earnings
confidence high
sentiment negative
materiality 0.75
BXMT reports Q2 net loss of $81.2M; CECL reserves rise to $410M
BLACKSTONE MORTGAGE TRUST, INC.
2026-Q2 EPS reported
-$0.52
- GAAP EPS $(0.48); Distributable EPS $0.31; Distributable EPS prior to realized gains/losses $0.48.
- CECL reserves increased $106M QoQ to $410M; loan portfolio 97% performing.
- Q2 investments $1.4B (78% residential/industrial/net lease); loan repayments $1.2B.
- Book value per share $19.31; paid $0.47 dividend.
- Issued $0.5B Senior Secured Notes due 2031; debt-to-equity 3.9x.