Jade Rahmani

Harsh Hemnani

Donald Fandetti

Douglas Harter

Richard Shane

Steven Delaney

Don Fandetti

Doug Harter

Eric Dray

Rick Shane

Stephen Laws

Christopher Muller

Katharine

Thomas Catherwood

Tom Catherwood

William Catherwood

- Blackstone Mortgage Trust (BXMT) reported **Q3 2025 distributable earnings prior to charge-offs of $0.48 per share**, covering its **$0.47 per share dividend**, and GAAP net income of **$0.37 per share**.  **[0001061630_2213412_0]** **[0001061630_2213412_4]** 
- The company closed **$1 billion in total investments** and collected **$1.6 billion in repayments** during Q3 2025, with no new impaired loans and the loan portfolio now **96% performing**.  **[0001061630_2213412_1]** **[0001061630_2213412_2]** **[0001061630_2213412_3]** 
- BXMT maintained a strong balance sheet with **$1.3 billion in liquidity** and a debt-to-equity ratio of **3.5x**, while repurchasing **$16 million of common stock** in Q3 2025 and an additional **$61 million in Q4 2025 to date**.  **[0001061630_2213412_4]** 
- Katie Keenan's tenure as CEO is concluding, and **Tim Johnson has been appointed as the new CEO**.  **[0001061630_2213412_1]** **[0001061630_2213412_5]**

BXMT Reports Strong Q3 2025 Results and CEO Transition

- Blackstone Mortgage Trust (BXMT) reported **Q3 2025 distributable earnings prior to charge-offs of $0.48 per share**, which covered the **$0.47 per share dividend**, and a GAAP net income of **$0.37 per share**.  **[0001061630_2211397_0]** **[0001061630_2211397_1]** **[0001061630_2211397_3]** 
- The company's loan portfolio is **96% performing**, with **no new impaired loans** in Q3 2025, and **eight loans were upgraded**, including six office loans.  **[0001061630_2211397_1]** **[0001061630_2211397_2]** **[0001061630_2211397_3]**  The impaired loan balance is now **71% below last year's peak**.  **[0001061630_2211397_3]** 
- BXMT closed **$1 billion in total investments** during Q3 2025, with an additional **$1.7 billion in originations closed or in closing post-quarter end**, and collected **$1.6 billion in repayments**.  **[0001061630_2211397_1]** **[0001061630_2211397_2]** 
- The balance sheet shows **$1.3 billion in liquidity**, **over $7 billion in available financing capacity**, and a debt-to-equity ratio of **3.5 times**.  **[0001061630_2211397_4]**  The company repurchased **$16 million of common stock in Q3** and **another $61 million in Q4 to date**, with board approval to replenish **$150 million buyback capacity**.  **[0001061630_2211397_3]** 
- **Katie Keenan's tenure as CEO is concluding**, and **Tim Johnson has been appointed as the new CEO**.  **[0001061630_2211397_1]** **[0001061630_2211397_5]**

Blackstone Mortgage Trust Reports Strong Q3 2025 Earnings and Announces CEO Transition

- Blackstone Mortgage Trust (BXMT) reported Q3 2025 **GAAP EPS of $0.37** and **Distributable EPS prior to charge-offs of $0.48**, which covered the **$0.47 dividend per share**.  **[0001061630_2210807:12]** **[0001061630_2210807:13]** **[0001061630_2210807:14]** 
- The company executed **$1.0 billion in total investments** during Q3 2025, including **$0.6 billion in loan originations** and a **$0.3 billion share in a bank loan portfolio acquisition**.  **[0001061630_2210807:12]** **[0001061630_2210807:13]** **[0001061630_2210807:15]** 
- BXMT maintained **$1.3 billion in quarter-end liquidity** and enhanced its capital structure by repricing a **$0.4 billion Term Loan B**, reducing its spread by **100 basis points**.  **[0001061630_2210807:12]** **[0001061630_2210807:13]** 
- Loan portfolio performance improved to **96%** from 94% last quarter, with the impaired loan balance reduced by **71%** from its Q3 2024 peak.  **[0001061630_2210807:13]** **[0001061630_2210807:15]**

Blackstone Mortgage Trust Announces Strong Q3 2025 Results

- Blackstone Mortgage Trust reported **distributable earnings prior to charge-offs of $0.48 per share** for Q3 2025, which covered its **$0.47 per share dividend**.  **[0001061630_2213379_0]** **[0001061630_2213379_1]** **[0001061630_2213379_4]**  GAAP net income was **$0.37 per share**.  **[0001061630_2213379_0]** **[0001061630_2213379_4]** 
- The company's loan portfolio is **96% performing** with **no new impaired loans** in Q3 2025, and its impaired loan balance is **71% below last year's peak**.  **[0001061630_2213379_1]** **[0001061630_2213379_2]** **[0001061630_2213379_3]**  Book value remained largely stable at **$20.99 per share**.  **[0001061630_2213379_4]** 
- BXMT closed **$1 billion in total investments** during Q3 2025 and anticipates **over $7 billion in new investments** for the full year.  **[0001061630_2213379_1]** **[0001061630_2213379_2]**  The company also repurchased **$16 million of common stock** in Q3 and an additional **$61 million in Q4 to date**.  **[0001061630_2213379_4]** 
- **Katie Keenan will be stepping down as CEO**, with **Tim Johnson appointed as the incoming CEO**.  **[0001061630_2213379_1]** **[0001061630_2213379_5]**

Blackstone Mortgage Trust Reports Q3 2025 Earnings and CEO Transition

- Blackstone Mortgage Trust reported **net income attributable to Blackstone Mortgage Trust of $63.4 million** and **GAAP EPS of $0.37** for the third quarter of 2025.  **[1061630_0001061630-25-000130_a8-kexhibit9913q2025.htm:0]** 
- **Distributable EPS was $0.24**, and **Distributable EPS prior to charge-offs was $0.48**, which covered the **$0.47 dividend per share**.  **[1061630_0001061630-25-000130_a8-kexhibit9913q2025.htm:0]** **[1061630_0001061630-25-000130_exhibit992_q32025.htm:0]** **[1061630_0001061630-25-000130_exhibit992_q32025.htm:1]** 
- The company made **$1.0 billion in total investments** in Q3 2025, including **$0.6 billion in loan originations**, and improved its loan portfolio performance to **96%** from 94% last quarter.  **[1061630_0001061630-25-000130_exhibit992_q32025.htm:0]** 
- BXMT reduced its impaired loan balance by **71%** from its Q3 2024 peak and maintained strong liquidity of **$1.3 billion** as of September 30, 2025.  **[1061630_0001061630-25-000130_exhibit992_q32025.htm:0]**

Blackstone Mortgage Trust Reports Third-Quarter 2025 Results

- **Tim Johnson** has been appointed Chief Executive Officer of Blackstone Mortgage Trust, Inc. (BXMT), succeeding Katie Keenan.  **[1061630_0001193125-25-208235_d31103dex991.htm:0]** **[1061630_0001193125-25-208235_d31103d8k.htm:1]** 
- **Austin Peña** has been named President and Director of BXMT.  **[1061630_0001193125-25-208235_d31103dex991.htm:0]** **[1061630_0001193125-25-208235_d31103d8k.htm:1]** 
- These leadership changes are effective **November 10, 2025**.  **[1061630_0001193125-25-208235_d31103dex991.htm:1]** 
- Former CEO Katie Keenan has been appointed CEO of Blackstone Real Estate Income Trust, Inc. (BREIT) and Global Head of Core+ Real Estate.  **[1061630_0001193125-25-208235_d31103dex991.htm:0]** 
- BXMT reported **$2.6 billion in new investments last quarter** and a nearly **20% year-to-date total return**.  **[1061630_0001193125-25-208235_d31103dex991.htm:0]**

BLACKSTONE MORTGAGE TRUST (BXMT)