Blackstone Mortgage Trust faces continued pressure from CECL reserves, posting a net loss of $81M and underperforming CRE REIT peers. BXMT's reported book value of $19.30/share is not credible; market-implied value is closer to $12.50/share, reflecting skepticism about asset marks. The REIT's distributable EPS consistently lags its dividend, signaling an imminent dividend cut to bring yield below 10%-11%.
BXMT, CHRD and UUUU have been added to the Zacks Rank #5 (Strong Sell) List on August 12, 2026.
Blackstone Mortgage Trust, Inc. (BXMT) Q2 2026 Earnings Call Transcript
| Mortgage Real Estate Investment Trusts (REITs) Industry | Financials Sector | Timothy Johnson CEO | XMUN Exchange | US09257W1009 ISIN |
| US Country | - Employees | 30 Sep 2026 Last Dividend | 7 May 2013 Last Split | 5 Nov 1987 IPO Date |
Blackstone Mortgage Trust, Inc. is a prominent real estate finance organization that focuses on originating senior loans backed by commercial properties across North America, Europe, and Australia. Operating as a real estate investment trust (REIT) for federal income tax purposes, the company plays a significant role in the commercial real estate market by providing senior floating rate mortgage loans. These loans are primarily secured by a first-priority mortgage on commercial real estate assets, ensuring a solid foundation for their investment portfolio. Initially established in 1998 as Capital Trust, Inc., the company underwent a name change to Blackstone Mortgage Trust, Inc. in May 2013. Positioned strategically with its headquarters in New York, New York, Blackstone Mortgage Trust, Inc. has cemented its place as a key player in the real estate finance sector.
The company offers a focused selection of financial products and services targeting the commercial real estate sector: