Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc. is a real estate finance company primarily focused on originating, acquiring, and managing senior mortgage loans collateralized by commercial real estate. The company targets high-quality, institutional assets in major markets across North America, Europe, and Australia, leveraging the global platform of its manager, Blackstone Inc. As a REIT, its core value proposition is generating attractive risk-adjusted returns for stockholders through a portfolio of primarily floating-rate debt investments.
Financials
Based on Q1 2026 filing
Business Segments
Commercial Real Estate Debt
primaryThe company operates as a single segment focused on the origination and acquisition of senior mortgage loans and other credit-oriented investments. These investments are typically secured by first priority mortgages on diverse commercial properties including industrial, office, hospitality, and retail assets.
Senior Loans, Floating Rate Mortgage Loans, Pari Passu Participations, Subordinate Mortgage Interests, Mezzanine Loans, Collateralized Loan Obligations (CLOs)
Real estate investment owners, Institutional property operators, Commercial real estate sponsors
Business Overview
Competitive Position
A leading commercial mortgage REIT that benefits from the scale, market data, and sourcing capabilities of the world's largest commercial real estate owner.
Geographies
North America, Europe, Australia
Customer Segments
Institutional Investors, Commercial Real Estate Developers
Upstream Dependencies
Capital markets for equity and debt issuance, Secured credit facility providers, Blackstone Inc. for management and sourcing
Downstream Customers
Commercial real estate borrowers, Institutional property sponsors, Regional banks (via loan portfolio acquisitions)
Competitors & Partners
Competitors
Apollo Commercial Real Estate Finance
ARI
Direct competitor in commercial real estate debt origination.
Starwood Property Trust
STWD
Direct competitor in the commercial mortgage REIT sector.
KKR Real Estate Finance Trust
KREF
Competitor managed by a large alternative asset manager.
Ladder Capital
LADR
Direct competitor in commercial real estate lending
Arbor Realty Trust
ABR
Competitor in commercial real estate debt investments
Franklin BSP Realty Trust
FBRT
Direct competitor in commercial real estate lending and mortgage REIT sector
TPG RE Finance Trust, Inc.
TRTX
Direct competitor in the commercial mortgage REIT sector.
Claros Mortgage Trust
CMTG
Direct competitor in the commercial mortgage REIT sector
Ares Commercial Real Estate
ACRE
Direct competitor in the commercial mortgage REIT sector.
Seven Hills Realty Trust
SEVN
Publicly traded commercial mortgage REIT competitor.
NexPoint Real Estate Finance
NREF
Peer commercial mortgage REIT and institutional competitor.
ACRES Commercial Realty
ACR
Direct competitor in commercial mortgage lending
Granite Point Mortgage Trust
GPMT
Direct competitor in the commercial mortgage REIT sector
Lument Finance Trust
LFT
Direct competitor in the commercial real estate mortgage REIT sector
Subsidiaries
BXMT Advisors L.L.C.
The external manager responsible for day-to-day operations and investment activities.
Blackstone Mortgage Trust FAQ
Common questions about Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc. is a real estate finance company primarily focused on originating, acquiring, and managing senior mortgage loans collateralized by commercial real estate. The company targets high-quality, institutional assets in major markets across North America, Europe, and Australia, leveraging the global platform of its manager, Blackstone Inc. As a REIT, its core value proposition is generating attractive risk-adjusted returns for stockholders through a portfolio of primarily floating-rate debt investments.
Blackstone Mortgage Trust (BXMT) has a market capitalization of $3.1B and trades on NYSE.
Blackstone Mortgage Trust generated $2.0B in trailing twelve-month revenue with net income of $103.6M, representing a net margin of 5.1%. These figures are based on the Q1 2024 filing.
Blackstone Mortgage Trust's key competitors include Apollo Commercial Real Estate Finance, Inc., Starwood Property Trust, Inc., KKR Real Estate Finance Trust Inc., and others. These companies compete in similar markets and product categories.
Blackstone Mortgage Trust has approximately 29 employees.