BXMT - Blackstone Mortgage Trust, Inc.
Blackstone Mortgage Trust fully supported its dividend with distributable earnings in Q1'26 when adjusted for loan losses. BXMT's strategic pivot away from office loans and into industrial and multi-family markets has narrowed its discount to book value to 11%. The 2024 dividend reset and portfolio restructuring have led to 17% per-share year-over-year growth in distributable earnings and improved balance sheet quality.
With $46M in charge-offs this quarter, CECL reserves are no longer just "paper losses"—they are crystallized hits to Blackstone Mortgage Trust's capital, proving that lent money is officially not coming back. Earnings of $0.21 per share significantly trail the $0.47 dividend. While the company highlights "distributable earnings," the persistent need for massive credit reserves suggests the current payout is increasingly fragile. Blackstone Mortgage Trust now holds over $1.15 billion in foreclosed real estate. Far from being a "hidden value" play, these assets are currently a "negative carry."
More than 1,500 stocks have reported earnings since the current season began in mid-April, and the average stock that has reported has seen an average absolute one-day share price reaction of roughly 7%. The last time we saw earnings vol spike was during the Financial Crisis bear market, when stocks were tanking. This time around, we're seeing earnings vol increase during a strong AI-driven bull market. Tech stocks are seeing record earnings day volatility as investors and traders presumably make snap judgements about AI's future impact on the bottom line.
The iShares Mortgage Real Estate ETF (NYSEARCA:REM) gives income investors exposure to roughly two dozen mortgage REITs in a single ticker, smoothing out the cuts and surprises that routinely hit individual mREITs.
Blackstone Mortgage Trust maintains a near 10% dividend yield, fully covered by distributable earnings prior to realized gains and losses. BXMT's first quarter net revenue rose 25.6% to $159.42 million, driven by increased real estate owned (REO) activity after foreclosures. The mREIT is trading at a 6.3% discount to its first-quarter book value per share, with dividend coverage slipping and book value also on a sustained dip.
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company” or “BXMT”) announced the pricing of a private offering of $450 million in aggregate principal amount of its 6.250% senior secured notes due 2031 (the “Notes”). The Company intends to use the net proceeds of the Notes offering for general corporate purposes, including paying down existing secured indebtedness. The Notes offering is expected to close on May 19, 2026 and is subject to customary closing condition.
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the “Company” or “BXMT”) today announced it has commenced a private offering of $450 million in aggregate principal amount of its senior secured notes due 2031 (the “Notes”). The Company intends to use the net proceeds of the Notes offering for general corporate purposes, including paying down existing secured indebtedness. The offering of the Notes and the related guarantees will be made in a private transaction in relian.
U.S. equity markets advanced for a fifth straight week - their longest winning streak since 2024 - as strong earnings, resilient data, and hopes for lasting Iran peace fueled optimism. Investors looked through another oil-price surge and inflationary pressure, focusing instead on corporate resilience and economic strength despite a complex macro backdrop shaped by geopolitical and policy uncertainty. The Fed held rates steady in an unusually fractured 8-4 vote, while Powell's plan to remain on the Board broke precedent and raised politically charged succession questions.
Blackstone Mortgage Trust, Inc. (BXMT) Q1 2026 Earnings Call Transcript
Blackstone Mortgage Trust (BXMT) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.17 per share a year ago.
NEW YORK--(BUSINESS WIRE)--Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today reported its first-quarter 2026 results. The net loss attributable to Blackstone Mortgage Trust for the quarter was $6.3 million. First-quarter EPS, Distributable EPS, Distributable EPS prior to realized gains and losses, and dividends paid per basic share were $(0.04), $0.21, $0.49, and $0.47 respectively. Tim Johnson, Chief Executive Officer said, “BXMT's first quarter results clearly demonstrate the breadth of our.
Trustmark (TRMK) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.88 per share a year ago.
Advisors Capital Management LLC lifted its holdings in Blackstone Mortgage Trust, Inc. (NYSE: BXMT) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,166,928 shares of the real estate investment trust's stock after acquiring an additional 39,275 shares during the quarter.
U.S. equities surged to record highs as optimism over a potential U.S.-Iran peace deal and the reopening of the Strait of Hormuz drove a risk-on rally, pushing oil sharply lower. Markets rapidly repriced the risk of a prolonged oil shock after the Strait of Hormuz reopened, easing fears of a major energy disruption that could have derailed global growth. Cooler-than-expected PPI data and a solid start to earnings season supported equities, though renewed threats to shipping traffic over the weekend underscored that progress toward de-escalation remains fragile.
Pre-Market Stock Futures: The futures are trading modestly higher after a wild Wednesday that saw the Nasdaq explode higher to close at an all-time high of 24,016, up a hefty 1.60%, while the S&P 500 closed up 0.80% at 7,022, also hitting a brand-new all-time closing high. The small-cap Russell 2000, the leading index this... Here Are Thursday's Top Wall Street Analyst Research Calls: Autoliv, CoreWeave, Corning, Dicks Sporting Goods, Federated Hermes, Gitlab, PayPal, Pfizer, Okta, and More
Choreo LLC lessened its holdings in Blackstone Mortgage Trust, Inc. (NYSE: BXMT) by 21.7% during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 232,024 shares of the real estate investment trust's stock after selling 64,234 shares during the period. Choreo LLC
Several affordable REITs with high dividend yields have made their way onto the coveted Zacks Rank #1 (Strong Buy) list.
U.S. equity markets snapped a five-week losing streak this week, while interest rates retreated, as resilient economic data pushed back against stagflation concerns amid a continuation of the Iran conflict. Major equity benchmarks rebounded sharply, with the S&P 500 gaining 3.4% and the Nasdaq 100 rising 4.0%, while real estate stocks outperformed as falling Treasury yields boosted rate-sensitive sectors. Treasury yields declined despite surging oil prices, breaking their recent correlation with crude, as investors weighed solid U.S. employment data against risks that higher energy costs could slow growth abroad.
U.S. equity markets fell for a fifth-straight week— pulling several major benchmarks into correction territory— as the Iran conflict remained locked in a volatile stalemate, keeping energy markets on edge. The fourth week of the Iran conflict delivered little progress toward de-escalation, as Washington maintained strikes on Iranian nuclear sites while Tehran continued retaliatory attacks across the Persian Gulf. The S&P 500 declined 2.1% this week and now sits 8.7% below its late-January record. The Dow and Nasdaq both entered "correction" territory, while the VIX volatility index topped 30.
I see compelling value in floating-rate preferred shares and baby bonds, especially as credit spreads widen and many now trade at discounts to call value. Recent market volatility and higher interest rates have created attractive entry points in select REITs, BDCs, preferred shares, and baby bonds. I've allocated a significant portion of my portfolio to preferred shares and baby bonds in March 2026.