earnings
confidence high
sentiment negative
materiality 0.70
BXMT Q1 net loss $6.3M, distributable EPS $0.21, dividend $0.47 covered
BLACKSTONE MORTGAGE TRUST, INC.
2026-Q1 EPS reported
-$0.04
- GAAP net loss of $6.3M ($0.04/share loss) vs $0.4M loss in Q1 2025; revenue $159.4M.
- Distributable EPS of $0.21; distributable EPS prior to realized gains/losses $0.49, covering the $0.47 dividend.
- Loan portfolio 98% performing; book value $20.20/share, including $1.80/share CECL reserves and $0.57 depreciation.
- $0.5B in Q1 investments (82% industrial/data center/bank loans); $1.0B+ in new investments closed or in closing post-quarter.
- Issued $1.0B reinvesting CLO; repriced $0.7B Term Loan B (spread -50bps); $1.0B liquidity with 16 banks.