BXMT

In the past six months, BXMT reported its fourth-quarter and full-year 2025 results, highlighting capital deployment, improved credit performance, and balance-sheet optimization. For the first quarter of 2026, BXMT reported a net loss attributable to the company of $6.3 million, with a GAAP net loss of $0.04 per share, largely due to increased credit loss reserves and losses from owned real estate. Distributable earnings prior to realized gains/losses were $0.49 per share, covering its $0.47 per share dividend for the third consecutive quarter. The company also completed over $2 billion in corporate and securitized debt financings in Q1 2026. In early May 2026, Blackstone Mortgage Trust announced the pricing of a private offering of $450 million in 6.250% senior secured notes due 2031, with proceeds intended for general corporate purposes. Analyst sentiment has been constructive, with some maintaining a "Moderate Buy" rating and price targets above current levels, although JPMorgan trimmed its target to $20.00 following the Q1 earnings report. The stock has seen mixed performance, with a small gain over the past month but a modest decline over the past three months as of early May 2026.