---
schema_version: "secwatch.filing_event.v1"
accession: "0001061630-26-000011"
form_type: "8-K"
ticker: "BXMT"
cik: "0001061630"
company_name: "BLACKSTONE MORTGAGE TRUST, INC."
filed_at: "2026-02-11T23:59:59+00:00"
generated_at: "2026-05-16T03:12:50.467802+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BXMT Q4 2025: GAAP EPS $0.24, Distributable EPS prior to charge-offs $0.51, dividend covered

## Summary
- Full-year 2025 GAAP net income $110M; GAAP EPS $0.64; Distributable EPS prior to charge-offs $1.86; dividend $1.88.
- Q4 distributable EPS prior to charge-offs $0.51 covers $0.47 dividend (9.6% annualized yield based on $19.61 price).
- Total 2025 investments $6.8B: $5.7B loan originations (80% multifamily/industrial) and $1B in bank loan/lease acquisitions.
- Loan portfolio 99% performing; impaired loan balance reduced 96% from $2.3B peak to $0.1B; no new watchlist loans in Q4.
- CECL reserves down 60% YoY to $296M; book value $20.75; $109M stock repurchased at $18.20 average price.

## SEC filing metadata
- accession: 0001061630-26-000011
- form_type: 8-K
- ticker: BXMT
- cik: 0001061630
- company_name: BLACKSTONE MORTGAGE TRUST, INC.
- filed_at: 2026-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1061630/000106163026000011/0001061630-26-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1061630/000106163026000011/bxmt-20260211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001061630-26-000011
- JSON: https://secwatch.observer/filing/0001061630-26-000011.json
- Plain text: https://secwatch.observer/filing/0001061630-26-000011.txt

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