Blackstone Mortgage Trust Q1 net loss of $0.4 million; distributable EPS $0.17
Blackstone Mortgage Trust reported first-quarter 2025 results on April 30, 2025, with a net loss attributable to the company of $0.4 million, or $(0.00) per share, compared with a $123.8 million loss a year earlier. Total net revenues fell to $126.9 million from $145.4 million, while distributable EPS was $0.17 and book value per share declined to $21.42 from $21.87 at year-end 2024. The results show a much smaller loss than a year ago, but lower revenue and a lower book value per share.
Key points
- Q1 net loss attributable to the company was $357 thousand, or $(0.00) per share, versus a $123.8 million loss in Q1 2024
- Distributable EPS was $0.17; before $41.8 million of CECL reserve charge-offs, it was $0.42
- Total net revenues were $126.9 million, down from $145.4 million in Q1 2024
- Q1 dividend of $0.47 per share paid; book value per share was $21.42 at March 31, 2025
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.