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TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Net loan exposure by Geography
Australia$4.46B+0.5%$4.36B-8.1%$4.18B-20.6%$4.09B-26.6%$4.44B-20.1%
Canada$1.15B$1.14B
Ireland$4.67B+5.0%$4.66B+3.3%$4.58B-1.7%$4.5B-3.8%$4.45B-5.8%
Midwest$2.66B-16.2%$2.84B-9.9%$3.06B-6.0%$3.11B-8.2%$3.17B-10.3%
Northeast$8.62B-39.4%$9.88B-35.9%$11.54B-29.2%$12.95B-23.2%$14.23B-18.5%
Northwest$1.84B+5.7%$1.84B+8.9%$1.82B+10.8%$1.78B+12.4%$1.74B+16.6%
Other Europe$3.27B+55.0%$2.89B+29.7%$2.47B+2.0%$2.25B-10.0%$2.11B-15.0%
Other International$243.4M+2.6%$243.57M$243.72M$240.45M$237.13M
Spain$2.44B-27.3%$2.69B-26.1%$2.8B-29.6%$3.02B-28.3%$3.36B-21.1%
Sunbelt$15.85B-13.9%$16.53B-14.0%$16.69B-18.7%$17.78B-16.8%$18.42B-16.3%
Sweden$2B+9.6%$1.98B+10.4%$1.91B+3.7%$1.87B+2.6%$1.82B-0.8%
United Kingdom$13.86B+15.1%$13.36B+9.8%$12.61B+0.8%$12.57B-0.8%$12.04B-6.8%
West$7.38B-14.8%$7.42B-22.4%$7.3B-32.0%$7.85B-30.4%$8.67B-27.9%
Principal balance by Geography
Australia$4.43B+0.2%$4.34B-8.4%$4.15B-20.8%$4.07B-26.8%$4.42B-20.1%
Canada$1.81B$1.8B
Ireland$4.7B+5.2%$4.69B+3.5%$4.6B-1.6%$4.51B-3.8%$4.47B-5.7%
Midwest$2.97B-22.5%$3.29B-13.9%$3.66B-2.7%$3.75B-0.3%$3.83B+2.0%
Northeast$9.42B-47.9%$10.81B-46.3%$13.54B-35.2%$15.88B-25.0%$18.1B-15.8%
Northwest$1.85B+6.2%$1.84B+9.4%$1.82B+11.2%$1.78B+12.7%$1.74B+16.9%
Other Europe$3.29B+54.8%$2.91B+29.9%$2.49B+2.5%$2.26B-9.5%$2.12B-14.6%
Other International$244.06M+3.3%$243.64M$243.23M$239.76M$236.29M
Spain$2.63B-25.2%$2.88B-24.2%$2.98B-27.8%$3.19B-26.8%$3.52B-20.1%
Sunbelt$18.44B-8.6%$18.83B-9.5%$18.64B-15.1%$19.67B-12.7%$20.17B-12.0%
Sweden$2B+9.9%$1.98B+10.8%$1.91B+4.1%$1.87B+2.9%$1.82B-0.5%
United Kingdom$13.91B+13.1%$13.47B+6.6%$12.79B-3.1%$12.79B-5.8%$12.3B-12.1%
West$7.71B-18.1%$7.81B-24.7%$7.71B-33.5%$8.48B-29.1%$9.42B-24.8%
Net Loan Exposure Percentage of Portfolio by Geography
Other International0%0%0%0%
Number of loans by Geography
Other Europe106
United Kingdom2320

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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.