Blackstone Mortgage Trust BXMT Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net loan exposure by Geography | ||||||
| Australia | $1.16B+4.6% | $1.11B-0.3% | $1.11B+3.9% | $1.07B+0.6% | $1.07B+15.5% | |
| Canada | $284.67M-1.3% | $288.5M+1.2% | $284.95M-2.3% | $291.68M+6.7% | $273.34M— | |
| Ireland | $1.12B-1.6% | $1.14B-4.6% | $1.19B-3.1% | $1.23B+10.6% | $1.11B+5.9% | |
| Midwest | $612.98M+0.6% | $609.43M-14.6% | $713.35M-1.4% | $723.59M-9.2% | $797.3M-2.9% | |
| Northeast | $1.76B-2.3% | $1.8B-26.0% | $2.43B-7.6% | $2.63B-13.0% | $3.02B-12.5% | |
| Northwest | $458.23M+0.8% | $454.51M+1.7% | $446.75M-6.5% | $477.57M+4.2% | $458.43M+5.9% | |
| Other Europe | $894.46M+2.5% | $872.53M+18.4% | $737.16M-4.0% | $767.88M+49.8% | $512.65M+13.6% | |
| Other International | $60.76M-0.1% | $60.81M-0.2% | $60.91M0.0% | $60.92M0.0% | $60.94M0.0% | |
| Spain | $508.04M-20.4% | $638.11M+7.2% | $595.01M-15.0% | $699.81M-7.7% | $758.17M+1.9% | |
| Sunbelt | $3.72B-5.0% | $3.92B+5.1% | $3.73B-16.9% | $4.49B+2.0% | $4.4B+7.7% | |
| Sweden | $487.43M-2.7% | $500.92M-0.8% | $504.85M+0.4% | $502.84M+6.1% | $473.73M+10.2% | |
| United Kingdom | $3.52B-1.7% | $3.58B+15.1% | $3.11B-14.5% | $3.64B+20.8% | $3.02B+6.2% | |
| West | $1.78B-5.1% | $1.87B-0.1% | $1.87B+0.6% | $1.86B+2.6% | $1.81B+3.9% | |
| Principal balance by Geography | ||||||
| Australia | $1.16B+4.7% | $1.1B-0.2% | $1.11B+4.0% | $1.06B+0.2% | $1.06B+15.4% | |
| Canada | $449.12M-1.4% | $455.41M+1.4% | $448.99M-2.2% | $459.29M+5.7% | $434.42M— | |
| Ireland | $1.13B-1.5% | $1.14B-4.6% | $1.2B-2.9% | $1.23B+10.5% | $1.12B+6.2% | |
| Midwest | $625.82M+1.0% | $619.73M-27.6% | $855.7M-1.3% | $866.62M-8.2% | $943.86M-5.3% | |
| Northeast | $1.86B-1.9% | $1.89B-31.6% | $2.77B-4.5% | $2.9B-10.8% | $3.25B-29.5% | |
| Northwest | $461.91M+1.0% | $457.22M+1.9% | $448.6M-6.3% | $478.75M+4.2% | $459.43M+6.2% | |
| Other Europe | $896.74M+2.4% | $875.58M+18.1% | $741.58M-4.0% | $772.12M+49.2% | $517.62M+13.7% | |
| Other International | $61.17M+0.2% | $61.07M+0.2% | $60.96M+0.2% | $60.86M+0.2% | $60.75M+0.2% | |
| Spain | $553.73M-19.1% | $684.11M+6.4% | $643.12M-14.0% | $747.84M-6.8% | $802.61M+2.2% | |
| Sunbelt | $4.51B-4.4% | $4.72B+12.2% | $4.2B-16.1% | $5.01B+2.2% | $4.9B+8.5% | |
| Sweden | $488.59M-2.7% | $502.12M-0.6% | $505.3M+0.5% | $502.79M+6.2% | $473.44M+10.3% | |
| United Kingdom | $3.53B-1.8% | $3.6B+14.9% | $3.13B-14.5% | $3.66B+18.5% | $3.09B+5.9% | |
| West | $1.84B-6.2% | $1.96B+0.3% | $1.96B+0.2% | $1.95B+0.9% | $1.94B+3.8% | |
| Net Loan Exposure Percentage of Portfolio by Geography | ||||||
| Midwest | 4%— | —— | —— | —— | 4%+3.0pp | |
| Northeast | 11%— | —— | —— | —— | 17%— | |
| Northwest | 3%— | —— | —— | —— | 3%+2.0pp | |
| Other Europe | 5%— | —— | 1%— | —— | 4%+2.0pp | |
| Other International | 0%— | 0%— | 0%— | 0%— | 0%— | |
| Sunbelt | 23%+22.0pp | 1%— | —— | —— | 25%— | |
| West | 11%— | —— | 1%— | —— | 10%+7.5pp | |
| Number of loans by Geography | ||||||
| Australia | 4— | —— | —— | 1-75.0% | 4— | |
| Canada | 1— | —— | —— | —— | 1— | |
| Ireland | 3— | —— | —— | —— | 3— | |
| Midwest | 6— | —— | —— | —— | 11+1,000% | |
| Northeast | 17— | —— | —— | 2-90.5% | 21— | |
| Northwest | 3— | —— | —— | —— | 4— | |
| Other Europe | 7+600% | 1— | 0-100% | 2-33.3% | 3— | |
| Other International | 1— | —— | —— | —— | 1+300% | |
| Spain | 1— | —— | —— | —— | 3— | |
| Sunbelt | 44— | —— | —— | 1-97.9% | 48— | |
| Sweden | 1— | —— | —— | —— | 1— | |
| United Kingdom | 19+850% | 2— | 0-100% | 2-87.5% | 16— | |
| West | 23— | —— | —— | 1-95.5% | 22— | |
| Acquisition Date Fair Value by Geography | ||||||
| San Francisco, CA | $41.08M— | —— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Blackstone Mortgage Trust break its business down?
- Blackstone Mortgage Trust (BXMT) reports net loan exposure by geography across 13 parts — Australia, Canada, Ireland, Midwest and Northeast. Each is extracted from the segment footnotes and tracked over time.
- Where does Blackstone Mortgage Trust's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Blackstone Mortgage Trust's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
