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Blackstone Mortgage (BXMT)
NYSE:BXMT
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.37Last Year’s EPS
0.49Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: 0.05%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
BXMT demonstrated strong progress in portfolio turnover, credit composition, and balance sheet strength, but faced challenges with GAAP net loss and timing mismatches impacting earnings. The firm is well-positioned for future opportunities, though impaired loans remain a concern.Company Guidance
During the Blackstone Mortgage Trust First Quarter 2025 Investor Call, the company provided detailed guidance on its financial performance and strategic initiatives. They 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. The company paid a dividend of $0.47 per share for the first quarter. Key metrics highlighted included a $1.8 billion repayment and $1.6 billion new investments, with another $2 billion in closing in Q2. Their portfolio is 95% performing, up from 88%, and they have reduced office exposure from nearly 40% to 21%, while multifamily, industrial, and self-storage assets now comprise nearly half the portfolio. The resolution of $400 million in impaired loans contributed to a 58% reduction in impaired assets and a $64 million reversal in CECL reserves. The balance sheet is strong with $1.6 billion in liquidity and a 3.4 times debt-to-equity ratio, the lowest in three years. Blackstone issued a $1 billion CLO with a 30-month reinvestment feature, and they are actively capitalizing on investment opportunities across real estate credit markets globally, with the stock trading at about 10% below book value and offering a 10% dividend yield.Strong Portfolio Turnover and New Investments
BXMT achieved $1.8 billion of repayments and $1.6 billion in new investments, marking the highest level of quarterly originations in over two years.
Improved Credit Composition
The portfolio is now 95% performing, up from 88%, with US office exposure reduced from nearly 40% to 21%, while multifamily, industrial, and self-storage comprise nearly half of the portfolio.
Successful Impaired Loan Resolutions
Resolved $1.5 billion of impaired assets over the past six months at a premium to carrying value, reducing impaired loan balance by 58% from the peak.
Robust Balance Sheet and Liquidity
Ended the quarter with $1.6 billion in liquidity and a debt-to-equity ratio of 3.4 times, the lowest leverage level in three years.
Strategic Capital Markets Activity
Issued a $1 billion CLO with a 30-month reinvestment feature, locking in well-priced, non-recourse, non-mark-to-market financing.
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BXMT Earnings History
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
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BXMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 30, 2025 | $18.96 | $19.05 | +0.47% |
| Feb 12, 2025 | $18.48 | $18.77 | +1.57% |
| Oct 23, 2024 | $17.69 | $18.15 | +2.60% |
| Jul 24, 2024 | $18.21 | $16.09 | -11.64% |
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.
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FAQ
When does Blackstone Mortgage (BXMT) report earnings?
Blackstone Mortgage (BXMT) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Blackstone Mortgage (BXMT) earnings time?
Blackstone Mortgage (BXMT) earnings time is at Jul 23, 2025, TBA Not 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 (Q2) is 0.37.
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