Geographic · Principal balance

Sunbelt — Principal balance

Blackstone Mortgage Trust Sunbelt — Principal balance decreased by 4.4% to $4.51B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 8.0%, from $4.90B to $4.51B. Over 3 years (FY 2022 to FY 2025), Sunbelt — Principal balance shows a downward trend with a -10.3% CAGR.

Analysis

StatementSegment
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2020
Last reportedQ1 2026Apr 29, 2026
Rolls up toNet loans

How to read this metric

Higher balances indicate greater capital allocation to the Sunbelt, while lower balances reflect reduced exposure or loan repayments.

Detailed definition

This metric reflects the total outstanding principal amount of all loans held within the Sunbelt geographic segment. It...

Peer comparison

Comparable to segment-level gross loan portfolio balances reported by diversified real estate finance companies.

Metric ID: bxmt_segment_sunbelt_principal_balance

Historical Data

18 periods
 Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$5.91B$6.54B$6.53B$6.44B$6.54B$6.29B$5.92B$5.81B$5.66B$5.54B$5.51B$5.24B$4.52B$4.90B$5.01B$4.20B$4.72B$4.51B
QoQ Change+10.7%-0.1%-1.4%+1.5%-3.8%-5.9%-1.9%-2.6%-2.1%-0.5%-5.0%-13.7%+8.5%+2.2%-16.1%+12.2%-4.4%
YoY Change+10.7%-3.8%-9.3%-9.7%-13.5%-12.0%-7.0%-9.9%-20.1%-11.5%-9.1%-19.7%+4.3%-8.0%
Range$4.20B$6.54B
CAGR-6.2%
Avg YoY Growth-8.5%
Median YoY Growth-9.5%

Frequently Asked Questions

What is Blackstone Mortgage Trust's sunbelt — principal balance?
Blackstone Mortgage Trust (BXMT) reported sunbelt — principal balance of $4.51B in Q1 2026.
How has Blackstone Mortgage Trust's sunbelt — principal balance changed year-over-year?
Blackstone Mortgage Trust's sunbelt — principal balance decreased by 8.0% year-over-year, from $4.90B to $4.51B.
What is the long-term trend for Blackstone Mortgage Trust's sunbelt — principal balance?
Over 3 years (2022 to 2025), Blackstone Mortgage Trust's sunbelt — principal balance has grown at a -10.3% compound annual growth rate (CAGR), from $26.05B to $18.83B.
What does sunbelt — principal balance mean?
The total dollar amount of outstanding principal for loans in the Sunbelt region.