Earnings summaries and quarterly performance for BLACKSTONE MORTGAGE TRUST.
Executive leadership at BLACKSTONE MORTGAGE TRUST.
Timothy Johnson
Detailed
Chief Executive Officer
CEO
AM
Anthony Marone
Detailed
Chief Financial Officer
FA
F. Austin Peña
Detailed
President
MU
Marcin Urbaszek
Detailed
Deputy Chief Financial Officer
RS
Robert Sitman
Detailed
Managing Director, Head of Asset Management
SM
Scott Mathias
Detailed
Chief Compliance Officer and Secretary
TH
Timothy Hayes
Detailed
Vice President, Shareholder Relations
Board of directors at BLACKSTONE MORTGAGE TRUST.
Research analysts who have asked questions during BLACKSTONE MORTGAGE TRUST earnings calls.
JR
Jade Rahmani
Keefe, Bruyette & Woods
8 questions for BXMT
Also covers: ABR, ACRE, AMH +22 more
HH
Harsh Hemnani
Green Street
7 questions for BXMT
Also covers: AGNC, ARI, NLY +2 more
DH
Douglas Harter
UBS
6 questions for BXMT
Also covers: ACRE, ACT, AGNC +42 more
RS
Richard Shane
JPMorgan Chase & Co.
6 questions for BXMT
Also covers: ABR, ACRE, ACT +20 more
Donald Fandetti
Wells Fargo & Company
4 questions for BXMT
Also covers: AOMR, AXP, COF +7 more
Christopher Muller
Citizens JMP
3 questions for BXMT
Also covers: ACR, ACRE, AFCG +10 more
SD
Steven Delaney
Citizens JMP Capital
3 questions for BXMT
Also covers: ABR, ACRE, ARI +12 more
Don Fandetti
Wells Fargo
2 questions for BXMT
Also covers: AXP, COF, RKT +4 more
DH
Doug Harter
UBS Group AG
2 questions for BXMT
Also covers: AOMR, ARCC, ARI +20 more
Eric Dray
Bank of America
2 questions for BXMT
Also covers: ACRE, BRSP, PB
GP
Gabriel Poggi
Raymond James Financial, Inc.
2 questions for BXMT
Also covers: KREF, TRTX
John Nickodemus
BTIG
2 questions for BXMT
Also covers: ACRE, ARI, BRSP +5 more
RS
Rick Shane
JPMorgan Chase & Co.
2 questions for BXMT
Also covers: ABR, ACRE, ACT +19 more
Stephen Laws
Raymond James
2 questions for BXMT
Also covers: ABR, ACR, AJX +16 more
K
Katharine
BTIG
1 question for BXMT
Thomas Catherwood
BTIG
1 question for BXMT
Also covers: ACRE, ARE, CDP +6 more
Tom Catherwood
BTIG
1 question for BXMT
Also covers: FBRT, HPP, KREF +2 more
WC
William Catherwood
BTIG
1 question for BXMT
Also covers: ARE, ARI, BRSP +14 more
Recent press releases and 8-K filings for BXMT.
Blackstone Mortgage Trust Reports Q4 and Full Year 2025 Results
BXMT
Earnings
CFO Change
New Projects/Investments
- Blackstone Mortgage Trust reported GAAP net income of $0.24 per share and distributable earnings (DE) of -$2.07 per share for Q4 2025. DE prior to charge-offs was -$0.51 per share, covering the -$0.47 per share dividend for the second consecutive quarter.
- The company's loan portfolio is 99% performing, with impaired loan balances reduced to just under $90 million. The investment portfolio stands at $20 billion, with 50% now collateralized by multifamily and industrial assets.
- BXMT closed $1.5 billion of investments in Q4 2025, including $1.4 billion in new loan originations, and approximately $7 billion for the full year, concentrating on multifamily, industrial loans, and net lease strategies.
- The company repurchased $60 million of shares in Q4 2025 and approximately $140 million since establishing its program in July 2024, with book value ending the year at $20.75 per share.
- Tony Marone is stepping down as CFO, and Marcin Urbaszek will be the incoming Chief Financial Officer.
Feb 11, 2026, 2:00 PM
Blackstone Mortgage Trust Reports Q4 2025 Results, Portfolio Improvements, and CFO Transition
BXMT
Earnings
CFO Change
New Projects/Investments
- Blackstone Mortgage Trust reported distributable earnings prior to charge-offs of $0.51 per share for Q4 2025, which covered its $0.47 per share dividend for the second consecutive quarter.
- The company's loan portfolio is now 99% performing, with $575 million of impaired loans resolved during the quarter, reducing the impaired loan balance to just under $90 million.
- BXMT closed $1.5 billion of investments in Q4 2025, with 100% of new loan originations secured by multifamily and industrial assets, and its overall loan portfolio is now 50% multifamily and industrial.
- The company ended the year with $1 billion of liquidity and executed over $5 billion of corporate and securitized debt transactions in the past 12 months, including a $1 billion CLO in January and approximately $140 million in share repurchases since July 2024.
- Tony Marone is stepping down as CFO, and Marcin Urbaszek will be taking over the role.
Feb 11, 2026, 2:00 PM
Blackstone Mortgage Trust Reports Q4 and Full-Year 2025 Results
BXMT
Earnings
New Projects/Investments
Dividends
- Blackstone Mortgage Trust (BXMT) reported Q4 2025 GAAP EPS of $0.24 and Distributable EPS prior to charge-offs of $0.51, with full-year 2025 GAAP EPS of $0.64 and Distributable EPS prior to charge-offs of $1.86. The company paid a Q4 dividend of $0.47 per share.
- The investment portfolio reached $20.0 billion at year-end 2025, up from $19.3 billion in Q3 2025. Total investments for 2025 were $6.8 billion, including $5.7 billion in loan originations.
- BXMT's loan portfolio performance increased to 99% in Q4 2025 from 96% in Q3 2025, and the impaired loan balance was reduced by 96% from its peak.
- Book value per share was $20.75 as of December 31, 2025. The company maintained $1.0 billion in liquidity and has no corporate debt maturities until 2027.
Feb 11, 2026, 2:00 PM
Blackstone Mortgage Trust Reports Strong Q4 2025 Results, Portfolio Improvement, and CFO Transition
BXMT
Earnings
CFO Change
New Projects/Investments
- Blackstone Mortgage Trust (BXMT) reported GAAP net income of $0.24 per share and distributable earnings (DE) prior to charge-offs of $0.51 per share for Q4 2025, which covered its -$0.47 per share dividend for the second consecutive quarter.
- The loan portfolio is now 99% performing, following the resolution of $575 million of impaired loans in Q4 2025, reducing the impaired loan balance to just under $90 million.
- BXMT closed $1.5 billion of investments in Q4 2025, primarily in multifamily and industrial assets, and strategically broadened its scope with net lease acquisitions and bank loan portfolios, which now represent 5% of the total portfolio.
- The company maintained $1 billion of liquidity and executed over $5 billion in corporate and securitized debt transactions in the past 12 months, reducing its weighted average borrowing spread by nearly 90 basis points. BXMT also repurchased $60 million of shares in Q4 2025, totaling $140 million since July 2024.
- Tony Marone is stepping down as CFO, and Marcin Urbaszek will be taking over the role.
Feb 11, 2026, 2:00 PM
Blackstone Mortgage Trust Reports Full-Year 2025 Results
BXMT
Earnings
Dividends
New Projects/Investments
- Blackstone Mortgage Trust (BXMT) reported its fourth-quarter and full-year 2025 results on February 11, 2026.
- For the full year 2025, net income attributable to Blackstone Mortgage Trust was $110 million.
- The company reported full year EPS of $0.64, Distributable EPS of $(1.43), and Distributable EPS prior to charge-offs of $1.86.
- Dividends paid per basic share for the full year 2025 amounted to $1.88.
- CEO Tim Johnson highlighted strong fourth-quarter results driven by "robust capital deployment across diversified investments, improved credit performance, and balance sheet optimization".
Feb 11, 2026, 12:00 PM
BXMT Reports Fourth-Quarter and Full-Year 2025 Results
BXMT
Earnings
Dividends
Share Buyback
- Blackstone Mortgage Trust reported full-year 2025 GAAP EPS of $0.64 and Distributable EPS prior to charge-offs of $1.86, with Q4 GAAP EPS of $0.24 and Distributable EPS prior to charge-offs of $0.51.
- The company paid full-year dividends of $1.88 per basic share and a Q4 dividend of $0.47 per share, with Q4 Distributable Earnings prior to charge-offs covering the dividend.
- Book value per share stood at $20.75 at December 31, 2025.
- Credit performance showed a 99% performing loan portfolio and a 96% reduction in impaired loan balance from its peak, with CECL reserves decreasing 60% year-over-year to $296 million.
- Total investments for 2025 amounted to $6.8 billion, expanding the investment portfolio to $20.0 billion at year-end, and the company repurchased $109 million of class A common stock.
Feb 11, 2026, 11:52 AM
BXMT Reports Strong Q3 2025 Results and CEO Transition
BXMT
Earnings
Share Buyback
Management Change
- 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.
- 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.
- 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.
- Katie Keenan's tenure as CEO is concluding, and Tim Johnson has been appointed as the new CEO.
Oct 29, 2025, 1:00 PM
Blackstone Mortgage Trust Reports Strong Q3 2025 Earnings and Announces CEO Transition
BXMT
Earnings
Share Buyback
CEO Change
- 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.
- 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. The impaired loan balance is now 71% below last year's peak.
- 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.
- 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. 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.
- Katie Keenan's tenure as CEO is concluding, and Tim Johnson has been appointed as the new CEO.
Oct 29, 2025, 1:00 PM
Blackstone Mortgage Trust Announces Strong Q3 2025 Results
BXMT
Earnings
Dividends
New Projects/Investments
- 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.
- 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.
- 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.
- Loan portfolio performance improved to 96% from 94% last quarter, with the impaired loan balance reduced by 71% from its Q3 2024 peak.
Oct 29, 2025, 1:00 PM
Blackstone Mortgage Trust Reports Q3 2025 Earnings and CEO Transition
BXMT
Earnings
Dividends
Management Change
- 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. GAAP net income was $0.37 per share.
- 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. Book value remained largely stable at $20.99 per share.
- BXMT closed $1 billion in total investments during Q3 2025 and anticipates over $7 billion in new investments for the full year. The company also repurchased $16 million of common stock in Q3 and an additional $61 million in Q4 to date.
- Katie Keenan will be stepping down as CEO, with Tim Johnson appointed as the incoming CEO.
Oct 29, 2025, 1:00 PM
Quarterly earnings call transcripts for BLACKSTONE MORTGAGE TRUST.
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