Blackstone Mortgage Trust Q1 net loss $6.3 million; distributable EPS $0.21
Blackstone Mortgage Trust reported a first-quarter 2026 net loss attributable to the company of $6.3 million, or $(0.04) per share, compared with a $(0.00) loss per share a year earlier. Distributable EPS was $0.21 and Distributable EPS prior to realized gains and losses was $0.49, which covered the $0.47 per share dividend paid in the quarter. Book value per share fell to $20.20 from $20.75 at December 31, 2025.
Key points
- Q1 2026 GAAP net loss attributable to the company was $6.3 million, or $(0.04) per share, versus $(0.00) per share in Q1 2025.
- Distributable EPS was $0.21, compared with $(2.07) in Q4 2025; prior to realized gains and losses it was $0.49, compared with $0.51 in Q4 2025.
- Total net revenue was $159.4 million, up from $126.9 million in Q1 2025.
- Book value per share was $20.20 at March 31, 2026, versus $20.75 at December 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 29, 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.