Every material Form 8-K Blackstone Mortgage Trust filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Blackstone Mortgage Trust reported third-quarter 2025 net income attributable to the company of $63.4 million, or $0.37 per share, compared with a net loss of $56.4 million, or $0.32 per share, in the same quarter of 2024. Distributable EPS was $0.24, or $0.48 before charge-offs, which covered the $0.47 per share dividend paid for the quarter.
Q3 2025 GAAP EPS $0.37 versus a loss of $0.32 per share in Q3 2024; Distributable EPS $0.24 and $0.48 before charge-offs
Dividend of $0.47 per share paid in Q3, equal to a 10.4% annualized yield based on an $18.14 share price as of October 28, 2025
Book value per share $20.99 at September 30, 2025, versus $21.04 at June 30, 2025
Repurchased $77 million of common stock in Q3 and Q4 to date at an average price of $18.44 per share
Blackstone Mortgage Trust increased its board from eight to nine directors and elected Jean Hsu to fill the new seat, effective October 22, 2025. Hsu previously led private debt at CalPERS and retired in July 2024, bringing over 25 years of fixed income, real estate and private credit experience to the board.
Board expanded from eight to nine directors; Jean Hsu elected to fill the new seat on October 22, 2025
Hsu was Head of Private Debt at CalPERS until her retirement in July 2024
Hsu also serves on the board of Antares Private Credit Fund since June 2025
Hsu's director compensation follows the non-employee director terms in the 2025 proxy statement filed April 30, 2025
Blackstone Mortgage Trust's board appointed Timothy S. Johnson, the company's Chair, as Chief Executive Officer, and F. Austin Peña, Executive Vice President, Investments, as President and a director, both effective November 10, 2025. The changes coincide with Katharine A. Keenan's resignation as CEO, President and director after she was named CEO of Blackstone Real Estate Income Trust, Inc.
Timothy S. Johnson becomes CEO effective November 10, 2025, and continues as Chair; the board approved the actions on September 18, 2025.
F. Austin Peña becomes President and a director effective November 10, 2025; he has led over $11 billion of real estate credit investments since joining Blackstone in 2013.
Katharine A. Keenan resigns as CEO, President and director effective November 10, 2025, and as Global Head of Core+ Real Estate effective immediately; she remains a Senior Managing Director at Blackstone.
Blackstone Mortgage Trust reported second-quarter 2025 net income attributable to the company of $7.0 million, or $0.04 per share, compared with a net loss of $61.1 million in the same quarter of 2024. Distributable EPS was $0.19, up from $0.17 in the first quarter, and the company paid a $0.47 per share dividend, while book value per share fell to $21.04 from $21.42 at March 31, 2025. The company cancelled its earnings conference call after a shooting at 345 Park Avenue, and posted prepared remarks on its website instead.
Q2 2025 net income attributable to the company was $7.0 million, or $0.04 per share, versus a net loss of $61.1 million in Q2 2024
Distributable EPS was $0.19 for Q2 2025 and $0.45 before charge-offs of CECL reserves
Dividend paid was $0.47 per share; book value per share was $21.04 at June 30, 2025, down from $21.42 at March 31, 2025
CEO Katie Keenan said the company was devastated by events at 345 Park Avenue, including the loss of colleague Wesley LePatner; the earnings call was cancelled
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.
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
Blackstone Mortgage Trust reported a 2024 net loss attributable to the company of $204 million, or $(1.17) per share, compared with net income of $247 million, or $1.43 per share, in 2023. Fourth-quarter net income attributable to the company was $37 million, or $0.21 per share, but full-year Distributable EPS was $(0.03), below the $2.18 in dividends paid per share, and book value per share fell to $21.87 from $22.17 at September 30, 2024.
Full-year 2024 net loss attributable to the company: $204 million, or $(1.17) per share, versus 2023 net income of $1.43 per share
Q4 2024 net income attributable to the company: $37 million, or $0.21 per share, versus a Q3 2024 loss of $(0.32) per share
Full-year 2024 Distributable EPS: $(0.03); before charge-offs of CECL reserves: $2.15, versus $2.18 in dividends paid per share
Q4 2024 dividend of $0.47 per share; book value per share $21.87 at December 31, 2024, including $4.31 per share of CECL reserves
Blackstone Mortgage Trust elected Marcin Urbaszek as Deputy Chief Financial Officer and Principal Accounting Officer, effective January 2, 2025. Director Thomas E. Dobrowski gave notice of his resignation from the board effective January 15, 2025, and the board reduced its size from nine members to eight.
Marcin Urbaszek, 48, was elected Deputy CFO and Principal Accounting Officer on January 2, 2025; he previously served as CFO of Granite Point Mortgage Trust (NYSE: GPMT)
Thomas E. Dobrowski resigned from the board effective January 15, 2025, after 26 years of service to the company and its predecessor business
The filing states Dobrowski's resignation was not the result of any disagreement with the company on operations, policies or practices
Board size decreased from nine members to eight, effective upon Dobrowski's resignation
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Blackstone Mortgage Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →