BLACKSTONE MORTGAGE TRUST, INC. BXMT

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

References herein to "Blackstone Mortgage Trust," "company," "we," "us," or "our" refer to Blackstone Mortgage Trust,

Inc., a Maryland corporation, and its subsidiaries unless the context specifically requires otherwise.

Blackstone Mortgage Trust is a real estate finance company that originates, acquires, and manages senior loans and other

debt or credit-oriented investments collateralized by or relating to commercial real estate in North America, Europe, and

Last close 10.60 2026-10-23
Market cap $1.79B 2026-06-30 share count
52-week range 10.12 - 20.66

Valuation FY2025 figures against the last close

P/S—
P/E16.6x
P/FCF6.5x
EV/EBITDA—
Dividend yield18.1%
Diluted EPS0.64

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue ——$2.04B$1.34B$854.7M$779.6M$882.7M$756.1M$537.9M$498.0M
SG&A $52.2M$53.9M$51.1M$52.2M$43.2M$45.9M$38.9M$35.5M$29.9M$27.7M
Interest expense ——$1.37B$710.9M$340.2M$347.5M$458.5M$359.6M$234.9M$184.3M
Pre-tax income $113.3M-$199.5M$255.3M$254.1M$422.7M$140.7M$306.9M$286.1M$218.3M$246.6M
Income tax $3.7M$2.4M$5.4M$3.0M$423.0K$323.0K$506.0K$308.0K$314.0K$196.0K
Net income $109.6M-$204.1M$246.6M$248.6M$419.2M$137.7M$305.6M$285.1M$217.6M$238.3M
EPS, basic 0.64-1.171.431.462.770.972.35———
EPS, diluted 0.64-1.171.431.462.770.972.352.502.272.53
Shares, diluted (wtd. avg.) 171.0M173.8M172.7M170.6M151.5M141.8M130.1M———

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $452.5M$323.5M$350.0M$291.3M$551.2M$290.0M$150.1M$105.7M$102.5M$75.6M
Total assets $20.00B$19.80B$24.04B$25.35B$22.70B$16.96B$16.55B$14.47B$10.26B$8.81B
Long-term debt ——$16.50B$17.58B$15.07B$9.98B$11.45B$9.62B——
Total liabilities $16.50B$16.01B$19.65B$20.81B$18.08B$13.05B$12.77B$11.09B$7.34B$6.32B
Retained earnings -$1.95B-$1.73B-$1.15B-$968.7M-$794.8M-$829.3M-$592.5M-$569.4M-$567.2M-$541.1M
Total equity $3.50B$3.79B$4.39B$4.54B$4.62B$3.90B$3.78B$3.37B$2.92B$2.49B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $275.9M$366.5M$458.8M$396.8M$382.5M$336.6M$304.0M$290.0M$227.5M$236.7M
Stock-based compensation $28.3M$31.8M$30.7M$33.4M$31.6M$34.5M$30.7M$28.2M$24.0M$21.9M
Investing cash flow $359.4M$3.50B$1.44B-$3.25B-$5.63B-$88.3M-$1.87B-$4.25B-$780.8M$434.1M
Financing cash flow -$514.4M-$3.88B-$1.85B$2.61B$5.51B-$110.8M$1.61B$3.96B$574.7M-$699.6M
Dividends paid $322.7M$404.0M$426.9M$421.4M$370.7M$348.9M$321.0M$277.3M$235.0M$232.8M
Buybacks $109.5M$29.2M$0$0——————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-191913.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 498M Net income, FY2016: 238.3M Revenue, FY2017: 537.9M Net income, FY2017: 217.6M Revenue, FY2018: 756.1M Net income, FY2018: 285.1M Revenue, FY2019: 882.7M Net income, FY2019: 305.6M Revenue, FY2020: 779.6M Net income, FY2020: 137.7M Revenue, FY2021: 854.7M Net income, FY2021: 419.2M Revenue, FY2022: 1.3B Net income, FY2022: 248.6M Revenue, FY2023: 2B Net income, FY2023: 246.6M Net income, FY2024: -204.1M Net income, FY2025: 109.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $498.0M $537.9M $756.1M $882.7M $779.6M $854.7M $1.34B $2.04B — —
Gross profit — — — — — — — — — —
Net income $238.3M $217.6M $285.1M $305.6M $137.7M $419.2M $248.6M $246.6M -$204.1M $109.6M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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