Blackstone Mortgage Trust Spain — Net loan exposure decreased by 20.4% to $508.04M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 33.0%, from $758.17M to $508.04M. Over 2 years (FY 2023 to FY 2025), Spain — Net loan exposure shows a downward trend with a -20.9% CAGR.
Higher values indicate greater credit risk exposure to the region, while lower values suggest a reduced footprint or conservative capital allocation.
The net amount of capital at risk in the specified geographic segment, calculated as the financing receivable excluding...
Comparable to 'Net Book Value' or 'Net Exposure' metrics used by REITs and lenders to assess credit risk.
bxmt_segment_spain_net_loan_exposure| Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.20B | $1.10B | $1.09B | $1.04B | $1.08B | $1.04B | $1.04B | $813.04M | $744.29M | $758.17M | $699.81M | $595.01M | $638.11M | $508.04M |
| QoQ Change | — | -9.1% | -0.9% | -3.7% | +3.3% | -3.3% | -0.3% | -21.8% | -8.5% | +1.9% | -7.7% | -15.0% | +7.2% | -20.4% |
| YoY Change | — | — | — | — | -10.4% | -4.8% | -4.1% | -22.2% | -31.0% | -27.3% | -32.7% | -26.8% | -14.3% | -33.0% |