Blackstone Mortgage Trust Reports Q2 2026 GAAP Net Loss of $81.2 Million
Blackstone Mortgage Trust reported a second-quarter 2026 net loss attributable to the company of $81.2 million, or $(0.48) per share, compared with net income of $7.0 million, or $0.04 per share, a year earlier. Total net revenue rose to $158.1 million from $133.6 million, but the quarter included a $134.4 million increase in credit loss reserves, and book value per share fell to $19.31 from $20.20 at March 31, 2026.
Key points
- Q2 2026 GAAP net loss attributable to the company was $81.2 million, or $(0.48) per share, versus net income of $7.0 million, or $0.04 per share, in Q2 2025.
- Total net revenue was $158.1 million, up from $133.6 million in Q2 2025.
- Distributable EPS was $0.31; before realized gains and losses it was $0.48, compared with $0.49 in Q1 2026.
- Book value per share was $19.31 at June 30, 2026, versus $20.20 at March 31, 2026; the company paid a Q2 dividend of $0.47 per share.
The filing
Written by AI on Nov 8, 2026, 1:54 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 July 30, 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.