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.
Market Valuation | With a P/BV ratio of 0.81x for 2024, BXMT trades at a discount to peers. Analysts project EPS of $1.65 for FY2024 and $1.60 for FY2025 |
Blackstone's Edge | Delve into how BXMT leverages its affiliation with Blackstone, gaining access to proprietary market knowledge and deal flow for competitive advantage |
Portfolio Dynamics | Explore BXMT's $21.1 billion loan exposure, its conservative LTV approach, and the increasing number of downgraded loans signaling potential market stress |
CRE Lending Challenges | Blackstone Mortgage Trust navigates a complex commercial real estate landscape, facing headwinds in loan portfolio quality and distributable earnings |

Metrics to compare | BXMT | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipBXMTPeersSector | |
|---|---|---|---|---|
P/E Ratio | 31.4x | −3.7x | 9.9x | |
PEG Ratio | 0.20 | −0.17 | 0.03 | |
Price / Book | 1.0x | 0.5x | 1.0x | |
Price / LTM Sales | 7.8x | 3.6x | 2.9x | |
Upside (Analyst Target) | 8.3% | 23.6% | 14.0% | |
Fair Value Upside | Unlock | −15.3% | 1.0% | Unlock |