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Blackstone Mortgage Trust·Balance Sheet Statement·83 metrics

Breakdown

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Loans Receivable Fair Value Disclosure$21.9B$20.5B$18.3B$18.3B$18.9B$17.4B$17.9B$17.3B
Net loan exposure$20.8B$19.3B$17B$17.8B$18.4B$16.8B$16.8B$16.4B
Long-term debt, gross$16B$14.9B$13.3B$14B$13B$13.1B
2027$2.4B$2.4B$3.7B$3.6B$2.6B$3.8B
2030$525.3M$537.8M$2.7B$2.4B$2.5B$3.1B
2029$3.9B$4.6B$1.4B$1.1B$1.3B$2.3B
2028$5.4B$5.2B$4B$3.4B$3.5B$1.7B
Remainder of 2026$2B$317.9M$997.6M$703.5M$203.1M$1.4B
Remainder of Fiscal Year 2024$2B$317.9M$997.6M$703.5M$203.1M$1.4B
Acquisition Date Fair Value$33.6M$139.3M$591.6M$630.2M$632.8M$958.1M$1.2B$1.2B
Thereafter$1.8B$1.9B$496.4M$2.8B$2.9B$759.6M
Building and building improvements$75.8M$410.5M$429.2M$431.8M$555.9M$708.1M$714.2M
Cash and cash equivalents, book value$373.9M$322.1M$323.5M$668.6M$388M$377.9M$452.5M$549.2M
Shares authorized (in shares)500M500M500M500M500M500M
Aggregate sales price remaining available$480.9M$480.9M$480.9M$480.9M$480.9M$480.9M
Land and land improvements$40.8M$63.5M$181.1M$200.9M$200.9M$402.2M$461.6M$478.9M
Common stock, shares authorized (in shares)$400M$400M$400M$400M$400M$400M$400M$400M
Equity method investments (Note 11)$4.5M$29M$108.1M$182.6M$217.5M$244.4M
Common Stock, Shares Outstanding, Including Deferred Stock Units174M173.4M173.2M171.9M171.9M171.1M168.6M169M
Common stock, shares issued (in shares)$173.6M$173M$172.8M$171.6M$171.6M$170.7M$168.3M$168.7M
Common Stock, Shares, Outstanding$173.6M$173M$172.8M$171.6M$171.6M$170.7M$168.3M$168.7M
Operating Loss Carryforwards$159M$159M$159M$159M$159M$159M
Intangible real estate assets$19.2M$83.3M$95.6M$95.6M$130.1M$161.7M$158.3M
Thereafter$37.3M$40.4M$72.9M$130.8M
Other real estate liabilities$72M$85.4M$80.8M$114.4M$127.7M$124.8M
AOCI - Cash Flow Hedge Reclassification (Next 12 Months)$226.8M$136.5M$272.1M$211.6M$68.4M$93.6M$86.6M$111M
Real estate intangible assets, net$18.6M$77.3M$81.4M$71.1M$96.7M$117.1M$106.2M
Equity Method Investments Fair Value Disclosure$0$55.9M$104.9M$111M$101.3M
Preferred Stock, Shares Authorized$100M$100M$100M$100M$100M$100M
Financing Receivable, Unamortized Loan Cost (Fee) and Purchase Premium (Discount)-$139.8M-$159.2M-$155.6M-$168.1M-$168.2M-$121.6M-$85.6M-$81.5M
Debt securities$0$66.1M
Remainder of fiscal 2026$40.8M$30M$17.8M$62.8M
Intangible Real Estate Acquired Through Foreclosure, Accumulated Depreciation$598K$6M$14.2M$24.4M$33.4M$44.6M$52.1M
Operating Lease Income - 2023 (Lessor)$23.2M$24.9M$41.7M$50.1M
Operating Lease Income - 2024 (Lessor)$23.2M$24.9M$41.7M$50.1M
Real Estate Acquired Through Foreclosure, Accumulated Depreciation$185K$616K$3.4M$10.4M$17.5M$24.5M$34.7M$44M
Land and land improvements$63.5M$15M$15M$221M$22.8M
Cost-recovery proceeds$76.3M$99M$106.7M$117.1M$109.2M$69.2M$24.5M$20.3M
Management fee payable$18.5M$16.8M$16.4M$14.8M
Accrued management and incentive fees payable$18.7M$18.6M$18.5M$17.2M$17M$16.8M$16.4M$14.8M
Off-Balance-Sheet, Credit Loss, Liability$9.9M$8.3M$10.4M$10.5M$11.7M$13.7M$11.6M$13.1M
Other components$1.5M-$4.2M-$4.2M-$1M$10.7M
Common shares reserved for issuance (in shares)10M10M10M10M10M10M
Number of shares available for future issuance (in shares)10M10M10M10M10M10M
Gross Assets/Liabilities$24.4M$50.3M$5.2M$68.2M$95.7M$2.6M$26.6M$9M
Derivative Liability$24.4M$50.3M$5.2M$68.2M$95.7M$2.6M$26.6M$9M
Building and building improvements$75.7M$19.7M$19.7M$137.1M$7.6M
Accounts receivable and other assets$7.5M$8.2M$134M$11.3M$57.7M$114.2M$56.8M$7M
Collateral already posted, aggregate fair value$15.9M$49.1M$4.8M$69.6M$86.4M$0$25.3M$7M
Loan portfolio payments held by servicer$0$131.3M$113.2M$1.9M$94.3M$429.7M$27.4M$6.8M
Guarantor Obligations - Maximum Exposure$5.5M$3.5M$3.5M$5.5M$5.5M$5.5M
Indemnification Liability Maximum Exposure$5.5M$3.5M$3.5M$5.5M$5.5M$5.5M
Value of financial guarantee (up to)$5.5M$3.5M$3.5M$5.5M$5.5M$5.5M
Intangible Real Estate Liabilities Acquired Through Foreclosure, Gross$1.4M$1.5M$1.5M$4.5M$4M$4M
Intangible real estate liabilities, net$1.4M$1.4M$1.2M$4.2M$3.4M$3.1M
Noncontrolling interests in subsidiaries$20.1M$15.8M$6.9M$6.8M$6.8M$6.7M$5.5M$3.1M
Debt repayments pending servicer remittance$0$105.1M$3.7M$1.3M$48.9M$335.4M$11.7M$2.8M
Cash collateral$95.5M$46.6M$105.2M$55.5M$2.6M
Less: accumulated amortization-$1K-$104K-$233K-$317K-$570K-$844K
Below Market Lease, Amortization Income, Year One$282K$281K$1.1M$758K
Remainder 2022$285K$159K$292K$675K
Below Market Lease, Amortization Income, Year Two$254K$253K$995K$637K
Below Market Lease, Amortization Income, Year Three$174K$114K$872K$512K
Below Market Lease, Amortization Income, Year Four$138K$138K$498K$302K
Below Market Lease, Amortization Income, after Year Four$242K$301K$431K$257K
Guarantor obligations, current carrying value$32K$20K$19K$32K$32K$32K
Number of Assets0.00224.00686.00711.00768.00
Share price (in dollars per share)$19$20$19.3$18.4$19.2
Number of REO assets classified as held for sale investment1.003.007.008.008.0010.0012.0013.00
Weighted-average risk rating300.0%310.0%300.0%300.0%310.0%300.0%300.0%300.0%
Number of benefit plans2.002.002.002.002.002.00
Percentage of loans by principal balance, floating rate98.0%98.0%97.0%97.0%
Percent of loans not subject to prepayment restrictions88.0%86.0%90.0%83.0%74.0%69.0%60.0%59.0%
Percent of loans subject to prepayment restrictions12.0%14.0%10.0%17.0%26.0%31.0%40.0%41.0%
Management core earnings fee percentage7.0%7.0%7.0%7.0%7.0%7.0%
Weighted-average cash coupon (percentage)3.4%3.4%3.5%3.4%3.3%3.2%3.2%3.2%
Percentage of loans by principal balance, fixed rate2.0%2.0%3.0%3.0%
Common stock, par value (in dollars per share)$0$0$0$0$0$0$0$0
Acquired intangible assets$19.2M$14.5M$14.5M$49.2M$0
Preferred Stock, Shares Issued$0$0$0$0$0$0$0$0
Preferred Stock, Shares Outstanding$0$0$0$0$0$0$0$0
Share Repurchase Program, Authorized, Amount$150M$31.6M$31.6M$150M

Metrics

AOCI - Cash Flow Hedge Reclassification (Next 12 Months)

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Gross Assets/Liabilities

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Guarantor Obligations - Maximum Exposure

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Indemnification Liability Maximum Exposure

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Operating Lease Income - 2023 (Lessor)

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Operating Lease Income - 2024 (Lessor)

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Accounts receivable and other assets

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Accrued management and incentive fees payable

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Below Market Lease, Amortization Income, after Year Four

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Below Market Lease, Amortization Income, Year One

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Remainder 2022

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Below Market Lease, Amortization Income, Year Four

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Below Market Lease, Amortization Income, Year Three

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Below Market Lease, Amortization Income, Year Two

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Building and building improvements

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Building and building improvements

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Cash and cash equivalents, book value

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Cash collateral

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Collateral already posted, aggregate fair value

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Shares authorized (in shares)

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Common stock, par value (in dollars per share)

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Common stock, shares authorized (in shares)

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Common stock, shares issued (in shares)

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Common Stock, Shares, Outstanding

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Common Stock, Shares Outstanding, Including Deferred Stock Units

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Long-term debt, gross

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Debt securities

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Derivative Liability

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Number of shares available for future issuance (in shares)

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Common shares reserved for issuance (in shares)

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Equity method investments (Note 11)

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Equity Method Investments Fair Value Disclosure

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Number of Assets

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Net loan exposure

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Cost-recovery proceeds

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Percent of loans not subject to prepayment restrictions

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Percent of loans subject to prepayment restrictions

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Financing Receivable, Unamortized Loan Cost (Fee) and Purchase Premium (Discount)

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Weighted-average risk rating

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Guarantor obligations, current carrying value

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Value of financial guarantee (up to)

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Intangible Real Estate Acquired Through Foreclosure, Accumulated Depreciation

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Acquired intangible assets

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Intangible real estate assets

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Real estate intangible assets, net

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Less: accumulated amortization

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Intangible real estate liabilities, net

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Intangible Real Estate Liabilities Acquired Through Foreclosure, Gross

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Land and land improvements

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Land and land improvements

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Thereafter

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Remainder of fiscal 2026

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Loan portfolio payments held by servicer

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Weighted-average cash coupon (percentage)

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Loans Receivable Fair Value Disclosure

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Percentage of loans by principal balance, fixed rate

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Percentage of loans by principal balance, floating rate

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Remainder of 2026

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Thereafter

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Management core earnings fee percentage

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Management fee payable

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Noncontrolling interests in subsidiaries

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Off-Balance-Sheet, Credit Loss, Liability

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Operating Loss Carryforwards

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NOL limitation per annum

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Other components

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Other real estate liabilities

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Preferred Stock, Shares Authorized

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Preferred Stock, Shares Issued

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Preferred Stock, Shares Outstanding

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Real Estate Acquired Through Foreclosure, Accumulated Depreciation

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Acquisition Date Fair Value

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Number of REO assets classified as held for sale investment

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Aggregate sales price remaining available

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Debt repayments pending servicer remittance

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Number of benefit plans

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Share price (in dollars per share)

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Share Repurchase Program, Authorized, Amount

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Remainder of Fiscal Year 2024

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