Quarterly ResultApr 29, 2026, 06:52 AM
BXMT Q1 Net Loss $(6.3)M, EPS $(0.04); Distributable EPS $0.49
AI Summary
Blackstone Mortgage Trust, Inc. reported a Q1 2026 net loss attributable to the company of $(6.3) million, resulting in a GAAP EPS of $(0.04). However, Distributable EPS prior to realized gains and losses was $0.49, covering the $0.47 per share dividend paid. The company completed over $2 billion in corporate and securitized debt financings, including issuing a $1.0 billion CLO and re-pricing/upsizing a $0.7 billion Term Loan B, enhancing its balance sheet and liquidity.
Key Highlights
- BXMT Q1 GAAP Net Loss $(6.3)M, with GAAP EPS of $(0.04).
- Distributable EPS prior to realized gains and losses was $0.49.
- Paid Q1 dividend of $0.47 per share, equating to a 9.4% annualized yield.
- Total Q1 investments were $0.5B, including $0.3B in loan originations.
- Investment portfolio stands at $19.7B, with 98% performing loans.
- Issued a $1.0B commercial real estate CLO and re-priced/upsized $0.7B Term Loan B.
- Maintained strong liquidity of $1.0B with no corporate debt maturities until 2027.