secwatch.observer — SEC 8-K summary
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Issuer:     BLACKSTONE MORTGAGE TRUST, INC. (BXMT)
CIK:        0001061630
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001061630-26-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BXMT Q1 net loss $6.3M, distributable EPS $0.21, dividend $0.47 covered
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1061630/000106163026000031/0001061630-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1061630/000106163026000031/bxmt-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001061630-26-000031

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