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AI brief of an SEC Form 8-K · Blackstone Mortgage Trust (BXMT)

Blackstone Mortgage Trust Q4 GAAP EPS $0.24; Distributable EPS $(2.07) on charge-offs

Mixed Impact 3 of 5 earnings Written later

Blackstone Mortgage Trust reported fourth-quarter and full-year 2025 results on February 11, 2026. Fourth-quarter GAAP net income per share rose to $0.24 from $0.21 a year earlier, but Distributable EPS was $(2.07) after $433.9 million of CECL reserve charge-offs. Before those charge-offs, Distributable EPS was $0.51, which covered the $0.47 per share dividend.

Key points

  • Q4 GAAP EPS $0.24 vs. $0.21 in Q4 2024; Q4 total net revenues $159.3 million vs. $114.4 million
  • Q4 Distributable EPS $(2.07), including $433.9 million of CECL reserve charge-offs; before charge-offs, $0.51
  • Full-year 2025 net income attributable to the company was $110 million, vs. a net loss of $204.1 million in 2024
  • Q4 dividend of $0.47 per share; book value per share $20.75 at December 31, 2025, vs. $20.99 at September 30, 2025

The filing

CompanyBlackstone Mortgage Trust (BXMT)
Form8-K, current report
Filed with the SECFeb 11, 2026, 6:52 AM ET
Accession number0001061630-26-000011

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 February 11, 2026.

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.