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Blackstone Mortgage Trust
Blackstone Mortgage Trust (BXMT) investor relations material
Blackstone Mortgage Trust Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary29 Apr, 2026
Executive summary
Reported a GAAP net loss of $0.04 per share ($6.3 million) for Q1 2026, with distributable EPS of $0.21 and distributable EPS prior to realized gains and losses of $0.49, covering the $0.47 per share dividend for the third consecutive quarter.
Portfolio ended the quarter just under $20 billion, with 98% of the loan portfolio performing and over half secured by multifamily and industrial assets.
Closed over $540 million in new investments, including $275–$300 million in loan originations and $197–$200 million in net lease acquisitions.
Book value per share at quarter end was $20.20, reflecting CECL reserves and accumulated depreciation.
Completed over $2 billion in corporate and securitized debt financings during the quarter.
Financial highlights
Distributable EPS prior to realized gains and losses was $0.49; distributable EPS was $0.21; GAAP net loss per share was $(0.04).
Paid a $0.47 per share dividend, with a yield of approximately 9.4%–9.5%.
Book value per share at quarter-end was $20.20, down 2.7% from the prior period, mainly due to increased CECL reserves and depreciation.
Investment portfolio totaled $19.7 billion, with 82% of new investments in industrial, data center, bank loans, and net lease assets.
Loan portfolio is 98% performing, with $0.6 billion in repayments, including $0.3 billion in office loans.
Outlook and guidance
Forward pipeline remains strong with over $1 billion closed or in closing for Q2.
Portfolio repositioning continues, with increased allocation to multifamily and industrial sectors and a targeted net lease portfolio growth from 3% to potentially 10% of the overall portfolio.
Continued focus on redeploying capital from asset sales to higher-yielding investments.
Management expects continued volatility in CECL reserves, primarily driven by incremental loan impairments and broader market conditions.
Management emphasized the breadth of the platform and ongoing efforts to capture differentiated investments.
Dividend sustainability vs $0.21 Distributable EPS
Drivers of the $0.28 per share realized loss
Strategic rationale for $2B in new debt financing
Data center mezzanine loan investment strategy
Outlook for net lease portfolio growth targets
UK bank loan portfolio SRT structure and returns
Partial view of Summaries dataset, powered by Quartr API
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Latest events from Blackstone Mortgage Trust
- Annual meeting covers director elections, auditor ratification, executive pay, and ESG priorities.BXMT
Proxy filing29 Apr 2026 - Virtual annual meeting to vote on directors, auditor, and executive pay, with board support.BXMTProxy filing29 Apr 2026
- Strong 2025 results: 99% performing loans, $110M net income, and a 9.6% dividend yield.BXMTQ4 202511 Apr 2026
- Q2 net loss of $61.1M, 90% portfolio performing, $150M buyback, and focus on credit risk.BXMTQ2 20243 Feb 2026
- Q3 2024 net loss of $56.4M, $1.5B liquidity, and $1.8B in repayments support future growth.BXMTQ3 202419 Jan 2026
- Q1 2025: $0.4M net loss, $1.6B new loans, 95% performing, strong liquidity, office risk managed.BXMTQ1 202527 Dec 2025
- Q4 2024 resolved 49% of impaired loans, boosted liquidity, and set up strong 2025 growth.BXMTQ4 202420 Dec 2025
- Proxy covers director elections, auditor ratification, say-on-pay, and strong ESG governance.BXMTProxy Filing1 Dec 2025
- Annual meeting to vote on directors, auditor, and executive pay set for June 27, 2025.BXMTProxy Filing1 Dec 2025
Next Blackstone Mortgage Trust earnings date
Q2 202629 Jul, 2026
Blackstone Mortgage Trust
Next Blackstone Mortgage Trust earnings date
Q2 202629 Jul, 2026
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excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
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@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
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