NYSE$BXMT

Blackstone Mortgage Trust Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Blackstone Mortgage Trust reported Q1 2025 revenue of $126.9M, a net loss of $357.0K, diluted EPS of $0.00.

For Q1 2025, Blackstone Mortgage Trust reported Revenue was $126.9M, net loss was $357.0K, diluted EPS was $0.00. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $126.9M for Q1 2025.
  • Net loss $357.0K.
  • Diluted EPS $0.00.

Headline financials

Total Revenue

$217M

Previous: $142M+52.2%
EPS (adj)

$0.00

Previous: -$0.71+100.0%
Total Assets

$20M

No prior period
Total Liabilities

$16.3M

No prior period
Total Equity

$3.69M

No prior period
Loans Receivable, Net

$18.3M

No prior period
Secured Debt, Net

$10M

No prior period
Securitized Debt, Net

$2.56M

No prior period
Asset-Specific Debt, Net

$492K

No prior period
Loan Participations Sold, Net

$102K

No prior period
Term Loans, Net

$1.73M

No prior period
Senior Secured Notes, Net

$779K

No prior period
Convertible Notes, Net

$264K

No prior period
Other Liabilities

$341K

No prior period
Cash and Cash Equivalents

$669K

No prior period
Owned Real Estate, Net

$620K

No prior period
Investments in Unconsolidated Entities

$29K

No prior period
Other Assets

$332K

No prior period
Management & Incentive Fees

$17.2K

No prior period
General & Administrative Expenses

$12.7K

No prior period
Expenses from Owned Real Estate

$46.3K

No prior period
Increase in CECL Reserve

-$49.5K

No prior period
Income Tax Provision

$718.00

No prior period
Net Income Attributable to NCI

-$6.00

No prior period
Weighted Avg Shares Outstanding

172.0M

No prior period
Dividend per Share

$0.47

No prior period
Number of Loans

138

No prior period
Principal Balance

$19.2M

No prior period
WA Cash Coupon

3.4%

No prior period
WA All-in Yield

3.7%

No prior period
WA Max Maturity (Years)

2.3

No prior period
Origination LTV

63.3%

No prior period
Debt-to-Equity Ratio

3.4

No prior period
Book Value per Share

$21.42

No prior period
Capital Expenditures

-$4.26M

Previous: $0.00
Net Income

-$357K

Previous: -$124M+99.7%
Operating Income

$367.00

Previous: $110M-100.0%

Revenue & EPS history

Blackstone Mortgage Trust · Revenue · Quarterly

$217M

Q1 2025+52.2%vs Q1 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Mortgage REIT outlook depends on net interest spreads, hedging, and book value.

Tailwinds

  • Agency MBS positioning can benefit from rate volatility.
  • Liquidity supports portfolio repositioning.

Headwinds

  • Prepayment and spread compression pressure NII.
  • Credit reserves and funding costs affect earnings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.3%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.4%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+15.3%

Q1 2020

Best reaction

-13.6%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.6%-5.4%-8.7%
Q4 2025+2.0%-0.4%-5.4%
Q3 2025+3.4%+2.3%+7.3%
Q1 2025+0.5%-0.3%-0.4%
Q4 2024+1.6%+7.4%+8.9%
Q3 2024+1.7%-0.3%+0.3%
Q2 2024-11.3%-8.2%-8.2%
Q1 2024-7.7%-6.4%-9.4%
Q4 2023+11.6%+9.5%+11.1%
Q3 2023-1.2%-1.4%+10.0%
Q2 2023+0.4%+2.5%-5.8%
Q1 2023+10.1%+5.8%+8.5%
Q4 2022-7.8%-5.2%-21.6%
Q3 2022+3.4%+4.0%+5.0%
Q2 2022+6.1%+5.6%+1.5%
Q1 2022+0.1%-3.5%+0.9%
Q4 2021+1.8%+1.8%+2.6%
Q3 2021+1.2%+2.8%-4.9%
Q2 2021+2.5%+2.2%+3.7%
Q1 2021-1.2%-2.3%-2.6%
Q4 2020-0.3%+0.9%+11.5%
Q3 2020+3.2%+7.9%+27.6%
Q2 2020+2.8%+0.7%+2.4%
Q1 2020+15.3%+14.0%+22.2%
Q4 2019+2.5%+2.8%-26.2%
Q3 2019-0.6%-1.0%-1.3%
Q2 2019-2.0%-1.0%-1.7%
Q1 2019+2.7%+3.2%+3.6%
Q4 2018-1.1%-3.0%+0.2%
Q3 2018+2.2%+0.5%+6.0%
Q2 2018+0.9%+0.6%+4.2%
Q1 2018-0.5%+0.6%+3.0%
Q4 2017+2.9%+4.4%+5.4%
Q3 2017+1.1%+0.8%+3.6%
Q2 2017-1.5%-2.0%+0.1%
Q1 2017+1.8%+0.8%+2.3%
Q4 2016-2.2%-2.6%-2.4%
Q3 2016+1.0%+0.3%-0.4%
Q2 2016+1.1%+1.3%+1.4%
Q1 2016+2.0%
Q4 2015+4.8%
Q3 2015+0.8%
Q2 2015+0.8%
Q1 2015-0.4%
Q4 2014-1.9%
Q3 2014-0.4%
Q2 2014+0.4%
Q1 2014-0.2%
Q4 2013+0.1%
Q3 2013-1.0%
Q2 2013-1.4%
Q1 2013-1.8%
Q1 2010-1.8%
Q4 2012-1.8%
Q3 2012+0.0%
Q2 2012+5.5%
Q1 2011-5.2%
Q1 2012+4.8%
Q4 2011-5.1%
Q4 2009-5.1%
Q3 2011-5.2%
Q3 2010-5.2%
Q2 2011-13.6%
Q4 2010-13.6%
Q2 2010-13.6%

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