secwatch.observer — SEC 8-K summary
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Issuer:     BLACKSTONE MORTGAGE TRUST, INC. (BXMT)
CIK:        0001061630
Form:       8-K
Filed at:   2026-02-11T23:59:59+00:00
Accession:  0001061630-26-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061630/000106163026000011/0001061630-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061630/000106163026000011/bxmt-20260211.htm
  HTML page:      https://secwatch.observer/filing/0001061630-26-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer