Blackstone Mortgage Trust BXMT Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net loan exposure by Geography | ||||||
| Australia | $1.16B+9.0% | $1.11B+20.3% | $1.11B+8.3% | $1.07B-24.3% | $1.07B-22.8% | |
| Canada | $284.67M+4.1% | $288.5M— | $284.95M— | $291.68M— | $273.34M— | |
| Ireland | $1.12B+0.7% | $1.14B+8.3% | $1.19B+7.1% | $1.23B+4.0% | $1.11B-5.4% | |
| Midwest | $612.98M-23.1% | $609.43M-25.8% | $713.35M-7.7% | $723.59M-7.6% | $797.3M+2.2% | |
| Northeast | $1.76B-41.8% | $1.8B-47.9% | $2.43B-36.8% | $2.63B-32.7% | $3.02B-28.1% | |
| Northwest | $458.23M0.0% | $454.51M+5.0% | $446.75M+7.9% | $477.57M+10.2% | $458.43M+12.5% | |
| Other Europe | $894.46M+74.5% | $872.53M+93.4% | $737.16M+42.5% | $767.88M+22.0% | $512.65M-18.8% | |
| Other International | $60.76M-0.3% | $60.81M-0.2% | $60.91M+5.7% | $60.92M+5.8% | $60.94M— | |
| Spain | $508.04M-33.0% | $638.11M-14.3% | $595.01M-26.8% | $699.81M-32.7% | $758.17M-27.3% | |
| Sunbelt | $3.72B-15.4% | $3.92B-4.0% | $3.73B-22.6% | $4.49B-12.4% | $4.4B-15.3% | |
| Sweden | $487.43M+2.9% | $500.92M+16.6% | $504.85M+7.7% | $502.84M+11.8% | $473.73M+5.9% | |
| United Kingdom | $3.52B+16.7% | $3.58B+26.2% | $3.11B+1.3% | $3.64B+17.2% | $3.02B-4.1% | |
| West | $1.78B-2.1% | $1.87B+7.2% | $1.87B-22.8% | $1.86B-30.6% | $1.81B-32.9% | |
| Principal balance by Geography | ||||||
| Australia | $1.16B+8.9% | $1.1B+20.1% | $1.11B+7.8% | $1.06B-24.8% | $1.06B-22.8% | |
| Canada | $449.12M+3.4% | $455.41M— | $448.99M— | $459.29M— | $434.42M— | |
| Ireland | $1.13B+0.8% | $1.14B+8.7% | $1.2B+7.6% | $1.23B+3.9% | $1.12B-5.3% | |
| Midwest | $625.82M-33.7% | $619.73M-37.9% | $855.7M-9.5% | $866.62M-8.1% | $943.86M+1.3% | |
| Northeast | $1.86B-42.9% | $1.89B-59.0% | $2.77B-45.9% | $2.9B-43.3% | $3.25B-38.4% | |
| Northwest | $461.91M+0.5% | $457.22M+5.7% | $448.6M+8.6% | $478.75M+10.5% | $459.43M+12.9% | |
| Other Europe | $896.74M+73.2% | $875.58M+92.3% | $741.58M+42.8% | $772.12M+22.4% | $517.62M-18.1% | |
| Other International | $61.17M+0.7% | $61.07M+0.7% | $60.96M+6.0% | $60.86M+6.0% | $60.75M— | |
| Spain | $553.73M-31.0% | $684.11M-12.9% | $643.12M-24.6% | $747.84M-30.5% | $802.61M-25.8% | |
| Sunbelt | $4.51B-8.0% | $4.72B+4.3% | $4.2B-19.7% | $5.01B-9.1% | $4.9B-11.5% | |
| Sweden | $488.59M+3.2% | $502.12M+17.0% | $505.3M+8.1% | $502.79M+12.1% | $473.44M+6.2% | |
| United Kingdom | $3.53B+14.3% | $3.6B+23.3% | $3.13B-0.1% | $3.66B+15.6% | $3.09B-10.0% | |
| West | $1.84B-4.9% | $1.96B+5.2% | $1.96B-28.1% | $1.95B-32.5% | $1.94B-32.9% | |
| Net Loan Exposure Percentage of Portfolio by Geography | ||||||
| Midwest | 4%0.0pp | —— | —— | —— | 4%— | |
| Northeast | 11%-6.0pp | —— | —— | —— | 17%— | |
| Northwest | 3%0.0pp | —— | —— | —— | 3%— | |
| Other Europe | 5%+1.0pp | —— | 1%— | —— | 4%— | |
| Other International | 0%— | 0%— | 0%— | 0%— | 0%— | |
| Sunbelt | 23%-2.0pp | 1%— | —— | —— | 25%— | |
| West | 11%+1.0pp | —— | 1%-1.5pp | —— | 10%+7.5pp | |
| Number of loans by Geography | ||||||
| Australia | 40.0% | —— | —— | 1— | 4-20.0% | |
| Canada | 10.0% | —— | —— | —— | 1— | |
| Ireland | 30.0% | —— | —— | —— | 30.0% | |
| Midwest | 6-45.5% | —— | —— | —— | 11+22.2% | |
| Northeast | 17-19.0% | —— | —— | 2— | 21-27.6% | |
| Northwest | 3-25.0% | —— | —— | —— | 4-33.3% | |
| Other Europe | 7+133% | 1— | 0— | 2— | 3-40.0% | |
| Other International | 10.0% | —— | —— | —— | 1+300% | |
| Spain | 1-66.7% | —— | —— | —— | 30.0% | |
| Sunbelt | 44-8.3% | —— | —— | 1— | 48-25.0% | |
| Sweden | 10.0% | —— | —— | —— | 10.0% | |
| United Kingdom | 19+18.8% | 2— | 0— | 2— | 16-15.8% | |
| West | 23+4.5% | —— | —— | 1— | 22-24.1% | |
| 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.
