Is Blackstone Mortgage Trust (BXMT) overvalued or fairly valued?

MarketChacha shows Blackstone Mortgage Trust's valuation in context — a forward P/E of about 9.2, a price-to-book of about 0.7 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Blackstone Mortgage Trust's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (7.24×) from reported figures — education, not a rating.

What is the share price of Blackstone Mortgage Trust (BXMT)?

Blackstone Mortgage Trust last traded at $14.21 (+0.3% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Blackstone Mortgage Trust

BXMT · NYSE · Financials · United States

Snapshot

TickerBXMT

ExchangeNYSE

SectorFinancials

IndustryREIT - Mortgage

CountryUnited States

HeadquartersNew York, United States

Websitewww.blackstonemortgagetrust.com

Filings tracked17

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc., a real estate finance company, originates, acquires, and manages loans and other debt or credit-oriented investments collateralized by or relating to commercial real estate. The company's investment portfolio consists of senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets. It has operations in the United States, the United Kingdom, Ireland, Australia, Spain, Sweden, Canada, rest of Europe, and internationally. It operates as a real estate investment trust for federal income tax purposes. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was incorporated in 1998 and is headquartered in New York, New York.

Who owns it

Insiders1.3%
Institutions67.4%
Public & other31.2%

436 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.14.82%
Blackstone Inc5.51%
Vanguard Portfolio Management LLC5.28%
Vanguard Capital Management LLC4.25%
State Street Corporation3.81%
UBS Group AG2.70%
Geode Capital Management, LLC2.44%
Morgan Stanley1.68%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Latest ROE of 3.1% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion7.24×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Return on equity3.1%

Latest ROE of 3.1% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $76.4M · EPS 0.29

Est. earnings growth +113.9%

Next fiscal year

Rev $309.9M · EPS 1.55

Est. earnings growth +22.2%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

ROE

3.1%

Profit CAGR (2y)

-33.3%

EPS (FY2025)

0.64

Net profit (FY2025)

$109.6M

Ask MarketChacha about BXMT

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Financials

Yearly

Period	Net profit	EPS	ROE
FY2025	$109.6M	0.64	3.1%
FY2024	$-204.1M	-1.17	-5.4%
FY2023	$246.6M	1.43	5.6%

Quarterly

Period	Net profit	EPS
2026Q2	$-81.2M	-0.48
2026Q1	$-6.3M	-0.04
2025Q3	$63.4M	0.37
2025Q2	$7.0M	0.04
2025Q1	$-357,000	0.00
2024Q3	$-56.4M	-0.32
2024Q2	$-61.1M	-0.35
2024Q1	$-123.8M	-0.71
2023Q3	$29.5M	0.17
2023Q2	$101.7M	0.58
2023Q1	$117.8M	0.67

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/30/2026
8-K — Results of operations, Exhibits
SEC7/30/2026material
8-K — Shareholder vote results
SEC6/26/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC5/19/2026material
8-K — Other events, Exhibits
SEC5/6/2026material
10-Q filing
SEC4/29/2026
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-K filing
SEC2/11/2026
8-K — Results of operations, Exhibits
SEC2/11/2026material
8-K — Executive/director change
SEC2/11/2026material

2025

10-Q filing
SEC10/29/2025
8-K — Results of operations, Exhibits
SEC10/29/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC10/22/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC9/19/2025material
10-Q filing
SEC7/30/2025
8-K — Results of operations, Exhibits
SEC7/30/2025material
8-K — Other events, Exhibits
SEC7/30/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.