---
schema_version: "secwatch.filing_event.v1"
accession: "0001061630-23-000072"
form_type: "8-K"
ticker: "BXMT"
cik: "0001061630"
company_name: "BLACKSTONE MORTGAGE TRUST, INC."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T09:45:29.220851+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Blackstone Mortgage Trust Q3 2023: GAAP EPS $0.17, Distributable EPS $0.78, dividend coverage 126%

## Summary
- Net income of $30M; GAAP EPS $0.17 vs. $0.60 in Q3 2022; Distributable EPS $0.78, up 10% YoY.
- Declared Q3 dividend of $0.62/share; 126% covered by Distributable Earnings; $27M excess earnings added to book value.
- CECL reserve increased by $96.9M to $477M (39% YTD); 95% of loan portfolio performing (vs. 99% a year ago).
- Book value $25.90/share, down 1% YTD despite higher CECL reserves; $1.8B liquidity; no corporate debt maturities until 2026.
- Collected $1.0B of loan repayments in Q3; weighted-average origination LTV of 64%; 185 senior loans in portfolio.

## SEC filing metadata
- accession: 0001061630-23-000072
- form_type: 8-K
- ticker: BXMT
- cik: 0001061630
- company_name: BLACKSTONE MORTGAGE TRUST, INC.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1061630/000106163023000072/0001061630-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1061630/000106163023000072/bxmt-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001061630-23-000072
- JSON: https://secwatch.observer/filing/0001061630-23-000072.json
- Plain text: https://secwatch.observer/filing/0001061630-23-000072.txt

## Key facts
- Earnings Releases
  BLACKSTONE MORTGAGE TRUST, INC. reported third quarter 2023 results: net income $30 million, EPS $0.17.
  - Period: third quarter 2023
  - Net income: $30 million
  - EPS: $0.17
  - Result: reported results
  source text: Net income attributable to Blackstone Mortgage Trust for the third quarter was $30 million. Third quarter EPS, Distributable EPS, and dividends paid per basic share were $0.17, $0.78, and $0.62, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1061630/000106163023000072/0001061630-23-000072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.