NYSE : BXMT
Blackstone Mortgage Trust, Inc. — Financial statements
Real Estate · REIT - Mortgage · United States
Last price 11 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.84B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 1.21B | 1.36B | 1.77B | 2.04B | 1.34B | 854.69M |
| Total Interest Expense | 899.04M | 988.95M | 1.29B | 1.37B | 710.90M | 340.22M |
| Net Interest Income | 315.73M | 367.45M | 479.07M | 670.66M | 628.05M | 514.47M |
| Other Revenue | 302.97M | 184.98M | 13.04M | |||
| Revenue Before Loan Losses | 618.70M | 552.43M | 492.11M | 670.66M | 628.05M | 514.47M |
| Provision for Loan Losses | 472.60M | 112.49M | 538.80M | 249.79M | 211.50M | -39.86M |
| Revenue | 146.10M | 439.95M | -46.69M | 420.88M | 416.55M | 554.33M |
| Salaries & Employee Benefits | 26.73M | 28.26M | 31.83M | 30.66M | 33.41M | 31.65M |
| Cost of Services Provided | 411.83M | 307.05M | 118.95M | 139.58M | 129.07M | 99.99M |
| Total Operating Expenses | 438.56M | 335.31M | 150.77M | 170.23M | 162.49M | 131.63M |
| Operating Income | -292.46M | 104.64M | -197.46M | 250.64M | 254.06M | 422.70M |
| Earnings From Equity Investments | 22.71M | 8.31M | -2.75M | |||
| EBT Excluding Unusual Items | -333.64M | 113.34M | -204.81M | 250.64M | 254.06M | 422.70M |
| Other Unusual Items | 5.35M | 4.62M | ||||
| Pretax Income | -370.17M | 113.34M | -199.46M | 255.26M | 254.06M | 422.70M |
| Income Tax Expense | 5.45M | 3.67M | 2.37M | 5.36M | 3.00M | 423.00K |
| Earnings From Continuing Ops. | -375.62M | 109.67M | -201.83M | 249.90M | 251.06M | 422.27M |
| Minority Interest in Earnings | 660.00K | -100.00K | -2.25M | -3.34M | -2.42M | -3.08M |
| Net Income | -374.96M | 109.57M | -204.09M | 246.56M | 248.64M | 419.19M |
| Net Income to Common | -374.96M | 109.57M | -204.09M | 246.56M | 248.64M | 419.19M |
| Shares Outstanding (Basic) | 168.53M | 170.96M | 173.78M | 172.67M | 170.63M | 151.52M |
| Shares Outstanding (Diluted) | 168.53M | 170.96M | 173.78M | 172.67M | 170.63M | 151.52M |
| EPS (Basic) | -2.22 | 0.64 | -1.17 | 1.43 | 1.46 | 2.77 |
| EPS (Diluted) | -2.22 | 0.64 | -1.17 | 1.43 | 1.46 | 2.77 |
| Dividend Per Share | 1.88 | 1.88 | 2.18 | 2.48 | 2.48 | 2.48 |
| Operating Margin | -200.18% | 23.78% | 59.55% | 60.99% | 76.25% | |
| Profit Margin | -256.65% | 24.91% | 58.58% | 59.69% | 75.62% | |
| Effective Tax Rate | 3.24% | 2.10% | 1.18% | 0.10% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 511.50M | 452.53M | 323.48M | 350.01M | 291.34M | 551.15M |
| Long-Term Investments | 514.80M | 217.49M | 4.45M | 78.01M | ||
| Trading Asset Securities | 22.19M | 10.49M | 72.45M | 1.89M | 7.35M | 30.53M |
| Loans & Lease Receivables | 14.63B | 17.81B | 18.43B | 23.36B | 24.76B | 21.96B |
| Other Receivables | 244.61M | 189.82M | 294.16M | 217.25M | 190.89M | 86.67M |
| Property, Plant & Equipment | 1.34B | 1.13B | 588.18M | |||
| Other Intangible Assets | 99.25M | 117.09M | 77.29M | |||
| Other Current Assets | 35.10M | 26.33M | 5.81M | 104.52M | 104.18M | 956.00K |
| Other Long-Term Assets | 63.92M | 42.15M | 9.34M | |||
| Total Assets | 17.46B | 20.00B | 19.80B | 24.04B | 25.35B | 22.70B |
| Accounts Payable | 11.82M | 14.65M | 13.83M | 7.26M | 9.73M | 9.05M |
| Accrued Expenses | 79.72M | 75.31M | 96.39M | 124.16M | 114.09M | 58.22M |
| Short-Term Debt | 35.60M | 26.60M | 5.24M | 94.82M | 119.67M | 5.89M |
| Long-Term Debt | 14.22B | 16.15B | 15.72B | 19.29B | 20.38B | 17.85B |
| Other Current Liabilities | 78.02M | 79.08M | 81.21M | 107.39M | 106.45M | 104.27M |
| Other Long-Term Liabilities | 196.82M | 151.07M | 86.17M | 28.90M | 76.97M | 53.93M |
| Total Liabilities | 14.62B | 16.50B | 16.01B | 19.65B | 20.81B | 18.08B |
| Common Stock | 1.66M | 1.68M | 1.73M | 1.73M | 1.72M | 1.68M |
| Additional Paid-In Capital | 5.41B | 5.43B | 5.51B | 5.51B | 5.48B | 5.37B |
| Retained Earnings | -2.60B | -1.95B | -1.73B | -1.15B | -968.75M | -794.83M |
| Comprehensive Income & Other | 21.67M | 12.11M | 8.27M | 9.45M | 10.02M | 8.31M |
| Total Common Equity | 2.84B | 3.50B | 3.79B | 4.37B | 4.52B | 4.59B |
| Minority Interest | 2.07M | 5.48M | 6.88M | 19.79M | 25.41M | 30.52M |
| Shareholders' Equity | 2.84B | 3.50B | 3.79B | 4.39B | 4.54B | 4.62B |
| Total Liabilities & Equity | 17.46B | 20.00B | 19.80B | 24.04B | 25.35B | 22.70B |
| Total Debt | 14.25B | 16.18B | 15.73B | 19.38B | 20.50B | 17.86B |
| Net Cash (Debt) | -13.72B | -15.72B | -15.33B | -19.03B | -20.20B | -17.28B |
| Net Cash Per Share | -81.41 | -91.92 | -88.24 | -110.20 | -118.41 | -114.03 |
| Filing Date Shares Outstanding | 167.67M | 170.91M | 173.74M | 175.85M | 172.28M | 168.61M |
| Total Common Shares Outstanding | 167.67M | 170.43M | 174.93M | 175.39M | 171.70M | 168.18M |
| Working Capital | 15.24B | 18.30B | 18.93B | 23.70B | 25.00B | 22.45B |
| Book Value Per Share | 16.92 | 20.53 | 21.65 | 24.90 | 26.32 | 27.28 |
| Tangible Book Value | 2.74B | 3.38B | 3.71B | 4.37B | 4.52B | 4.59B |
| Tangible Book Value Per Share | 16.33 | 19.84 | 21.21 | 24.90 | 26.32 | 27.28 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -374.96M | 109.57M | -204.09M | 246.56M | 248.64M | 419.19M |
| Depreciation & Amortization | 84.58M | 68.84M | 9.41M | |||
| Other Amortization | 39.24M | 38.39M | 42.95M | 54.26M | 50.02M | 41.00M |
| Loss (Gain) From Sale of Investments | -15.70M | -18.75M | -12.06M | -25.43M | -19.95M | -44.00K |
| Provision for Credit Losses | 472.60M | 112.49M | 538.80M | 249.79M | 211.50M | -39.86M |
| Loss (Gain) on Equity Investments | 5.03M | -6.80M | 2.75M | |||
| Stock-Based Compensation | 26.73M | 28.26M | 31.83M | 30.66M | 33.41M | 31.65M |
| Change in Other Net Operating Assets | 83.85M | 19.88M | 40.60M | -14.42M | -47.44M | 3.24M |
| Other Operating Activities | -5.11M | -76.01M | -83.74M | -82.57M | -79.36M | -72.69M |
| Operating Cash Flow | 352.79M | 275.87M | 366.45M | 458.84M | 396.82M | 382.48M |
| Investment in Securities | -326.42M | -207.12M | -7.20M | |||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 1.98B | 601.32M | 3.43B | 1.50B | -3.56B | -5.82B |
| Other Investing Activities | 57.16M | -22.03M | 70.58M | -52.26M | 302.09M | 192.66M |
| Investing Cash Flow | 1.69B | 359.40M | 3.50B | 1.44B | -3.25B | -5.63B |
| Long-Term Debt Issued | 6.17B | 2.75B | 2.03B | 7.40B | 14.25B | |
| Long-Term Debt Repaid | -6.20B | -6.16B | -3.42B | -4.39B | -8.97B | |
| Net Debt Issued (Repaid) | -1.44B | -26.88M | -3.40B | -1.39B | 3.01B | 5.28B |
| Issuance of Common Stock | 70.65M | 638.00M | ||||
| Repurchase of Common Stock | -101.62M | -109.51M | -29.23M | |||
| Common Dividends Paid | -317.82M | -322.73M | -404.02M | -426.93M | -421.39M | -370.66M |
| Other Financing Activities | -51.66M | -55.30M | -45.95M | -32.17M | -53.53M | -34.45M |
| Financing Cash Flow | -1.91B | -514.42M | -3.88B | -1.85B | 2.61B | 5.51B |
| Foreign Exchange Rate Adjustments | -2.24M | 8.18M | -7.39M | 3.70M | -10.33M | -2.06M |
| Net Cash Flow | 133.58M | 129.04M | -26.53M | 58.67M | -259.81M | 261.18M |
| Cash Interest Paid | 857.21M | 966.62M | 1.26B | 1.29B | 608.26M | 287.71M |
| Cash Income Tax Paid | 7.67M | 4.01M | 4.48M | 6.67M | 676.00K | -73.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.87B | 3.24B | 3.04B | 3.70B | 3.62B | 5.16B |
| PE Ratio | 29.56 | 15.00 | 14.55 | 12.31 | ||
| PS Ratio | 12.97 | 7.36 | -65.11 | 8.79 | 8.69 | 9.31 |
| PB Ratio | 0.67 | 0.92 | 0.80 | 0.84 | 0.80 | 1.12 |
| P/OCF Ratio | 5.37 | 11.74 | 8.30 | 8.06 | 9.12 | 13.49 |
| Debt / Equity Ratio | 5.02 | 4.62 | 4.15 | 4.42 | 4.51 | 3.87 |
| Net Debt / Equity Ratio | 4.83 | 4.48 | 4.04 | 4.34 | 4.45 | 3.74 |
| Quick Ratio | 75.11 | 94.38 | 97.20 | 71.73 | 72.16 | 127.51 |
| Current Ratio | 75.28 | 94.52 | 97.23 | 72.04 | 72.45 | 127.52 |
| Asset Turnover | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | |
| Return on Equity (ROE) | -11.67% | 3.00% | -4.93% | 5.60% | 5.48% | 9.91% |
| Return on Assets (ROA) | -2.02% | 0.55% | -0.92% | 1.01% | 1.04% | 2.13% |
| Return on Invested Capital (ROIC) | -1.62% | 0.52% | -0.91% | 1.00% | 1.06% | 2.15% |
| Earnings Yield | -19.99% | 3.38% | -6.71% | 6.67% | 6.87% | 8.12% |
| Dividend Yield | 10.62% | 9.89% | 12.54% | 11.76% | 11.77% | 8.08% |
| Payout Ratio | 294.55% | 173.16% | 169.47% | 88.42% | ||
| Buyback Yield / Dilution | 2.19% | 1.62% | -0.64% | -1.20% | -12.61% | -6.86% |
| Total Shareholder Return | 12.80% | 11.52% | 11.90% | 10.57% | -0.84% | 1.22% |