---
schema_version: "secwatch.filing_event.v1"
accession: "0001061630-25-000057"
form_type: "8-K"
ticker: "BXMT"
cik: "0001061630"
company_name: "BLACKSTONE MORTGAGE TRUST, INC."
filed_at: "2025-04-30T23:59:59+00:00"
generated_at: "2026-05-23T01:54:36.204620+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BXMT posts near-zero GAAP EPS in Q1; distributable EPS prior to charge-offs $0.42

## Summary
- Net loss of $0.4M; GAAP EPS $(0.00). Distributable EPS $0.17, prior to charge-offs $0.42.
- Originated $1.6B in loans, repaid $1.8B; debt-to-equity ratio improved to 3.4x.
- Resolved $0.4B of impaired loans above carrying value; performing portfolio at 95% vs 93% Q4.
- Book value per share $21.42; paid Q1 dividend $0.47; repurchased $32M stock at avg $17.63.
- Liquidity $1.6B; issued $1.0B reinvesting CLO; no material corporate debt maturing until 2027.

## SEC filing metadata
- accession: 0001061630-25-000057
- form_type: 8-K
- ticker: BXMT
- cik: 0001061630
- company_name: BLACKSTONE MORTGAGE TRUST, INC.
- filed_at: 2025-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1061630/000106163025000057/0001061630-25-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1061630/000106163025000057/bxmt-20250430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001061630-25-000057
- JSON: https://secwatch.observer/filing/0001061630-25-000057.json
- Plain text: https://secwatch.observer/filing/0001061630-25-000057.txt

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