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.
Higher balances indicate greater capital allocation to the Sunbelt, while lower balances reflect reduced exposure or loan repayments.
This metric reflects the total outstanding principal amount of all loans held within the Sunbelt geographic segment. It...
Comparable to segment-level gross loan portfolio balances reported by diversified real estate finance companies.
bxmt_segment_sunbelt_principal_balance| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | 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 | $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% |