v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income from loans and other investments        
Interest and related income $ 309,748 $ 359,537 $ 615,305 $ 691,594
Less: Interest and related expenses 227,182 264,727 447,918 506,960
Income from loans and other investments, net 82,566 94,810 167,387 184,634
Revenue from owned real estate 75,497 38,812 150,091 75,845
Total net revenue 158,063 133,622 317,478 260,479
Expenses        
Management and incentive fees 14,641 17,036 29,454 34,271
General and administrative expenses 14,918 13,526 28,899 26,190
Expenses from owned real estate 81,440 47,796 163,415 94,098
Total expenses 110,999 78,358 221,768 154,559
Increase in current expected credit loss reserve (134,403) (45,593) (189,458) (95,098)
Income (loss) from unconsolidated entities 8,570 (2,015) 9,953 (2,889)
Net loss on disposition of owned real estate 0 0 (160) 0
Other income, net 3 231 7 321
(Loss) income before income taxes (78,766) 7,887 (83,948) 8,254
Income tax provision 2,501 903 3,659 1,621
Net (loss) income (81,267) 6,984 (87,607) 6,633
Net loss (income) attributable to non-controlling interests 45 (15) 88 (21)
Net (loss) income attributable to Blackstone Mortgage Trust, Inc. $ (81,222) $ 6,969 $ (87,519) $ 6,612
Net (loss) income per share of common stock        
Basic (in dollars per share) $ (0.48) $ 0.04 $ (0.52) $ 0.04
Diluted (in dollars per share) $ (0.48) $ 0.04 $ (0.52) $ 0.04
Weighted-average shares of common stock outstanding        
Basic (in shares) 168,964,515 171,893,905 169,021,130 171,949,090
Diluted (in shares) 168,964,515 171,893,905 169,021,130 171,949,090