Blackstone Mortgage Trust, Inc. (BXMT) reported a third-quarter 2026 GAAP net loss attributable of $327 million, or $1.95 per share. Distributable EPS, a non-GAAP measure, was $0.38, and Distributable EPS before realized gains and losses was $0.42. Total net revenue was $141.9 million, compared with $132.6 million in Q3 2025. BXMT paid $0.47 per basic share for Q3 and declared a fourth-quarter Class A dividend of $0.30 per share, payable January 15, 2027, to stockholders of record December 31, 2026.
Q3 loan repayments and sales totaled $2.3 billion, and the investment portfolio was $17.0 billion. Watchlist loans declined 56% since Q2 to $0.9 billion. Quarter-end liquidity was $1.3 billion, and 89% of debt was non-MTM debt with no capital markets MTM provisions. BXMT also repurchased $36 million of Class A common stock at a weighted average purchase price of $14.09 per share.
Blackstone Mortgage Trust, Inc. reported a $327.005 million net loss attributable to the company for the third quarter of 2026, compared with $63.397 million of income a year earlier. For the first nine months, it reported a $414.524 million attributable loss versus $70.009 million of income. The quarter included a $63.909 million valuation adjustment on eight loans classified as held-for-sale and $36.371 million of impairment charges on three owned real estate assets.
As of September 30, 2026, CECL reserves on held-for-investment loans were $597.324 million, compared with $284.440 million at December 31, 2025. Quarterly reserves increased $199.5 million, primarily as asset-specific reserves rose following impairment of six additional loans; income accrual on those loans was suspended. The company agreed to sell the eight held-for-sale loans for estimated net proceeds of $615.6 million, and the sale closed after quarter-end. Nine-month operating cash flow was $216.483 million, compared with $139.565 million in 2025.
Blackstone Mortgage Trust, Inc. (BXMT) director Leonard W. Cotton acquired 2,989 Class A common shares on October 15, 2026, representing Class A Common Stock Units in lieu of dividends payable; the units convert into shares one-for-one. The dividend was $0.47 per share, and the reported per-share price was $10.78. His reported direct holdings afterward were 101,992 shares, including 176 shares acquired since his last filing through a dividend reinvestment plan.
Henry N. Nassau, a director of Blackstone Mortgage Trust, Inc. (BXMT), acquired 4,967 Class A Common Stock Units on October 15, 2026, in lieu of dividends payable on Class A Common Stock Units he owned. The units convert into Class A Common Stock on a one-for-one basis. His reported direct position after the transaction was 223,490 shares. The dividend amount used in the calculation was $0.47 per share, and the reported closing price used was $10.78 per share.
Blackstone Mortgage Trust, Inc. director Chen Yi Hsu acquired 295 shares of Class A Common Stock on October 15, 2026, represented by Class A Common Stock Units issued in lieu of dividends on owned units. The units convert to shares on a one-for-one basis and were calculated using the company’s $0.47-per-share dividend and a $10.78 closing price. Hsu’s direct holdings following the transaction were 11,326 shares.
Lynne B. Sagalyn, a director of Blackstone Mortgage Trust, Inc. (BXMT), acquired 6,428 shares of Class A common stock on October 15, 2026, at a reported $10.78 per share. The acquisition reflects Class A Common Stock Units received in lieu of dividends on units she owned; those units convert into shares one-for-one. Her reported direct holdings after the transaction were 173,067 shares.
Blackstone Mortgage Trust, Inc. director Nnenna Lynch acquired 1,872 Class A common shares on October 15, 2026. The footnote identifies them as shares converted one-for-one from Class A common stock units in lieu of dividends payable on units she owned; her direct holdings after the transaction were 44,824 shares. The unit count was calculated using the $0.47 per-share dividend and the closing price on that date.
Blackstone Mortgage Trust, Inc. (BXMT) President and director Fernando Austin Pena sold 1,725 shares of Class A Common Stock on September 30, 2026, at a weighted average price of $11.6472 per share. The sale was made under two Rule 10b5-1 trading plans adopted on March 5, 2024 and February 28, 2025 to satisfy certain tax-withholding obligations connected with vesting previously granted restricted stock awards. His direct holdings following the sale were 70,047 shares.
Blackstone Mortgage Trust, Inc. officer Austin Pena reported a proposed sale of 1,725 common shares, with an aggregate market value of $20,091.45 and an approximate sale date of September 30, 2026. Pena acquired the 1,725 shares on September 29, 2026, through vesting of restricted stock unit awards granted under the issuer’s equity compensation plan.
BLACKSTONE MORTGAGE TRUST, INC. (BXMT) reported that Chief Financial Officer Marcin Urbaszek sold 864 shares of Class A common stock on September 17, 2026 at a weighted average price of $13.4227 per share. The transaction was effected under two Rule 10b5-1 trading plans adopted on March 6, 2025 and February 26, 2026 to satisfy tax withholding obligations related to vesting of previously granted restricted stock awards. Following this sale, Urbaszek directly holds 23,960 shares of BXMT common stock.