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Companies / Real Estate / BLACKSTONE MORTGAGE TRUST, INC.
BXMT

BLACKSTONE MORTGAGE TRUST, INC.

Real EstateREITs
Ticker BXMTNEW YORK, NYFiscal year ends DecemberBook value per share $19.30Diluted shares 169.0M

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) operates as a mortgage real estate investment trust specializing in commercial real estate finance. The company's website is www.blackstonemortgagetrust.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%
$109.67M
+154.3% year over year
Last 12 mo $15.43M
3.13%
+8.5 percentage points
Last 12 mo 0.47%
Cash & financing
$275.87M
−24.7% year over year
Last 12 mo $353.06M
$263.10M
−28.1% year over year
Last 12 mo $328.18M
4.60
Was 4.15× a year earlier
Last 12 mo 4.84
171.0M
−1.6% year over year
Last 12 mo 169.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What BLACKSTONE MORTGAGE TRUST, INC. does

In the company’s own words

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) operates as a mortgage real estate investment trust specializing in commercial real estate finance. The company's website is www.blackstonemortgagetrust.com.

The company originates, acquires, finances and manages a diversified portfolio of commercial mortgage loans and other commercial real estate debt investments. Blackstone Mortgage Trust focuses on providing financing solutions for institutional-quality commercial real estate assets across the United States and select international markets. The firm's investment strategy emphasizes senior mortgage loans on stabilized, income-producing properties with strong sponsorship and creditworthy borrowers.

The company's core business segments include its mortgage loan portfolio, which represents the primary revenue driver through interest income on outstanding loans, and its investment management activities. Blackstone Mortgage Trust generates revenue primarily through interest earned on its commercial mortgage loan portfolio, as well as fees from loan origination, servicing, and other ancillary services. The company also earns returns through the appreciation and disposition of its real estate debt investments.

Blackstone Mortgage Trust maintains a geographically diversified portfolio spanning major metropolitan markets throughout North America and Europe. The company's loan portfolio encompasses various property types including office, industrial, retail, multifamily, hospitality, and mixed-use properties. The firm leverages its affiliation with Blackstone, one of the world's leading alternative asset managers, to source deal flow, conduct underwriting, and manage its investment portfolio.

The company operates with a disciplined underwriting approach, focusing on loans secured by high-quality assets with experienced sponsors. Blackstone Mortgage Trust's competitive advantages include its access to Blackstone's extensive real estate platform, deep industry expertise, and established relationships with institutional borrowers and real estate sponsors. The firm's scale and operational infrastructure enable it to efficiently originate, underwrite, and service a substantial commercial real estate debt portfolio while maintaining rigorous credit standards and risk management practices.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1061630
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-264.24M$-77.01M$110.22M$297.45M$484.68M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns BLACKSTONE MORTGAGE TRUST, INC. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

185
funds hold it
0 of 35
superinvestors hold it
$896.38M
held by funds, at market
30.6%
of shares held by funds
4
bond issues held by funds

Largest fund holders · BLACKSTONE MORTGAGE TRUST, INC.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.14%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.08%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

BLACKSTONE MORTGAGE TRUST, INC.’s bonds, as funds hold them

Funds report holding 4 issues of BLACKSTONE MORTGAGE TRUST, INC.’s debt, $328.08M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.54%, maturing 2027 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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  • “How do BLACKSTONE MORTGAGE TRUST, INC. and its peers compare on margins and cash generation over ten years?”
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