Geographic · Net loan exposure
Sunbelt — Net loan exposure
Blackstone Mortgage Trust Sunbelt — Net loan exposure decreased by 5.0% to $3.72B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 15.4%, from $4.40B to $3.72B. Over 2 years (FY 2023 to FY 2025), Sunbelt — Net loan exposure shows a downward trend with a -15.2% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ4 2022
Last reportedQ1 2026Apr 29, 2026
Rolls up toNet loan exposure
How to read this metric
An increase indicates growing net risk or investment in the region, while a decrease suggests risk mitigation or divestment.
Detailed definition
This metric represents the net financial exposure to loans within the Sunbelt region after accounting for participations...
Peer comparison
Similar to net investment or net exposure metrics used by REITs to define risk concentration by region.
Metric ID:
bxmt_segment_sunbelt_net_loan_exposureHistorical Data
14 periods
| 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 | $6.24B | $6.18B | $5.77B | $5.64B | $5.40B | $5.19B | $5.12B | $4.82B | $4.08B | $4.40B | $4.49B | $3.73B | $3.92B | $3.72B |
| QoQ Change | — | -1.0% | -6.7% | -2.2% | -4.3% | -3.9% | -1.4% | -5.9% | -15.2% | +7.7% | +2.0% | -16.9% | +5.1% | -5.0% |
| YoY Change | — | — | — | — | -13.5% | -16.0% | -11.3% | -14.7% | -24.4% | -15.3% | -12.4% | -22.6% | -4.0% | -15.4% |
Range$3.72B – $6.24B
CAGR-14.7%
Avg YoY Growth-15.0%
Median YoY Growth-15.0%
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Frequently Asked Questions
- What is Blackstone Mortgage Trust's sunbelt — net loan exposure?
- Blackstone Mortgage Trust (BXMT) reported sunbelt — net loan exposure of $3.72B in Q1 2026.
- How has Blackstone Mortgage Trust's sunbelt — net loan exposure changed year-over-year?
- Blackstone Mortgage Trust's sunbelt — net loan exposure decreased by 15.4% year-over-year, from $4.40B to $3.72B.
- What is the long-term trend for Blackstone Mortgage Trust's sunbelt — net loan exposure?
- Over 2 years (2023 to 2025), Blackstone Mortgage Trust's sunbelt — net loan exposure has grown at a -15.2% compound annual growth rate (CAGR), from $23.01B to $16.53B.
- What does sunbelt — net loan exposure mean?
- The net value of the company's loan investments in the Sunbelt region after adjustments.