Blackstone Mortgage Trust Inc

Latest Results (11.01.2026):

Blackstone Mortgage Trust, Inc. reported results for the third quarter of 2025: net income attributable to the company was $63.4 million, GAAP EPS was $0.37, Distributable EPS was $0.24 and Distributable EPS prior to charge‑offs was $0.48; the company paid a $0.47 dividend per basic share and reported a book value per share of $20.99 for Q3 2025.

Earnings

Q3 2025 net income attributable to Blackstone Mortgage Trust, Inc. was $63.4 million. GAAP basic EPS was $0.37; Distributable EPS was $0.24 and Distributable EPS prior to CECL charge‑offs was $0.48 (company provides a reconciliation in its presentation).

Dividends & Yield

The company paid a Q3 2025 dividend of $0.47 per share, which the company states equates to a 10.4% annualized dividend yield (based on the reference share price noted in the report).

Portfolio & Credit Performance

BXMT reported a diversified loan portfolio (company slide: ~$16.8 billion across 137 loans), with performing portfolio coverage rising to 96% (from 94% prior quarter). Impaired loans declined materially (71% reduction year‑over‑year), no new impaired loans in Q3, and CECL reserves decreased quarter‑over‑quarter to the level the company reports (~$712 million, ~3.9% of outstanding principal).

Investment Activity

Total Q3 2025 investments were $1.0 billion, including $0.6 billion of loan originations, plus BXMT’s $0.3 billion share of a bank loan portfolio (Bank Loan Portfolio JV) and $0.1 billion share of Net Lease JV acquisitions; the company also reported an additional ~$1.7 billion of originations closed or in closing post‑quarter.

Liquidity & Capitalization

BXMT reported quarter‑end liquidity of $1.3 billion and total credit facility capacity of $18.5 billion (across 13 bank counterparties, with $7.5 billion of availability). Debt‑to‑equity was reported at ~3.5x and the company repriced and upsized a $400 million Term Loan B, reducing the spread by 100 basis points to lower financing costs.

Shareholder Returns & Balance Sheet Actions

The company repurchased approximately $77 million of common stock in Q3 and Q4 to date at an average price of $18.44 per share; BXMT highlights capital redeployment, loan resolutions above carrying value, and buybacks as supports for book value and shareholder returns (book value per share reported at $20.99 as of 9/30/2025).