The earnings call highlighted strong progress in portfolio turnover, credit composition improvements, and balance sheet optimization, indicating a positive trajectory for the company. Despite a GAAP net loss and timing mismatches affecting earnings, the overall sentiment remains optimistic due to strong efforts in impaired loan resolution and a positive economic return.

Company Guidance -

Q3 2025

During Blackstone Mortgage Trust's first-quarter 2025 investor call, the company highlighted several key metrics and strategic initiatives. The firm reported a GAAP net loss of effectively $0.00 and distributable earnings of $0.17 per share, with distributable earnings prior to charge-offs at $0.42 per share. A significant focus was on portfolio turnover, with $1.8 billion in repayments and $1.6 billion in new investments, marking the highest level of quarterly originations in over two years. The portfolio's credit composition improved, with 95% performing assets and a reduced U.S. office exposure from nearly 40% to 21%. Additionally, the company addressed $400 million in impaired loan resolutions, contributing to a $64 million reversal in CECL reserves. The balance sheet remained robust with $1.6 billion in liquidity and a debt-to-equity ratio of 3.4 times, the lowest in three years. The company also issued a $1 billion CLO with a 30-month reinvestment feature, enhancing its capital structure flexibility. Overall, Blackstone Mortgage Trust emphasized its strategic focus on minimizing credit risk, optimizing its balance sheet, and leveraging its global origination platform to capitalize on market opportunities.

Strong Portfolio Turnover and New Investments

BXMT achieved $1.8 billion in repayments and $1.6 billion in new investments, marking the highest level of quarterly originations in over two years. Additionally, $2 billion in loans are closed or in closing for Q2.

Improved Credit Composition

BXMT's portfolio is now 95% performing, up from 88% at the trough. U.S. office exposure decreased from nearly 40% to 21%, with multifamily, industrial, and self-storage comprising nearly half of the portfolio.

Balance Sheet Optimization

BXMT ended the quarter with $1.6 billion of liquidity and a debt-to-equity ratio of 3.4 times, the lowest in three years. The issuance of a $1 billion CLO with a 30-month reinvestment feature enhanced the capital structure.

Positive Economic Shareholder Return

BXMT delivered a positive economic return for the second consecutive quarter, with a book value of $21.42 per share and a $0.47 per share dividend.

Significant Progress in Impaired Loan Resolution

Resolved $400 million of impaired assets this quarter, contributing to a $64 million reversal in CECL reserves. The impaired loan balance reduced by 58% from the peak.

Blackstone Mortgage (BXMT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BXMT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.36 / -	0.39	―	―	―
Jul 30, 2025	2025 (Q2)	0.37 / 0.19	0.49	-61.22% (-0.30)		―
Apr 30, 2025	2025 (Q1)	0.26 / 0.17	0.33	-48.48% (-0.16)
Feb 12, 2025	2024 (Q4)	-1.04 / -1.25	0.69	-281.16% (-1.94)
Oct 23, 2024	2024 (Q3)	0.32 / 0.39	0.78	-50.00% (-0.39)
Jul 24, 2024	2024 (Q2)	0.45 / 0.49	0.79	-37.97% (-0.30)
Apr 24, 2024	2024 (Q1)	0.43 / 0.33	0.79	-58.23% (-0.46)
Feb 14, 2024	2023 (Q4)	0.64 / 0.69	0.87	-20.69% (-0.18)
Oct 25, 2023	2023 (Q3)	0.69 / 0.78	0.71	9.86% (+0.07)
Jul 26, 2023	2023 (Q2)	0.66 / 0.79	0.67	17.91% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BXMT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$19.37	$18.64	-3.77%
Apr 30, 2025	$18.51	$18.60	+0.49%
Feb 12, 2025	$18.04	$18.33	+1.61%
Oct 23, 2024	$17.27	$17.72	+2.61%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Blackstone Mortgage (BXMT) report earnings?

Blackstone Mortgage (BXMT) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Blackstone Mortgage (BXMT) earnings time?

Blackstone Mortgage (BXMT) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BXMT EPS forecast?

BXMT EPS forecast for the fiscal quarter 2025 (Q3) is 0.36.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing