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Blackstone Mortgage Trust (BXMT)

BXMT is a publicly traded commercial mortgage REIT focused on real estate credit investments in North America, Europe and Australia.

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Q2 2026 Earnings Presentation

Fact Card

$20B

Investment portfolio

97%

Performing loans

65%

Loan-to-value

$19.31

Book value per share

As of June 30, 2026.

The Latest from BXMT

Blackstone Mortgage Trust Reports Second-Quarter 2026 Results
Blackstone Mortgage Trust Reports Second-Quarter 2026 Results
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Why BXMT

Blackstone’s assets under management
as of June 30, 2026

$1.3T

Blackstone Real Estate TEV
as of March 31, 2026

$600B+

Blackstone Real Estate Debt Strategies AUM
as of March 31, 2026

$78B

Blackstone’s assets under management
as of June 30, 2026

$1.3T

Blackstone Real Estate TEV
as of March 31, 2026

$600B+

Blackstone Real Estate Debt Strategies AUM
as of March 31, 2026

$78B

Key Highlights

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

Investment Diversification [ 1 ][ 2 ]

Pie Chart: Industrial, 23%; Multifamily, 21%; US Office, 16%; Non-US Office, 5%; Hospitality, 9%; Retail, 4%; Self-Storage, 3%; Life Sciences/Studio, 1%; Other Loans, 4%; Net Lease JV, 3%; Bank Loan JV, 3%; Other Investments, 1% Pie Chart: Industrial, 23%; Multifamily, 21%; US Office, 16%; Non-US Office, 5%; Hospitality, 9%; Retail, 4%; Self-Storage, 3%; Life Sciences/Studio, 1%; Other Loans, 4%; Net Lease JV, 3%; Bank Loan JV, 3%; Other Investments, 1%

Geographic Distribution [ 2 ]

Pie Chart: US, 63%; UK, 13%; Other EU, 16%; AUS, 6%; Other, 2% Pie Chart: US, 63%; UK, 13%; Other EU, 16%; AUS, 6%; Other, 2%

As of June 30, 2026.

Sample Transactions

Miami Multifamily

Miami Multifamily

Minneapolis Industrial Portfolio
  • Stabilized Multifamily in Miami, FL
    Stabilized Multifamily in Miami, FL

    $125 million whole loan originated in Q4 2024, secured by a newly renovated 480-unit multifamily property in Miami, FL. The property is 90% leased and generating strong in-place cash flow.

    Multifamily Apartments
  • 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 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

Literature

Q2 2026 Earnings Release Presentation

Q2 2026 Company Presentation

Fact Card

Blackstone’s 2025 Sustainability Report

Investment types that represent less than 1% of BXMT’s Investment Portfolio are included in Other Investments in the chart, which includes the Homebuilder Finance Joint Venture and investment in debt securities.
Assets in BXMT’s loan portfolio with multiple components are proportioned into the relevant collateral types and geographies based on their relative value.