BXMT
Blackstone Mortgage Trust, Inc.
There isn't enough reported data to score BXMT yet.
BXMT Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| N/A | |
| N/A |
BXMT's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for real estate companies like BXMT.
BXMT PE Valuation
BXMT has no meaningful PE right now: it lost money over the past year.
BXMT Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect BXMT's revenue to grow, but its earnings and profitability to decline. However, they disagree widely on these estimates.
BXMT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.21 | — |
| Q3 2026 | -$2.24 | -461% |
| Q2 2026 | $0.08 | +$0.15 |
| Q1 2026 | $0.60 | +$1.06 |
| Q4 2025 | $0.64 | +$1.81 |
| Q3 2025 | $0.62 | +$2.01 |
| Q2 2025 | -$0.07 | +$0.83 |
| Q1 2025 | -$0.46 | -1633% |
| Q4 2024 | -$1.17 | -183% |
BXMT has swung to a loss: it lost $2.24 per share over the past year, after a profit the year before.
BXMT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2024 | $142.4M | -18% |
| Q4 2023 | $153.8M | -20% |
| Q3 2023 | $165.4M | +5.9% |
| Q2 2023 | $177.3M | +21% |
| Q1 2023 | $174.2M | +30% |
| Q4 2022 | $191.1M | +9.9% |
| Q3 2022 | $156.2M | +33% |
| Q2 2022 | $147.1M | +29% |
BXMT's revenue has slid since its 2022 peak: $142M last quarter, down 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2024 | -86% | -155 points |
| Q4 2023 | -0.7% | +23 points |
| Q3 2023 | 19% | -48 points |
| Q2 2023 | 58% | -5.9 points |
| Q1 2023 | 69% | -5.9 points |
| Q4 2022 | -24% | -96 points |
| Q3 2022 | 67% | -4.6 points |
| Q2 2022 | 64% | -52 points |
BXMT's operating margin was −86% last quarter, down 155 points from the same quarter a year ago, near the bottom of its range since 2019.
BXMT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$18.5M | -$273K |
| Q2 2026 | $65.2M | +14% |
| Q1 2026 | $169.7M | +69% |
| Q4 2025 | $136.3M | +61% |
| Q3 2025 | -$18.2M | -121% |
| Q2 2025 | $57.2M | -43% |
| Q1 2025 | $100.5M | +6.2% |
| Q4 2024 | $84.5M | -23% |
BXMT's free cash flow was $353M over the past year, up 57% from the year before. Free cash flow isn't a meaningful measure for real estate companies like BXMT.
BXMT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -1M shares |
| 1 year | -2.2% | -3.9M shares |
| 3 years | -2.7% | -4.7M shares |
| 5 years | +13% | +18.7M shares |
| Available history | +29% | +37.9M shares |
BXMT has 168M diluted shares, down 2.2% from a year ago, with $102M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $36M |
| Q2 2026 | $3M |
| Q1 2026 | $802,000 |
| Q4 2025 | $61.8M |
| Q3 2025 | $16.1M |
| Q2 2025 | $39,000 |
| Q1 2025 | $31.6M |
| Q4 2024 | $18.2M |
BXMT spent $102M buying back its own shares over the past year, up 54% from the year before.
BXMT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 8.0x | High |
| Q1 2026 | 1.3x | Healthy |
| Q4 2025 | 1.8x | Healthy |
| Q3 2025 | 4.0x | High |
BXMT's net debt is about 8.0 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for real estate companies like BXMT.
BXMT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 22.8 | Oversold |
| Stochastic | 16.7 | Oversold |
BXMT's weekly RSI is 23 (oversold) and its Stochastic is 17 (oversold).
BXMT PE vs Real Estate Sector
| Metric | BXMT | Sector median | Relative |
|---|---|---|---|
| PE | 133x | 24x | 454% above |
| PE % | 92 | 23 | 69 pts above |
BXMT has no meaningful PE right now: it lost money over the past year.
BXMT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.1 | 2.3% below |
| 20 week MA | $13.4 | 19% below |
| 50 week MA | $16.8 | 36% below |
| 100 week MA | $17.9 | 40% below |
| 200 week MA | $18.9 | 43% below |
BXMT is in a downtrend: it's below all five of its weekly moving averages, and 43% below its 200-week average.
BXMT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $38.2 | $28.4 | -26% |
| 2021 | $28.4 | $31.5 | +11% |
| 2022 | $31.5 | $22.4 | -29% |
| 2023 | $22.4 | $21.3 | -5% |
| 2024 | $21.3 | $17.9 | -16% |
| 2025 | $17.9 | $19.8 | +11% |
| 2026 YTD | $19.8 | $10.8 | -45% |
BXMT has finished lower in four of the last six years. It's down 45% so far in 2026.