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Blackstone Mortgage Trust logo

Blackstone Mortgage Trust Cash Flow Statement

Operating, investing, and financing cash movements

Blackstone Mortgage Trust generated $363.3M in operating cash flow over the trailing twelve months. Based on the Q1 2024 filing.

Net Cash From Operating (TTM)$363.3MNet Cash From Investing (TTM)$1.9BNet Cash From Financing (TTM)-$2.1BDepreciation And Amortization Cf (TTM)$73.4MNet Change In Cash (TTM)$199.7M
Latest FilingQ1 2024
Report Date2024-04-24
Market Cap$3.1B
P/E Ratio29.76
ROE2.92%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Share of Profits (Losses) of Related Party-$2.7M-$874K-$2M$3.9M$7.3M$1.4M
Amortization of debt issuance costs$10.8M$9.3M$9.6M$8.4M$11.1M$9.1M
Change in other assets—-$37M—$61.1M-$67.6M-$99M
Change in other liabilities—-$2.8M$7.1M-$16.7M—$544K
Depreciation and amortization$8.2M$16.3M$16.6M$15M$20.9M$20.9M
Equity in income of investees-$2.7M-$874K-$2M$3.9M$7.3M$1.4M
Distributions from equity method investments$0$0———$12.3M
Income (Loss) from Equity Method Investments-$2.7M-$874K-$2M$3.9M$7.3M$1.4M
Net Gain (Loss) on Derivatives—-$2.5M-$498K-$35K—-$3.5M
Income (Loss) from Equity Method Investments-$2.7M-$874K-$2M$3.9M$7.3M$1.4M
Income (Loss) from Equity Method Investments-$2.7M-$874K-$2M$3.9M$7.3M$1.4M
Net cash from operating activities$84.5M$100.5M$57.2M$0$136.3M$169.7M
Net income—-$351K$7M$63.4M$39.6M-$6.3M
Non-cash interest expense$10.8M$9.3M$9.6M$8.4M$11.1M$9.1M
Distributions of earnings from equity method investees$0$0———$12.3M
Gains (Losses) on Sales of Other Real Estate—$0———-$160K
Equity in earnings (losses) of equity method investees-$2.7M-$874K-$2M$3.9M$7.3M$1.4M
Increase (Decrease) in Other Operating Assets—-$37M—$61.1M-$67.6M-$99M
Payment-In-Kind Interest, Net Of Interest Received$7M$3.6M$4.9M$5M$6.1M$5.1M
Realized Gains Losses On Derivative Financial Instruments Net$3.1M$5.5M$5.2M$6.2M$4.6M$7.5M
Straight Line Rent-$151K-$901K-$815K-$75K-$1.1M$1.8M
Income (Loss) from Equity Method Investments-$2.7M-$874K-$2M$3.9M$7.3M$1.4M
Stock-based compensation$7.8M$7M$7.3M$7.3M$6.7M$6.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Transfer to Other Real Estate$451.7M$34.7M$0$323.4M$207M$30.4M
Net Change in Cash Excluding Exchange Rate Effect—$343.3M——$73.9M$97.7M
Effect of exchange rate changes on cash-$6M$1.8M$6.9M—$715K-$1.1M
Net Change in Cash Excluding FX Effect—$343.3M——$73.9M$97.7M
Net increase (decrease) in cash—$343.3M——$73.9M$97.7M
Net Change in Cash Excluding Exchange Rate Effect—$343.3M——$73.9M$97.7M
Amortization Of Deferred Loan Origination Fees Net$13.6M$10.6M$16.2M$18.6M$14M$15.4M
Loan principal payments held by servicer, net$83.2M$577K$91.4M$107.5M—$6.6M
Assumption of other assets and liabilities related to owned real estate$152M$10.3M$0$37.9M$41M$10.7M
Accrued capital expenditures on owned real estate$1.1M$0——$314K$356K

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$112.5M$0$0$0$0—
Distributions to noncontrolling interests$9.1M$137K$0$75K$1.3M$2.3M
Dividends paid$81.3M$81.2M$80.6M$80.6M$80.2M$79.1M
Payments to Noncontrolling Interests$9.1M$137K$0$75K$1.3M$2.3M
Proceeds from issuance of securitized debt obligations$0$831.3M——$190.7M$880M
Proceeds From Issuance Of Senior Long Term Debt$112.5M$0$0$0$0—
Net cash from financing activities-$1.4B-$18.1M$147.3M-$823.4M—-$292.9M
Payment of debt issuance costs$12.7M$22M$6.5M$8M$17.3M$16.5M
Repurchases of common stock$18.2M$31.6M$39K$16.1M$61.8M$802K
Payments of consent fees related to long-term debt$12.7M$22M$6.5M$8M$17.3M$16.5M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Payments for Derivative Instruments (Investing)$9.5M$13.4M$114.6M$70.3M$4.7M$25.9M
Payments for Hedge, Investing Activities$9.5M$13.4M$114.6M$70.3M$4.7M$25.9M
Proceeds from Derivative Instrument Investing Activities$33.5M$93.9M$482K$1.7M$34.7M$7.9M
Capital expenditures on owned real estate-$590K-$4.3M-$2.6M-$1.6M-$4.3M-$10.5M
Payments For Collateral Deposit On Derivative Instrument, Investing Activities$7.6M$135.7M$207.8M$47.9M$41.9M$89.1M
Payments for (Proceeds from) Loans Receivable$374M$1.7B$1.8B$491.8M$1.7B$290.8M
Payments to Acquire Equity Method Investments$7.2M$25.6M$82.1M$71M$28.5M$58.9M
Return of collateral deposited under derivative agreements$51.8M$70.8M$191.1M$134.3M$16.6M$107.4M
Origination and other fees received on loans receivable$5.6M$12M$18.5M$16.4M$23.8M$12.2M
Commercial mortgage and other loans$1.7B$1.9B$1.5B$1.4B$1.4B$599.3M
Proceeds From Sale Of Other Real Estate—$0———$15.1M
Payments for and Proceeds from Loans Receivable$374M$1.7B$1.8B$491.8M$1.7B$290.8M
Net cash from investing activities$1.3B$260.9M-$492M$832.7M—$220.8M
Net change in loans and leases$374M$1.7B$1.8B$491.8M$1.7B$290.8M
Dividend Received from Consumer Healthcare JV—$0———$20.7M
Purchases of equity securities$7.2M$25.6M$82.1M$71M$28.5M$58.9M
Purchases of investments—$0———$66.7M
Investing Cash Flows from Derivatives$33.5M$93.9M$482K$1.7M$34.7M$7.9M
Distributions from DIRECTV in Excess of Earnings—$0———$20.7M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$0$782K$966K$1.7M$584K$1.9M
Interest paid$267.9M$245.4M$238.1M$253.4M$229.7M$206M
Income Taxes Paid, Net$0$782K$966K$1.7M$584K$1.9M