Blackstone Mortgage Trust is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Our portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These senior loans are capitalized by accessing a variety of financing options, including borrowing under our credit facilities, issuing CLOs or single-asset securitizations, and syndicating senior loan participations, depending on our view of the most prudent financing option available for each of our investments. We are not in the business of buying or trading securities, and the only securities we own are the retained interests from our securitization financing transactions, which we have not financed. We are externally managed by BXMT Advisors L.L.C., or our Manager, a subsidiary of Blackstone Inc., or Blackstone, and are a REIT, traded on the New York Stock Exchange, or NYSE, under the symbol “BXMT.” Our principal executive offices are located at 345 Park Avenue, 24th Floor, New York, New York 10154. We were incorporated in Maryland in 1998, when we reorganized from a California common law business trust into a Maryland corporation.

Company profile
Ticker
BXMT
Exchange
Website
CEO
Stephen Plavin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CAPITAL TRUST INC
SEC CIK
Corporate docs
Subsidiaries
345-1 Partners, LLC • 345-2 Partners, LLC • 345-3 Partners, LLC • 345-4 Partners, LLC • 345-30 Partners, LLC • 345-40 Partners, LLC • 345-50 Partners, LLC • 345-7501 MM, LLC • 345-JV Partners, LLC • 345-Lux EUR Partners, LLC ...
IRS number
946181186
BXMT stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Blackstone Mortgage Trust Reports Second Quarter 2023 Results
26 Jul 23
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
26 Jul 23
10-Q
2023 Q2
Quarterly report
26 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
26 Jun 23
DEFA14A
Additional proxy soliciting materials
2 May 23
DEFR14A
Revised proxy
2 May 23
ARS
2022 FY
Annual report to shareholders
27 Apr 23
DEFA14A
Additional proxy soliciting materials
27 Apr 23
DEF 14A
Definitive proxy
27 Apr 23
8-K
Blackstone Mortgage Trust Reports First Quarter 2023 Results
26 Apr 23
Transcripts
BXMT
Earnings call transcript
2023 Q1
26 Apr 23
BXMT
Earnings call transcript
2022 Q4
8 Feb 23
BXMT
Earnings call transcript
2022 Q3
26 Oct 22
BXMT
Earnings call transcript
2022 Q2
27 Jul 22
BXMT
Earnings call transcript
2022 Q1
27 Apr 22
BXMT
Earnings call transcript
2021 Q4
9 Feb 22
BXMT
Earnings call transcript
2021 Q3
27 Oct 21
BXMT
Earnings call transcript
2021 Q2
28 Jul 21
BXMT
Earnings call transcript
2021 Q1
28 Apr 21
BXMT
Earnings call transcript
2020 Q4
10 Feb 21
Latest ownership filings
4
Katharine A Keenan
12 Sep 23
4
Anthony F. Marone JR
12 Sep 23
144
Notice of proposed sale of securities
11 Sep 23
144
Notice of proposed sale of securities
11 Sep 23
4
Anthony F. Marone JR
7 Sep 23
4
Katharine A Keenan
7 Sep 23
144
Notice of proposed sale of securities
6 Sep 23
144
Notice of proposed sale of securities
6 Sep 23
4
Anthony F. Marone JR
30 Aug 23
4
Katharine A Keenan
30 Aug 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 482.86 mm | 482.86 mm | 482.86 mm | 482.86 mm | 482.86 mm | 482.86 mm |
Cash burn (monthly) | 10.98 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 34.28 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 448.58 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 40.8 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
56.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 311 |
Opened positions | 42 |
Closed positions | 66 |
Increased positions | 118 |
Reduced positions | 87 |
13F shares | Current |
---|---|
Total value | 1.87 tn |
Total shares | 96.79 mm |
Total puts | 5.00 mm |
Total calls | 1.67 mm |
Total put/call ratio | 3.0 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 16.17 mm | $336.56 bn |
BLK Blackrock | 13.65 mm | $284.11 bn |
BX Blackstone | 7.26 mm | $151.12 bn |
Blackstone Holdings III | 6.02 mm | $203.93 mm |
Geode Capital Management | 3.83 mm | $79.65 bn |
STT State Street | 3.79 mm | $81.14 bn |
MS Morgan Stanley | 3.06 mm | $63.74 bn |
BAC Bank Of America | 3.02 mm | $62.82 bn |
Charles Schwab Investment Management | 2.37 mm | $49.33 bn |
Citadel Advisors | 1.90 mm | $39.58 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Sep 23 | Marone Anthony F. JR | Class A Common Stock | Sell | Dispose S | No | Yes | 23.245 | 485 | 11.27 k | 50,495 |
11 Sep 23 | Keenan Katharine A | Class A Common Stock | Sell | Dispose S | No | Yes | 23.205 | 2,275 | 52.79 k | 150,284 |
6 Sep 23 | Keenan Katharine A | Class A Common Stock | Sell | Dispose S | No | Yes | 22.7495 | 1,160 | 26.39 k | 152,559 |
6 Sep 23 | Marone Anthony F. JR | Class A Common Stock | Sell | Dispose S | No | Yes | 22.745 | 401 | 9.12 k | 50,980 |
30 Aug 23 | Keenan Katharine A | Class A Common Stock | Sell | Dispose S | No | Yes | 21.98 | 2,274 | 49.98 k | 153,719 |
News
Keefe, Bruyette & Woods Maintains Market Perform on Blackstone Mortgage Trust, Raises Price Target to $22.5
27 Jul 23
Citigroup Maintains Neutral on Blackstone Mortgage Trust, Raises Price Target to $22
27 Jul 23
JP Morgan Maintains Neutral on Blackstone Mortgage Trust, Raises Price Target to $23
27 Jul 23
Blackstone Mortgage Trust Q2 Earnings Top Estimates
26 Jul 23
Earnings Scheduled For July 26, 2023
26 Jul 23
Press releases
Blackstone Mortgage Trust Announces Third Quarter 2023 Earnings Release and Conference Call
2 Oct 23
Blackstone Mortgage Trust Declares $0.62 Per Share Dividend
15 Sep 23
Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600
1 Sep 23
Vornado Realty Trust, Hudson Pacific, Blackstone, and New York City Economic Development Corporation to Create Public-Private Partnership and First Purpose-Built Studio Campus in Manhattan at Pier 94
30 Aug 23
Blackstone Mortgage Trust Reports Second Quarter 2023 Results
26 Jul 23