v3.25.4
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income from loans and other investments      
Interest and related income $ 1,356,401,000 $ 1,769,043,000 $ 2,037,621,000
Less: Interest and related expenses 988,947,000 1,289,972,000 1,366,956,000
Income from loans and other investments, net 367,454,000 479,071,000 670,665,000
Revenue from owned real estate 184,980,000 13,040,000 0
Gain on extinguishment of debt 0 5,352,000 4,616,000
Other income 400,000 1,064,000 0
Total net revenue 552,834,000 498,527,000 675,281,000
Expenses      
Management and incentive fees 67,554,000 74,792,000 119,089,000
General and administrative expenses 52,180,000 53,922,000 51,143,000
Expenses from owned real estate 215,578,000 22,060,000 0
Other expenses 6,000 5,663,000 0
Total expenses 335,318,000 156,437,000 170,232,000
Increase in current expected credit loss reserve (112,486,000) (538,801,000) (249,790,000)
Income (loss) from unconsolidated entities 8,307,000 (2,748,000) 0
Income (loss) before income taxes 113,337,000 (199,459,000) 255,259,000
Income tax provision 3,668,000 2,374,000 5,362,000
Net income (loss) 109,669,000 (201,833,000) 249,897,000
Net income attributable to non-controlling interests (100,000) (2,255,000) (3,342,000)
Net income (loss) attributable to Blackstone Mortgage Trust, Inc. $ 109,569,000 $ (204,088,000) $ 246,555,000
Net income (loss) per share of common stock      
Basic (in dollars per share) $ 0.64 $ (1.17) $ 1.43
Diluted (in dollars per share) $ 0.64 $ (1.17) $ 1.43
Weighted Average Number of Shares Outstanding      
Basic (in shares) 170,961,564 173,782,523 172,672,038
Diluted (in shares) 170,961,564 173,782,523 172,672,038