Blackstone Mortgage Trust/$BXMT

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About Blackstone Mortgage Trust

Blackstone Mortgage Trust Inc is a real estate finance company involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company's asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.

Ticker

$BXMT

Primary listing

NYSE

Employees

29

BXMT Metrics

BasicAdvanced
$3.1B
-
-$0.07
1.17
$1.88
10.30%

Bulls say / Bears say

Blackstone Mortgage Trust is set to issue its first collateralized loan obligation since 2021—a $1 billion deal backed by over 85% non-office collateral—demonstrating strong demand from investors and deliberate diversification away from riskier office loans. (Bloomberg)
The company’s loan book increased to $18.4 billion in Q2 2025, up $1.4 billion in two quarters, while resolving $1.7 billion of troubled assets at a premium and cutting impaired loans by 55% from their peak, showing strong credit management. (Investing.com)
As of June 30, 2025, BXMT held $1.1 billion in cash with more than $7 billion of unused credit capacity, and it refinanced a $1 billion Term Loan B, lowering the spread by 65 basis points and extending maturity to 2030, enhancing financial flexibility. (Investing.com)
Loans backed by office buildings have higher CECL reserves and could require additional increases if markets do not recover, creating a risk to earnings stability. (SEC)
Net income from loans and other investments dropped by $52.6 million in Q1 2025 compared to Q1 2024 because of lower average floating rate indices and a smaller portfolio, showing that earnings are sensitive to changes in rates and portfolio size. (SEC)
Fitch downgraded BXMT’s issuer rating to BB– from BB on April 11, 2025, highlighting the high concentration of office loans and a rise in impaired loans to 9.6%, which may limit funding options and put pressure on returns. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 8 Oct 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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