• Blackstone Mortgage Trust’s Q4 2025 earnings call drew CEO Tim Johnson, President Austin Peña, Incoming CFO Marcin Urbaszek, outgoing CFO Tony Marone, Tony Marone, Tony Marone, and Tim Hayes.
• Distributable earnings were USD 0.51 per share before charge-offs, covering the USD 0.47 dividend; DE was -USD 2.07 on USD 434 million reserve charge-offs.
• Loan portfolio reached 99% performing; USD 575 million of impaired loans resolved, leaving under USD 90 million impaired, mainly a San Francisco hotel expected to move to ownership in Q1.
• 2025 investments totaled about USD 7 billion; Q4 investments were USD 1.5 billion, centered on multifamily and industrial, with net lease and bank-loan portfolios now 5% of assets.
• Book value ended at USD 20.75 per share; liquidity was USD 1 billion, no corporate maturities until 2027, USD 60 million of buybacks in Q4, USD 140 million since July 2024.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blackstone Mortgage Trust Inc. published the original content used to generate this news brief on June 12, 2026, and is solely responsible for the information contained therein.