Blackstone Mortgage Trust, Inc. (BXMT) Stock

Blackstone Mortgage Trust, Inc. (BXMT) is a Real Estate stock trading at $14.28 (as of 2026-08-21), with a market capitalization of $2.41B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Blackstone Mortgage Trust, Inc. is a real estate finance company that provides senior loans backed by commercial property collateral in North America, Europe, and Australia. It operates as a real estate investment trust for federal income tax purposes and focuses on distributing taxable income to stockholders.

Understand Blackstone Mortgage Trust, Inc.: how it makes money

Blackstone Mortgage Trust originates senior loans collateralized by commercial properties in North America, Europe, and Australia, and generates income from its real estate lending activities while operating as a REIT that generally avoids U.S. federal income taxes by distributing at least 90% of taxable income.

Its profit model is tied to the senior commercial-property loans it originates, and its tax structure depends on distributing at least 90% of taxable income to generally avoid U.S. federal income taxes.

Business quality (Weak): The provided facts are high level (business model and REIT tax rule) but there are no segment or operating KPI disclosures in the input, so the operating driver focus cannot be pinned to a specific metric.

Valuation: At 29× earnings, BXMT trades 13% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Focused lending business: The company originates senior loans collateralized by commercial properties across North America, Europe, and Australia.
  • REIT tax framework can reduce U.S. federal income tax exposure: It operates as a REIT for federal income tax purposes and generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income.

Bear case

  • Credit and collateral risk: Because its loans are collateralized by commercial properties, declines in property values or loan performance can hurt results.
  • Ongoing distribution requirement: To generally avoid U.S. federal income taxes, it must distribute at least 90% of taxable income, which can constrain flexibility.
Valuation — source: SEC EDGAR (first-party)
Price$14.28
Market Cap$2.41B
EV / EBITDA18.5
Price / Book0.74
Price / Sales1.90
DCF Value (model)$12.20
DCF Upside vs Price-14.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.36B
Net Margin8.1%
Revenue Growth (YoY)-23.3%
EPS Growth (YoY)-154.7%
Valuation vs Sector & Industry
Sector P/E (Real Estate)27.2
Industry P/E (Trading)35.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($468.19M)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorReal Estate
IndustryTrading
CEOTimothy Johnson
Employees0
CountryUS
IPO Date1980-12-29

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BXMT earnings history · BXMT institutional & insider holders · BXMT KPIs & operating metrics · BXMT financials · BXMT investor presentations & press releases · BXMT SEC filings · BXMT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.