v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 432,833 $ 452,526
Loans receivable 17,334,730 18,069,134
Current expected credit loss reserve (397,835) (284,440)
Loans receivable, net 16,936,895 17,784,694
Owned real estate, net 1,296,989 1,134,975
Investments in unconsolidated entities (includes $136,158 and $111,010 at fair value as of June 30, 2026 and December 31, 2025, respectively) 322,060 217,488
Other assets 415,265 413,263
Total Assets 19,404,042 20,002,946
Liabilities and Equity    
Senior secured notes, net 1,217,499 784,876
Other liabilities 364,871 386,178
Total Liabilities 16,139,455 16,498,556
Commitments and contingencies (Note 21)
Equity    
Class A common stock, $0.01 par value, 400,000,000 shares authorized, 168,543,591 and 168,259,023 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 1,685 1,683
Additional paid-in capital 5,440,390 5,430,542
Accumulated other comprehensive income 11,234 12,113
Accumulated deficit (2,191,769) (1,945,428)
Total Blackstone Mortgage Trust, Inc. stockholders’ equity 3,261,540 3,498,910
Non-controlling interests 3,047 5,480
Total Equity 3,264,587 3,504,390
Total Liabilities and Equity 19,404,042 20,002,946
Secured debt, net    
Liabilities and Equity    
Long-term debt 8,708,944 10,117,292
Securitized debt obligations, net    
Liabilities and Equity    
Long-term debt 2,732,964 2,139,719
Asset-specific debt, net    
Liabilities and Equity    
Long-term debt 971,305 997,746
Secured term loans, net    
Liabilities and Equity    
Long-term debt 1,878,562 1,808,000
Convertible notes, net    
Liabilities and Equity    
Long-term debt $ 265,310 $ 264,745