Blackstone Mortgage Trust (BXMT)
BXMT is a publicly traded commercial mortgage REIT focused on real estate credit investments in North America, Europe and Australia.
$17B
Loan portfolio
64%
Loan-to-value
$20.99
Book value per share
As of September 30, 2025.
The Latest from BXMT
Blackstone Mortgage Trust Announces Fourth-Quarter and Full-Year 2025 Earnings Release and Conference Call
Blackstone Mortgage Trust Announces Fourth-Quarter and Full-Year 2025 Earnings Release and Conference Call
Why BXMT
BXMT is managed by Blackstone, the largest owner of commercial real estate globally
Blackstone’s assets under management
as of December 31, 2025
$1.3T
Blackstone Real Estate TEV
as of September 30, 2025
$600B+
Blackstone Real Estate Debt Strategies AUM
as of September 30, 2025
$76B
Blackstone’s assets under management
as of December 31, 2025
$1.3T
Blackstone Real Estate TEV
as of September 30, 2025
$600B+
Blackstone Real Estate Debt Strategies AUM
as of September 30, 2025
$76B
BLACKSTONE SPONSORSHIP
As the largest owner of commercial real estate, our manager has significant data and resources which enable BXMT to quickly underwrite complex transactions and partner with leading Sponsors to capture attractive investments.
GLOBAL PLATFORM
The scale of our platform provides access to a global pipeline of diversified real estate credit investments, and positions BXMT well through a range of market environments.
FINANCING ADVANTAGE
BXMT has a strong balance sheet which emphasizes long-term stability and comprises diversified financings with leading terms.
Our Portfolio
Our portfolio is predominantly composed of senior loans secured by institutional-quality real estate with top sponsors and is well diversified across asset classes and geographies.
Loan portfolio
$17B
Loans
137
W.A. origination LTV
64%
Collateral Diversification
Geographic Distribution
As of September 30, 2025. States comprising less than 1% of total loan portfolio are excluded.
Sample Transactions
Austin Multifamily
Minneapolis Industrial Portfolio
Austin Multifamily
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Stabilized Multifamily in Austin, TX
Stabilized Multifamily in Austin, TX
$37 million whole loan originated in Q1 2021, secured by a 2019-vintage, 184-unit multifamily property (55+ age demographic) in Austin, TX. The property is over 95% occupied at rents above underwriting at origination.
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Diversified Industrial Portfolio in Minneapolis, MN
Diversified Industrial Portfolio in Minneapolis, MN
$61 million whole loan originated in Q4 2024 to drive lease-up of a 706k SF, 5-asset portfolio of newly constructed industrial properties in Minneapolis, MN. The portfolio is currently leased with 6.5 years of WALT.
Loan Parameters
Primarily First Mortgage
Collateral
$50M to $500M+
Loan size
50% to 75%
Last Dollar LTV
+225bps and up
Pricing