earnings
confidence high
sentiment positive
materiality 0.75
BXMT Q3 net income $63.4M; distributable EPS prior to charge-offs $0.48 covers $0.47 dividend
BLACKSTONE MORTGAGE TRUST, INC.
2025-Q3 EPS reported
$0.41
- Net income $63.4M, GAAP EPS $0.37; distributable EPS prior to charge-offs $0.48 vs $0.47 dividend, covering payout.
- Loan portfolio 96% performing (up from 94%); no new impaired loans; impaired down 71% YoY.
- $1.0B new Q3 investments including $0.6B loan originations; $1.7B originated/in closing post-quarter.
- $77M stock repurchased at avg $18.44; $1.3B liquidity; Term Loan B repriced, spread cut 100bps.
- Office exposure reduced to 29% of portfolio, down $3.7B since Q3'22.