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Blackstone Mortgage Trust logo

Blackstone Mortgage Trust Income Statement

Revenue, expenses, and profitability over time

Blackstone Mortgage Trust generated $2.0B in trailing twelve-month revenue, up 0.3% year-over-year. Net income was $103.6M with a 5.1% net margin. Diluted EPS is $0.60, which grew 1.4% year-over-year. Based on the Q1 2024 filing.

Total Revenue (TTM)$2.0BNet Income (TTM)$103.6MEps Diluted (TTM)$0.60
Latest FilingQ1 2024
Report Date2024-04-24
Market Cap$3.1B
P/E Ratio29.76
ROE2.92%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Expense, Net—$90K———$4K
General and administrative$13.1M$12.7M$13.5M$12.7M$13.2M$14M
Other operating income (expense), net—$90K———$4K
Other operating expenses$5.7M$90K—$6K—$4K
Provision for credit losses$19.1M$49.5M$45.6M-$987K$18.4M$55.1M
Total operating expenses$55.7M$76.2M$78.4M$72.7M$108.1M$110.8M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Operating Income—$90K———$4K
Other operating income (expense), net—$90K———$4K

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest and fee income, loans and leases$386.7M$332.1M$359.5M$346M$318.8M$305.6M
Interest and Fee Income on Loans and Leases$386.7M$332.1M$359.5M$346M$318.8M$305.6M
Interest and Fee Income on Loans and Leases$386.7M$332.1M$359.5M$346M$318.8M$305.6M
Interest and fee income, loans and leases$386.7M$332.1M$359.5M$346M$318.8M$305.6M
Interest and Fee Income, Loans and Leases$386.7M$332.1M$359.5M$346M$318.8M$305.6M
Total noninterest income$114.4M$126.9M$133.9M$132.7M$159.3M$159.4M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share—$0.00$0.04$0.37$0.23$-0.04
Diluted earnings per share—$0.00$0.04$0.37$0.23$-0.04
Weighted-average shares, basic173.8M172M171.9M171.8M171M169.1M
Weighted-average shares, diluted173.8M172M171.9M171.8M171M169.1M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments-$2.7M-$874K-$2M$3.9M$7.3M$1.4M
Interest expense$285.1M$242.2M$264.7M$247.1M$234.9M$220.7M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes—$367K$7.9M$64.9M$40.2M-$5.2M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense—$718K$903K$1.5M$535K$1.2M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income—-$357K$7M$63.4M$39.6M-$6.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Provision for credit losses$19.1M$49.5M$45.6M-$987K$18.4M$55.1M
Gains from sale of other real estate classified as OREO—$0———-$160K
Interest and Fee Income, Loans and Leases$386.7M$332.1M$359.5M$346M$318.8M$305.6M
Interest And Fee Income, Loans And Leases, Net Of Interest Expense, Operating$101.6M$89.8M$94.8M$98.9M$83.9M$84.8M
Management and incentive fees$18.7M$17.2M———$14.8M
Noninterest Expense$55.7M$76.2M$78.4M$72.7M$108.1M$110.8M
Other income, net—$90K———$4K
Expenses from owned real estate$18.4M$46.3M$47.8M$43.1M$78.4M$82M
Revenue from owned real estate$11.8M$37M$38.8M$33.7M$75.4M$74.6M