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BXMTBlackstone Mortgage Trust, Inc.
$12.57$2.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
BXMT logo

Blackstone Mortgage Trust, Inc.

BXMT
NYSE · Mortgage REITs
$12.57
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$2.12B
P/E19.6x
52W High$20.67
Volume3.78M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Credit Losses and Deleveraging Pressure Dividend Sustainability

BXMT is navigating a period of significant portfolio contraction and credit stress, with total assets down 16.7% from $23.3B in 2024Q1 to $19.4B in 2026Q2 and NOI collapsing 65.9% over the same period. The company's high leverage (D/E of 4.65) and thin liquidi...

GrowthContracting
ProfitabilityStrained
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

BXMT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

+15% Peers

P/E is 15% above peer median

03

Market leadership

RS 15 · Lag

Laggard (Underperforming 85% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 30

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
BXMT-30.65%
S&P 500 (^GSPC)+12.39%
1-Year Return
BXMT-23.50%
S&P 500 (^GSPC)+15.77%
3-Year Return
BXMT-15.84%
S&P 500 (^GSPC)+73.82%
5-Year Return
BXMT-23.67%
S&P 500 (^GSPC)+69.64%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
19.6x
Forward P/EExpansion
12.1x
EV/EBITDA20th %ile
15.4x
FCF YieldCash Flow
13.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
19.6x
14.9x
75th· Fair
EV/EBITDA
15.4x
16.8x
20th· Low
Price/FCF
7.7x
9.1x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$32.50+158.6%
Base (Fair)$43.42+227.2%
Bull$55.00+337.5%
$32.50 Bear$43.42 Base$55.00 Bull
Current Market Price: $12.57
Trades at a 71.1% discount to Base DCF ($43.42)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.52B-14.0% YoY
Net income
$110M+153.7% YoY
Free cash flow
$276M-24.6% YoY
Operating margin
71.6%+10.0 pts YoY
ROIC (TTM)4.3%
Avg ROIC 5Y-
ROE (TTM)3%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 30, 2026
$0.31-24.8%
vs $0.41
$158M+0.5%
vs $157M
Q2 2026
Apr 29, 2026
$0.49+28.9%
vs $0.38
$159M+34.1%
vs $119M
Q1 2026
Feb 11, 2026
$0.51+131.8%
vs $0.22
$84M-33.3%
vs $126M
Q4 2025
Oct 29, 2025
$0.24+26.3%
vs $0.19
$133M+22.6%
vs $108M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·Sep 16, 2026
25 Dividend Buys You May Want To Hold Forever From September's Russell Index

The top ten SML Russell MHFS dogs are forecasted to deliver average net gains of 40.06% by September 2027, with yields up to 22.18%. All top-ten yielders are ideally priced, with annual dividends from $1K invested exceeding single share prices, meeting the 'dividend dog' standard. Fifteen of fifty-one SML Russell MHFS stocks show negative free cash flow margins, making their dividends less secure and riskier for income-focused investors.

Business Wire·Sep 15, 2026
Blackstone Mortgage Trust Declares $0.47 Per Share Dividend

NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) declared a dividend of $0.47 per share of class A common stock with respect to the third quarter of 2026. This dividend is payable on October 15, 2026, to stockholders of record as of the close of business on September 30, 2026. About Blackstone Mortgage Trust Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates, acquires and manages senior loans and other debt or credit-oriented investmen.

Seeking Alpha·Aug 27, 2026
18 LoPrice/HiYield DiviDogs Rated Buys For August

This collection of 37 Dogcatcher LoPrice/HiYield Dogs was found by screening the Russell 3000 list for dividends yielding between 5% and 25%. Here are top-yield small to large-cap stocks priced between $5 and $65 per-share showing hight yields over the past five (or more) years. “To find the best stocks to Buy -now, search for stocks of companies with consistent-profits, good cash-flow and other-indicators that reflect -quality.”--Kiplinger.com/Investing.

Fool - Investing News·Aug 17, 2026
Director's Big Bet: Blackstone Mortgage Trust Leader Buys 10,000 Shares

Henry N. Nassau's $143,400 purchase expands his direct stake to 218,523 shares worth $3.15 million, signaling confidence despite the company's issues.

Filtered for Blackstone Mortgage Trust, Inc.More Headlines
04

Compare before deciding

Benchmark BXMT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Blackstone Mortgage Trust, Inc. (BXMT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BXMT logoBXMTBlackstone Mortgage Trust, Inc.Current
$12.57$2.12B19.64-13.96%7.2%3%15.02%
KREF logoKREFKKR Real Estate Finance Trust Inc.
$6.06$389.66M-5.77-22.72%-44.66%-15.91%—
TRTX logoTRTXTPG RE Finance Trust, Inc.
$6.82$523.56M11.96-5.23%21.75%5.45%—
ACRE logoACREAres Commercial Real Estate Corporation
$4.22$234.13M-257.3222.54%-4.51%-0.88%—
RC logoRCReady Capital Corporation
$1.46$241.22M-1.011725.96%-135.95%-35.22%—
GPMT logoGPMTGranite Point Mortgage Trust Inc.
$0.84$40.11M-0.72187.77%-69.23%-15.79%—

Compare BXMT vs Peers

Blackstone Mortgage Trust, Inc. (BXMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KREF

Most directly comparable listed peer for BXMT.

Scale Benchmark

vs MS

Larger-name benchmark to compare BXMT against a more recognizable public peer.

Peer Set

Compare Top 5

vs KREF, TRTX, ACRE, RC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

BXMT SEC Filings & Documents

Blackstone Mortgage Trust, Inc. (BXMT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jun 26, 2026·SEC

Material company update

May 19, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 12, 2025·SEC

FY 2024

Feb 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 30, 2026·SEC

FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 29, 2025·SEC

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BXMT Frequently Asked Questions

Blackstone Mortgage Trust, Inc. (BXMT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Blackstone Mortgage Trust, Inc.'s revenue?

Blackstone Mortgage Trust, Inc. (BXMT) reported $1.30B in revenue for fiscal year 2025. This represents a 35041% increase from $3.7M in 1996.

How fast is Blackstone Mortgage Trust, Inc. growing?

Blackstone Mortgage Trust, Inc. (BXMT) saw revenue decline by 14.0% over the past year.

Is BXMT profitable?

Yes, Blackstone Mortgage Trust, Inc. (BXMT) is profitable, generating $15.4M in net income for fiscal year 2025 (7.2% net margin).

Dividend & Returns
Does BXMT pay dividends?

Yes, Blackstone Mortgage Trust, Inc. (BXMT) pays a dividend with a yield of 15.02%. This makes it attractive for income-focused investors.

What is BXMT's return on equity?

Blackstone Mortgage Trust, Inc. (BXMT) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

Industry Metrics
What is Blackstone Mortgage Trust, Inc.'s FFO?

Blackstone Mortgage Trust, Inc. (BXMT) generated Funds From Operations (FFO) of $277.8M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is BXMT a good dividend stock?

Blackstone Mortgage Trust, Inc. (BXMT) offers a 15.02% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in BXMT back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →