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Blackstone Mortgage Trust Reports Third-Quarter 2026 Results
[October 29, 2026]

Blackstone Mortgage Trust Reports Third-Quarter 2026 Results


Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its third-quarter 2026 results. The net loss attributable to Blackstone Mortgage Trust for the quarter was $327 million. Third-quarter EPS, Distributable EPS, Distributable EPS prior to realized gains and losses, and dividends paid per basic share were $(1.95), $0.38, $0.42, and $0.47, respectively.

In addition, BXMT declared a dividend of $0.30 per share of class A common stock with respect to the fourth quarter of 2026. This dividend is payable on January 15, 2027, to stockholders of record as of December 31, 2026.

Tim Johnson, Chief Executive Officer said, "BXMT continued to drive portfolio turnover this quarter, reducing legacy exposure. While higher rates and an elongated office recovery impacted our reserves and book value, our watchlist is now at the lowest level since 2019, and the remainder of our legacy portfolio is performing well and shrinking rapidly. After considering a variety of factors, our Board has declared a fourth quarter dividend of $0.30 per share, which we believe can be sustained through a range of rate and credit environments. With a stable, well-structured balance sheet, strong liquidity, and the breadth and scale of Blackstone's global platform, we believe BXMT is well-positioned to dynamically allocate capital and deliver strong risk-adjusted returns for our shareholders."

Blackstone Mortgage Trust issued a full presentation of its third-quarter 2026 results, which can be viewed at www.bxmt.com. An updated investor presentation may also be viewed on the website.

Quarterly Investor Call Details
Blackstone Mortgage Trust will host a conference call today at 9:00 a.m. ET to discuss results. To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1777665&tp_key=b7e1256e55 For those unable to listen to the live broadcast, a recorded replay will be available on the company's website at www.bxmt.com beginning approximately two hours after the event.

About Blackstone Mortgage Trust Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates, acquires and manages senior loans and other debt or credit-oriented investments collateralized by or relating to commercial real estate in North America, Europe, and Australia. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income. Our portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These loans are financed in a variety of ways, depending on our view of the most prudent strategy available for each of our investments. We are externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone. Further information is available at www.bxmt.com.

About Blackstone
Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's nearly $1.4 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Forward-Looking Statements and Other Matters
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect BXMT's current views with respect to, among other things, its operations and financial performance, future dividends, its legacy portfolio performance, its business plans and their impact, and the impact of the current macroeconomic environment, including interest rate changes. You can identify these forward-looking statements by the use of words such as "outlook," "objective," "indicator," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. BXMT believes these factors include but are not limited to those described under the section entitled "Risk Factors" in its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in its periodic filings with the Securities and Exchange Commission ("SEC") which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the filings. BXMT assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.


We refer to "Distributable EPS" and "Distributable EPS prior to realized gains and losses," which are non-GAAP financial measures, in this press release. A reconciliation to net income attributable to Blackstone Mortgage Trust, the most directly comparable GAAP measure, is included in our full detailed presentation of second-quarter 2026 results and is available on our website at www.bxmt.com.


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