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Blackstone Mortgage Trust(NYSE) BXMT

Current Price$16.86
Market Cap$2.82BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1980)+244%
5 Year-11%
1 Year-4%
1 Month-5%
Blackstone Mortgage Trust last closing stock price
MetricPriceDate
Last closeUSD 16.712026-07-20
Blackstone Mortgage Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.65%USD 16.822026-07-13
1 month-5.07%USD 17.602026-06-18
3 month-14.05%USD 19.442026-04-21
Year to date-7.98%USD 18.162025-12-31
1 year-3.87%USD 17.382025-07-18
3 year+1.02%USD 16.542023-07-21
5 year-10.76%USD 18.722021-07-21
Since inception+244.11%USD 4.861980-12-29

Blackstone Mortgage Trust Financials at a Glance

Market Cap

$2.82BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$1.54B

Net Income (TTM)

$103.63M

EPS (TTM)

$0.61

P/E Ratio

27.51

Dividend

$1.88

Beta (Volatility)

0.90 (Low)

Price

$16.86

Volume

347,740.167

Open

$16.65

Previous Close

$16.71

Daily Range

$16.65 - $16.86

52-Week Range

$16.62 - $20.67

Estimated Earnings Date

Jul 30, 2026

BXMT News

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Page 1

BXMT: Motley Fool Moneyball Superscore

51

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About Blackstone Mortgage Trust

Blackstone Mortgage Trust lends money to owners of large commercial buildings. These loans help companies buy or develop offices, apartments, and warehouses. The business earns income from interest payments on these property loans.

Where the Money Goes

  • Multifamily Loans: Senior debt secured by apartment complexes and residential communities; represents 26% of net loan exposure.
  • Office Loans: Lending for corporate workspaces and business parks; accounts for 26% of net loan exposure.
  • Industrial Loans: Financing for warehouses and distribution centers; makes up 25% of net loan exposure.
  • Owned Real Estate: Direct ownership of properties like hotels and apartments acquired through loan resolutions; includes 13 assets as of March 2026.
  • Hospitality Loans: Loans backed by hotels and resorts; comprises 10% of net loan exposure.

Strategic Moves and Alliances

  • Launched the Net Lease Joint Venture in 2024 to invest in properties with long-term single-tenant leases.
  • Formed the Bank Loan Portfolio Joint Venture in 2025 to buy groups of performing commercial mortgages.
  • Partnered with M&T Realty Capital Corporation in 2024 to provide borrowers with government-backed multifamily financing options.
  • Acquired legal title to a hotel in San Francisco during March 2026 through a foreclosure process.

How the Model Works

The company manages a diverse international portfolio with significant loan exposure in the United Kingdom, Australia, and Ireland. It utilizes various funding methods, including secured credit facilities and collateralized loan obligations—which are sets of loans bundled into interest-paying securities—to manage capital.

Performance by the Numbers

  • Total net revenue reached $159 million in Q1 2026, a 26% increase from $127 million in Q1 2025.
  • Operating cash flow reached $170 million in Q1 2026, up 69% from $101 million in Q1 2025.
  • Net loss worsened to -$6.3 million in Q1 2026 from -$357,000 in Q1 2025.
  • Free cash flow hit $159 million in Q1 2026, up 58% compared to $101 million in Q1 2025.
  • Interest and related income decreased to $306 million in Q1 2026 from $332 million in Q1 2025.

Bottom Line

Blackstone Mortgage Trust has transitioned from a pure lending model to managing a mix of senior loans and direct real estate assets. This evolution reflects a strategy of diversifying revenue streams through joint ventures and property ownership.

AI Generated • May 24, 2026

Industry

Mortgage Real Estate Investment Trusts (REITs)

Sector

Financials

CEO

Timothy Johnson

Website

www.blackstonemortgagetrust.com

Headquarters

New York City, NY 10154, US

BXMT Financials

Key Financial Metrics (TTM)

Gross Margin

62.56%

Operating Margin

58.33%

Net Income Margin

6.75%

Return on Equity

2.94%

Return on Capital

5.54%

Return on Assets

0.53%

Earnings Yield

3.64%

Dividend Yield

11.25%

Payout Ratio

3.09%

Stock Overview

Market Cap

$2.82BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

168.68M

Volume

347.74K

Avg. Volume

1.53M

Financials (TTM)

Gross Profit

$960.53M

Operating Income

$895.68M

EBITDA

$1.12B

Operating Cash Flow

$345.08M

Capital Expenditure

$0.00

Free Cash Flow

$345.08M

Cash & ST Invst.

$549.15M

Total Debt

$15.89B

Blackstone Mortgage Trust Performance Analysis

Blackstone Mortgage Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,319,102,00055.6%
20232023-12-31USD 2,013,010,00052.6%
20242024-12-31USD 1,767,820,000-12.2%
20252025-12-31USD 1,520,950,000-14.0%
Blackstone Mortgage Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-307.6%
Q32025-09-30-5.2%
Q42025-12-314.3%
Q12026-03-31-2.3%
Blackstone Mortgage Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.46-47.3%
20232023-12-31USD 1.43-2.0%
20242024-12-31USD -1.17N/A
20252025-12-31USD 0.64N/A
Blackstone Mortgage Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-302028.6%
Q32025-09-30813.6%
Q42025-12-31-37.8%
Q12026-03-31-117.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$380.15M

+4.0%

Gross Profit

$77.44M

-72.9%

Gross Margin

20.37%

N/A

Market Cap

$2.82BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

0

N/A

Net Income

-$6.30M

-1663.9%

EBITDA

$215.55M

-16.6%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$549.15M

-17.9%

Total Debt

$15.89B

-0.2%

Accounts Receivable

$137.01M

-6.5%

Inventory

$0.00

N/A

Long Term Debt

$6.80B

+14.8%

Short Term Debt

$9.09B

-9.1%

Return on Assets

0.53%

N/A

Return on Invested Capital

8.63%

N/A

Free Cash Flow

$169.73M

+68.9%

Operating Cash Flow

$169.73M

+68.9%

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Questions About BXMT

What is the current price of Blackstone Mortgage Trust?

Blackstone Mortgage Trust is trading at $16.85 per share.

What is the 52-week range for Blackstone Mortgage Trust?

Over the past 52 weeks, Blackstone Mortgage Trust has traded between $16.62 and $20.67.

How much debt does Blackstone Mortgage Trust have?

As of the most recent reporting period, Blackstone Mortgage Trust reported total debt of $15.85B.

How much cash does Blackstone Mortgage Trust have on hand?

Blackstone Mortgage Trust reported $549.15M in cash and cash equivalents in its most recent financial results.

What is Blackstone Mortgage Trust’s dividend yield?

Blackstone Mortgage Trust currently has a dividend yield of 11.25%.

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