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Blackstone Mortgage (DE:079A)
FRANKFURT:079A
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.34Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed meaningful progress on credit performance, active capital markets execution, diversified deal origination and a clear strategy to redeploy capital—supported by strong liquidity and funding improvements. However, significant Q4 reserve charge-offs and related DE volatility highlight execution and earnings risks in the near term, and some held REO and subordinated losses will weigh on short-term performance. On balance, the positives around a 99% performing portfolio, improved funding costs, strong origination/trading volumes, active deployment and shareholder returns outweigh the quarter's charge-off–driven weakness.Company Guidance
Strong Operating Performance and Credit Improvement
Loan portfolio 99% performing by year-end; resolved $575 million of impaired loans in Q4, reducing impaired loan balance to just under $90 million; upgraded six loans in Q4; no new impaired loans or watchlist additions in Q4.
Recovering Earnings Power
Distributable earnings (DE) prior to charge-offs of $0.51 per share in Q4, covering the $0.47 quarterly dividend for the second consecutive quarter and up over 20% versus Q1 2025.
Active Capital Deployment and Portfolio Growth
Closed approximately $7 billion of investments in 2025 (≈85% in multifamily, industrial, net lease and bank loan portfolios); investment portfolio grew to $20 billion (from $19.5 billion prior quarter) including $18 billion loan portfolio, $1.3 billion owned real estate and ~$900 million at-share in bank loan/net lease JV positions.
Large Origination and Trading Volume via Global Platform
Global real estate debt platform closed over $20 billion of private loan originations and acquisitions and traded more than $15 billion of real estate securities in 2025, supporting a broad proprietary pipeline across US, Europe and Australia.
Capital Markets and Funding Execution
Executed over $5 billion of corporate and securitized debt transactions in past 12 months (including $2.8 billion of corporate term loan repricings/extensions), which reduced weighted average borrowing spread by nearly 90 basis points year over year and extended liability duration.
Improving Market Liquidity and Origination Demand
CMBS issuance rose ~40% year-over-year in 2025 to its highest level since the GFC; new loan requests in January were up ~50% year-over-year, indicating renewed transaction activity and deal flow.
Shareholder Returns and Capital Allocation
Delivered a 21% total return to shareholders in 2025; repurchased approximately $140 million of stock since program inception in July 2024 (including $60 million this quarter); book value ended year at $20.75 per share, with buybacks contributing ~$0.30 per share in 2025.
Improved Reserve and Book Value Dynamics
Total CECL reserves decreased nearly 60% quarter-over-quarter following charge-offs; book value benefited from a net $33 million CECL recovery from above-carrying-value resolutions and includes $0.47 per share accumulated D&A and $1.76 per share total CECL reserves.
Liquidity, Funding Diversity and Balance Sheet Strength
Ended year with $1 billion of liquidity, debt-to-equity within target range, weighted average corporate debt maturity of 4.3 years with no maturities until 2027; executed a $1 billion CLO in January and inaugural European CMBS issuance in December; borrowing counterparties expanded to 15 providing ~$19 billion capacity; non-mark-to-market borrowings increased to ~85% from 67%.
Strategic Portfolio Diversification
Net lease and acquired bank loans now represent ~5% of portfolio (from 0% at start of 2025); net lease portfolio >$300 million at share with another ~$200 million closing; bank loan purchases (~$600 million at BXMT share) have generated ~$80 million of repayments since acquisition.
DE:079A 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
DE:079A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | €16.23 | €16.34 | +0.74% |
Oct 29, 2025 | €15.21 | €15.07 | -0.90% |
Jul 30, 2025 | €15.73 | €15.62 | -0.72% |
Apr 30, 2025 | €15.39 | €15.30 | -0.57% |
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 (DE:079A) report earnings?
Blackstone Mortgage (DE:079A) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Blackstone Mortgage (DE:079A) earnings time?
Blackstone Mortgage (DE:079A) earnings time is at Apr 29, 2026, 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 the P/E ratio of Blackstone Mortgage stock?
The P/E ratio of Blackstone Mortgage is N/A.
What is DE:079A EPS forecast?
DE:079A EPS forecast for the fiscal quarter 2026 (Q1) is 0.34.