earnings
confidence high
sentiment positive
materiality 0.80
BXMT Q2 net income $7M; distributable EPS $0.19; portfolio grows to $18.4B
BLACKSTONE MORTGAGE TRUST, INC.
2025-Q2 EPS reported
$0.04
- GAAP EPS $0.04; Distributable EPS prior to charge-offs $0.45 excluding $45M realized loss from loan resolution.
- Portfolio $18.4B (144 loans); originated $2.6B, collected $1.6B repayments; resolved $0.2B impaired loans above carrying value.
- Book value per share $21.04; CECL reserves $755M (3.8% of principal); dividend $0.47/shr (9.7% annualized yield).
- Term Loan B repriced: reduced spread by 65bps, extended maturity to 2030; quarter-end liquidity $1.1B.
- Company canceled earnings call due to tragedy at 345 Park Avenue; CEO comments on loss of colleague.