BXMT

Over the past six months, BXMT's stock price has experienced significant pressure, falling by approximately 20.44% in the last month and 39.37% over the last year. Key events include a Q2 2026 earnings miss with a net loss of $81.2 million and distributable EPS of $0.31, falling short of analyst estimates. The company also saw a 4% quarter-over-quarter decline in book value per share due to increased reserves and depreciation. Raymond James downgraded BXMT's stock to 'Market Perform' citing concerns over portfolio quality and declining book value. The stock was significantly impacted by broader commercial real estate credit concerns, particularly its office loan exposure, and rising long-term Treasury yields, leading to $1 billion in office loans being placed on a watch list in August 2026. Despite these challenges, Blackstone Mortgage Trust has continued to declare quarterly dividends of $0.47 per share, maintaining payout stability. There have also been reports of insider selling, including the President and a Director, to satisfy tax withholding obligations related to restricted stock awards.