Blackstone Mortgage Trust — Third Quarter 2026 Earnings Summary

Financial Performance:

• Reported a net loss attributable to Blackstone Mortgage Trust of $327 million for the quarter.
• Third-quarter earnings per share (EPS) was $(1.95).
• Distributable EPS was $0.38.
• Distributable EPS prior to realized gains and losses was $0.42.
• Dividends paid per basic share were $0.47.

Guidance and Future Outlook:

• Management stated the company is focused on balancing current return with long-term earnings power through disciplined capital allocation.
• The Board declared a fourth-quarter 2026 dividend of $0.30 per share, which management believes can be sustained through a range of rate and credit environments.
• The company aims to continue driving portfolio turnover and dynamically allocate capital to deliver strong risk-adjusted returns.
• Management highlighted a stable balance sheet, strong liquidity, and access to Blackstone's global platform as key positioning factors.

Business Segments and Product Lines:

• The company originates, acquires, and manages senior loans and other debt or credit-oriented investments collateralized by commercial real estate in North America, Europe, and Australia.
• The portfolio consists primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators.
• The company is externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone.

Other Key Points:

• Declared a dividend of $0.30 per share of Class A common stock for the fourth quarter of 2026.
• The fourth-quarter dividend is payable on January 15, 2027, to stockholders of record as of December 31, 2026.
• A full presentation of third-quarter 2026 results and an updated investor presentation are available at www.bxmt.com.
• A quarterly investor conference call was hosted on October 29, 2026, at 9:00 a.m. ET, with a recorded replay available on the company website approximately two hours post-event.
• Blackstone, the parent company, manages nearly $1.4 trillion in assets across global investment strategies including real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries, and hedge funds.