M | 74.83M | 78.44M | 77.92M | 88.47M | 110.29M | 119.09M | 119.06M | 351.97M | 574.93M |
| Net Operating Income (NOI) | 482.24M▲ 0% | 681.84M▲ 41.4% | 804.44M▲ 18.0% | 697.88M▼ 13.2% | 759.26M▲ 8.8% | 1.21B▲ 59.2% | 1.89B▲ 56.7% | 1.65B▼ 12.9% | 1.17B▼ 29.1% | 960.53M▲ 0% |
| NOI Margin % | 89.79% | 90.11% | 91.12% | 89.96% | 89.56% | 91.64% | 94.08% | 93.27% | 76.86% | 62.56% |
| Operating Expenses | 263.96M | 395.72M | 497.55M | 214.02M | 3.26M | 243.75M | 275.5M | 559.73M | 79.29M | 64.84M |
| G&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.79M |
| EBITDA | 451.87M | 646.33M | 766.68M | 483.86M | 756M | 965.06M | 1.62B | 1.1B | 1.16B | 948.31M |
| EBITDA Margin % | 84.13% | 85.42% | 86.84% | 62.37% | 89.18% | 73.16% | 80.63% | 62.14% | 76.17% | 61.76% |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.41M | 68.84M | 52.63M |
| D&A / Revenue % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.53% | 4.53% | 3.43% |
| Operating Income | 218.28M▲ 0% | 286.12M▲ 31.1% | 306.89M▲ 7.3% | 483.86M▲ 57.7% | 756M▲ 56.2% | 965.06M▲ 27.7% | 1.62B▲ 67.7% | 1.09B▼ 32.7% | 1.09B▲ 0.1% | 895.68M▲ 0% |
| Operating Margin % | 40.64% | 37.81% | 34.76% | 62.37% | 89.18% | 73.16% | 80.4% | 61.6% | 71.65% | 58.33% |
| Interest Expense | 234.87M | 359.63M | 458.5M | 347.47M | 340.22M | 710.9M | 1.37B | 1.29B | 988.95M | 4M |
| Interest Coverage | 1.92x | 1.80x | 1.67x | 1.39x | 2.22x | 1.36x | 1.19x | 0.85x | 1.11x | - |
| Non-Operating Income | -233.59M | -360.21M | -459.8M | 0 | 0 | 0 | -4.62M | -2.6M | -8.31M | -9.18M |
| Pretax Income | 218.28M▲ 0% | 286.12M▲ 31.1% | 306.89M▲ 7.3% | 140.74M▼ 54.1% | 422.7M▲ 200.3% | 254.06M▼ 39.9% | 255.26M▲ 0.5% | -199.46M▼ 178.1% | 113.34M▲ 156.8% | 107.79M▲ 0% |
| Pretax Margin % | 40.64% | 37.81% | 34.76% | 18.14% | 49.86% | 19.26% | 12.68% | -11.28% | 7.45% | 7.02% |
| Income Tax | 314K | 308K | -506K | 323K | 423K | 3M | 5.36M | 2.37M | 3.67M | 4.11M |
| Effective Tax Rate % | 0.14% | 0.11% | -0.16% | 0.23% | 0.1% | 1.18% | 2.1% | -1.19% | 3.24% | 3.81% |
| Net Income | 217.63M▲ 0% | 285.08M▲ 31.0% | 305.57M▲ 7.2% | 137.67M▼ 54.9% | 419.19M▲ 204.5% | 248.64M▼ 40.7% | 246.56M▼ 0.8% | -204.09M▼ 182.8% | 109.57M▲ 153.7% | 103.63M▲ 0% |
| Net Margin % | 40.52% | 37.68% | 34.61% | 17.75% | 49.45% | 18.85% | 12.25% | -11.54% | 7.2% | 6.75% |
| Net Income Growth % | -8.67% | 30.99% | 7.19% | -54.95% | 204.49% | -40.69% | -0.84% | -182.78% | 153.69% | 228.56% |
| Funds From Operations (FFO) | 217.63M▲ 0% | 285.08M▲ 31.0% | 247.64M▼ 13.1% | 80.83M▼ 67.4% | 350.29M▲ 333.4% | 166.89M▼ 52.4% | 246.56M▲ 47.7% | -194.68M▼ 179.0% | 178.41M▲ 191.6% | 216.74M▲ 0% |
| FFO Margin % | 40.52% | 37.68% | 28.05% | 10.42% | 41.32% | 12.65% | 12.25% | -11.01% | 11.73% | 14.12% |
| FFO Growth % | - | - | - | -67.36% | 333.39% | -52.36% | - | - | 191.64% | 414.24% |
| FFO per Share | 2.27 | 2.50 | 1.90 | 0.57 | 2.31 | 0.98 | 1.43 | -1.12 | 1.04 | 1.28 |
| FFO Payout Ratio % | 107.98% | 97.26% | 129.61% | 431.68% | 105.82% | 252.49% | 173.16% | -207.53% | 180.89% | 147.92% |
| EPS (Diluted) | 2.27▲ 0% | 2.50▲ 10.1% | 2.35▼ 6.0% | 0.97▼ 58.7% | 2.77▲ 185.6% | 1.46▼ 47.3% | 1.43▼ 2.1% | -1.17▼ 181.8% | 0.64▲ 154.7% | 0.61▲ 0% |
| EPS Growth % | -10.28% | 10.13% | -6% | -58.72% | 185.57% | -47.29% | -2.05% | -181.82% | 154.7% | 229.95% |
| EPS (Basic) | 2.27 | 2.50 | 2.35 | 0.97 | 2.77 | 1.46 | 1.43 | -1.17 | 0.64 | - |
| Diluted Shares Outstanding | 95.96M | 113.86M | 130.09M | 141.8M | 151.52M | 170.63M | 172.67M | 173.78M | 170.96M | 169.08M |
Blackstone Mortgage Trust, Inc. (BXMT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 10.26B | 14.47B | 16.55B | 16.96B | 22.7B | 25.35B | 24.04B | 19.8B | 20B | 19.63B |
| Asset Growth % | 16.41% | 41.02% | 14.41% | 2.46% | 33.87% | 11.68% | -5.2% | -17.62% | 1.01% | -17.82% |
| Real Estate & Other Assets | -74.99M | -201.83M | 0 | 1.2M | -78.08M | 0 | 0 | -91.08M | 1.22B | 1.16B |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.34M | 42.15M | 52.04M |
| Investment Securities | 0 | 1000K | 0 | 1000K | 1000K | 0 | 0 | 1000K | 1000K | 1000K |
| Total Current Assets | 69.65M | 14.37B | 0 | 16.88B | 0 | 0 | 0 | 0 | 586.53M | 688.78M |
| Cash & Equivalents | 69.65M | 105.66M | 150.09M | 289.97M | 551.15M | 291.34M | 350.01M | 323.48M | 452.53M | 549.15M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | -10.2B | 0 | -16.38B | 119.16M | -638.21M | -481.98M | -565.87M | -484.62M | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 77.29M | 117.09M | 106.18M |
| Total Liabilities | 7.34B | 11.09B | 12.77B | 13.05B | 18.08B | 20.81B | 19.65B | 16.01B | 16.5B | 16.21B |
| Total Debt | 7.24B | 10.96B | 12.59B | 12.91B | 17.9B | 20.44B | 19.3B | 15.73B | 16.16B | 15.89B |
| Net Debt | 7.17B | 10.86B | 12.44B | 12.62B | 17.35B | 20.15B | 18.95B | 15.41B | 15.71B | 15.34B |
| Long-Term Debt | 7.2B | 10.96B | 12.44B | 12.85B | 5.62B | 6.92B | 6.62B | 6.03B | 6.05B | 6.8B |
| Short-Term Borrowings | 4.91M | 8.91B | 150.14M | 58.91M | 12.28B | 13.53B | 12.68B | 9.7B | 10.12B | 9.09B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 0 | 0 | 192.3M | 0 | 0 | 0 | 0 | 10.27B | 9.25B |
| Accounts Payable | 14.16M | 25.59M | 0 | 2.67M | 29.85M | 80.26M | 97.82M | 77.86M | 58.87M | 63.63M |
| Deferred Revenue | 7.34B | 11.09B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -7.2B | -2.05B | -12.44B | 10.03M | -5.62B | -6.92B | -6.62B | -6.03B | 180.57M | 160.45M |
| Total Equity | 2.92B▲ 0% | 3.37B▲ 15.7% | 3.78B▲ 12.2% | 3.9B▲ 3.2% | 4.62B▲ 18.3% | 4.54B▼ 1.6% | 4.39B▼ 3.4% | 3.79B▼ 13.5% | 3.5B▼ 7.6% | 3.42B▲ 0% |
| Equity Growth % | 17% | 15.67% | 12.15% | 3.16% | 18.3% | -1.61% | -3.45% | -13.52% | -7.64% | -31.3% |
| Shareholders Equity | 2.91B | 3.36B | 3.76B | 3.89B | 4.59B | 4.52B | 4.37B | 3.79B | 3.5B | 3.41B |
| Minority Interest | 6.34M | 10.48M | 22.1M | 18.16M | 30.52M | 25.41M | 19.79M | 6.88M | 5.48M | 3.09M |
| Common Stock | 1.08M | 1.23M | 1.35M | 1.47M | 1.68M | 1.72M | 1.73M | 1.73M | 1.68M | 1.69M |
| Additional Paid-in Capital | 3.51B | 3.97B | 4.37B | 4.7B | 5.37B | 5.48B | 5.51B | 5.51B | 5.43B | 5.44B |
| Retained Earnings | -567.17M | -569.43M | -592.55M | -829.28M | -794.83M | -968.75M | -1.15B | -1.73B | -1.95B | -2.03B |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 2.28% | 2.31% | 1.97% | 0.82% | 2.11% | 1.03% | 1% | -0.93% | 0.55% | 0.52% |
| Return on Equity (ROE) | 8.04% | 9.06% | 8.54% | 3.58% | 9.84% | 5.43% | 5.52% | -4.99% | 3% | 2.93% |
| Debt / Assets | 70.56% | 75.79% | 76.07% | 76.13% | 78.85% | 80.63% | 80.29% | 79.43% | 80.81% | 80.97% |
| Debt / Equity | 2.48x | 3.25x | 3.33x | 3.31x | 3.88x | 4.50x | 4.40x | 4.15x | 4.61x | 4.61x |
| Net Debt / EBITDA | 15.87x | 16.80x | 16.23x | 26.08x | 22.95x | 20.88x | 11.68x | 14.02x | 13.56x | 13.56x |
| Book Value per Share | 30.40 | 29.64 | 29.09 | 27.53 | 30.48 | 26.63 | 25.41 | 21.83 | 20.50 | 20.22 |
Blackstone Mortgage Trust, Inc. (BXMT) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 227.46M | 290M | 304.04M | 336.61M | 382.48M | 396.82M | 458.84M | 366.45M | 275.87M | 275.87M |
| Operating CF Growth % | -3.88% | 27.5% | 4.84% | 10.71% | 13.63% | 3.75% | 15.63% | -20.14% | -24.72% | -33.66% |
| Operating CF / Revenue % | 42.35% | 38.33% | 34.44% | 43.39% | 45.12% | 30.08% | 22.79% | 20.73% | 18.14% | 17.97% |
| Net Income | 217.97M | 285.81M | 307.39M | 140.41M | 422.27M | 251.06M | 249.9M | -201.83M | 0 | 103.63M |
| Depreciation & Amortization | 0 | 0 | -57.93M | -56.84M | -68.91M | -81.75M | 0 | 13.04M | 0 | 31.94M |
| Stock-Based Compensation | 24.03M | 28.15M | 30.66M | 53.81M | 31.65M | 33.41M | 30.66M | 31.83M | 0 | 21.3M |
| Other Non-Cash Items | -16.39M | -19M | -25.91M | 145.34M | -74.68M | 241.55M | 192.71M | 482.81M | 255.99M | 96.6M |
| Working Capital Changes | 1.85M | -4.97M | -8.1M | -2.96M | 3.24M | -47.44M | -14.42M | 40.6M | 19.88M | 85.3M |
| Cash from Investing | -780.75M | -4.25B | -1.87B | -88.25M | -5.63B | -3.25B | 1.44B | 3.5B | 359.4M | 319.29M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -20.87M | -114.41M | -6.52M | -133.43M | -77.77M | -23.06M | -233.54M | -157.23M | 0 | -337.92M |
| Sale of Investments | 6.45M | 47.53M | 49.67M | 90.43M | 76.38M | 353.32M | 163.68M | 91.47M | 0 | 2.22M |
| Other Investing | -766.34M | -4.18B | -1.91B | -45.25M | -5.63B | -3.58B | 1.51B | 3.56B | 359.4M | 654.99M |
| Cash from Financing | 574.74M | 3.96B | 1.61B | -110.77M | 5.51B | 2.61B | -1.85B | -3.88B | -514.42M | -789.13M |
| Dividends Paid | -234.99M | -277.26M | -320.96M | -348.91M | -370.66M | -421.39M | -426.93M | -404.02M | -322.73M | -320.6M |
| Common Dividends | -234.99M | -277.26M | -320.96M | -348.91M | -370.66M | -421.39M | -426.93M | -404.02M | -322.73M | -320.6M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -29.23M | -109.51M | -78.66M |
| Other Financing | -21.46M | -21.6M | -29.58M | -53.94M | -34.45M | -53.53M | -32.17M | -45.95M | -55.3M | -35.49M |
| Net Change in Cash | 26.95M▲ 0% | 3.14M▼ 88.3% | 44.43M▲ 1313.1% | 139.88M▲ 214.8% | 261.18M▲ 86.7% | -259.81M▼ 199.5% | 58.67M▲ 122.6% | -26.53M▼ 145.2% | 129.04M▲ 586.4% | -119.41M▲ 0% |
| Exchange Rate Effect | 5.5M | 7.09M | -1.01M | 2.29M | -2.06M | -10.33M | 3.7M | -7.39M | 8.18M | 5.35M |
| Cash at Beginning | 75.57M | 102.52M | 105.66M | 150.09M | 289.97M | 551.15M | 291.34M | 350.01M | 323.48M | 452.53M |
| Cash at End | 102.52M | 105.66M | 150.09M | 289.97M | 551.15M | 291.34M | 350.01M | 323.48M | 452.53M | 549.15M |
| Free Cash Flow | 227.46M▲ 0% | 290M▲ 27.5% | 304.04M▲ 4.8% | 336.61M▲ 10.7% | 382.48M▲ 13.6% | 396.82M▲ 3.7% | 458.84M▲ 15.6% | 365.86M▼ 20.3% | 275.87M▼ 24.6% | 334.55M▲ 0% |
| FCF Growth % | -3.88% | 27.5% | 4.84% | 10.71% | 13.63% | 3.75% | 15.63% | -20.26% | -24.6% | -10.15% |
| FCF / Revenue % | 42.35% | 38.33% | 34.44% | 43.39% | 45.12% | 30.08% | 22.79% | 20.7% | 18.14% | 21.79% |
Blackstone Mortgage Trust, Inc. (BXMT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 2.27 | 2.5 | 1.9 | 0.57 | 2.31 | 0.98 | 1.43 | -1.12 | 1.04 | 1.28 |
| FFO Payout Ratio | 107.98% | 97.26% | 129.61% | 431.68% | 105.82% | 252.49% | 173.16% | -207.53% | 180.89% | 147.92% |
| NOI Margin | 89.79% | 90.11% | 91.12% | 89.96% | 89.56% | 91.64% | 94.08% | 93.27% | 76.86% | 62.56% |
| Net Debt / EBITDA | 15.87x | 16.80x | 16.23x | 26.08x | 22.95x | 20.88x | 11.68x | 14.02x | 13.56x | 13.56x |
| Debt / Assets | 70.56% | 75.79% | 76.07% | 76.13% | 78.85% | 80.63% | 80.29% | 79.43% | 80.81% | 80.97% |
| Interest Coverage | 1.92x | 1.80x | 1.67x | 1.39x | 2.22x | 1.36x | 1.19x | 0.85x | 1.11x | - |
| Book Value / Share | 30.4 | 29.64 | 29.09 | 27.53 | 30.48 | 26.63 | 25.41 | 21.83 | 20.5 | 20.22 |
| Revenue Growth | 8.03% | 40.89% | 16.68% | -12.13% | 9.27% | 55.6% | 52.6% | -12.18% | -13.96% | -6.97% |
Blackstone Mortgage Trust, Inc. (BXMT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Feb 11, 2026·SEC
Feb 11, 2026·SEC
Blackstone Mortgage Trust, Inc. (BXMT) stock FAQ — growth, dividends, profitability & financials explained
Blackstone Mortgage Trust, Inc. (BXMT) reported $1.54B in revenue for fiscal year 2025. This represents a 41399% increase from $3.7M in 1996.
Blackstone Mortgage Trust, Inc. (BXMT) saw revenue decline by 14.0% over the past year.
Yes, Blackstone Mortgage Trust, Inc. (BXMT) is profitable, generating $103.6M in net income for fiscal year 2025 (7.2% net margin).
Yes, Blackstone Mortgage Trust, Inc. (BXMT) pays a dividend with a yield of 9.79%. This makes it attractive for income-focused investors.
Blackstone Mortgage Trust, Inc. (BXMT) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.
Blackstone Mortgage Trust, Inc. (BXMT) generated Funds From Operations (FFO) of $216.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Blackstone Mortgage Trust, Inc. (BXMT) offers a 9.79% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Blackstone Mortgage Trust, Inc. (BXMT) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates