NYSE$BXMT

Blackstone Mortgage Trust Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Blackstone Mortgage Trust Inc reported net income of $7.0 million for the second quarter ended June 30, 2025.

The company generated total net revenues of $133.9 million from its loan portfolio. Net income attributable to common stockholders was $7.0 million or $0.04 per share. The loan portfolio had a principal balance of $19.9 billion with 144 loans outstanding.

  • Originated or acquired $2.6 billion of loans during the quarter with net fundings of $172 million.
  • Recorded a $45.6 million increase in CECL reserves bringing the total to $740.9 million.
  • Book value per share was $21.04 net of $4.39 per share in cumulative CECL reserves.
  • Declared a quarterly dividend of $0.47 per share.

Headline financials

Total Revenue

$229M

Previous: $127M+80.4%
EPS (adj)

$0.04

Previous: -$0.35+111.4%
Total Assets

$20.6B

No prior period
Total Liabilities

$17B

No prior period
Total Equity

$3.62B

No prior period
Loans Receivable, Net

$19B

No prior period
value

$10.7B

No prior period
Cash and Cash Equivalents

$388M

No prior period
Weighted Avg Shares Outstanding

171.9M

No prior period
Dividends Declared Per Share

$0.47

No prior period
Number of Loans

144

No prior period
Principal Balance

$19.9B

No prior period
Net Income

$6.97M

Previous: -$61.1M+111.4%
Operating Income

$165M

Previous: -$245M+167.4%
Cash & Equivalents

$388M

No prior period

Revenue & EPS history

Blackstone Mortgage Trust · Revenue · Quarterly

$229M

Q2 2025+80.4%vs Q2 2024
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The company continues to focus on originating senior loans collateralized by high-quality institutional assets in major markets.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-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
Q2 2025
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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro