← BLACKSTONE MORTGAGE TRUST, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues: | ||||||||||||
| Total net revenue | $313.7m | $303.0m | $396.5m | $424.2m | $432.2m | $514.5m | $628.0m | $675.3m | $498.5m | $552.8m | — | |
| Revenue from owned real estate | — | — | — | — | — | — | $0 | $0 | $13.0m | $185.0m | — | |
| Interest Income (Expense), Net | $313.7m |
$303.0m
-3.40%
|
$396.5m
+30.83%
|
$424.2m
+6.98%
|
$432.2m
+1.89%
|
$514.5m
+19.04%
|
$628.0m
+22.08%
|
$670.7m
+6.79%
|
$479.1m | $367.5m |
$1.3b
+248.37%
|
|
| General and Administrative Expense | $27.7m | $29.9m | $35.5m | $38.9m | $45.9m | $43.2m | $52.2m | $51.1m | $53.9m | $52.2m | $37.1m | |
| Other General and Administrative Expense | $2.1m | $176k | — | — | — | — | — | — | $6.9m | $7.9m | — | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | — | — | $66.2m | — | |
| Operating expenses: | ||||||||||||
| Interest Expense | $184.3m | $234.9m | $359.6m | $458.5m | $347.5m | $340.2m | $710.9m | $1.4b | $1.3b | $988.9m | $929.9m | |
| Interest Expense Operating | — | — | — | — | — | — | — | — | $1.3b | $988.9m | $929.9m | |
| Gain (Loss) on Investments | $13.4m | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $3.2m | — | — | — | — | — | — | — | ($2.7m) | $8.3m | — | |
| Other income | — | — | — | — | — | — | $0 | $0 | $1.1m | $400k | — | |
| Other expenses | — | — | — | — | — | — | $0 | $0 | $5.7m | $6k | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $246.6m | $218.3m | $286.1m | $306.9m | $140.7m | $422.7m | $254.1m | $255.3m | ($199.5m) | $113.3m | $21.1m | |
| Income tax provision | $196k | $314k | $308k | ($506k) | $323k | $423k | $3.0m | $5.4m | $2.4m | $3.7m | — | |
| Net income attributable to non-controlling interests | ($8.1m) | ($337k) | ($735k) | ($1.8m) | ($2.7m) | ($3.1m) | ($2.4m) | ($3.3m) | ($2.3m) | ($100k) | — | |
| Net Income (Loss) Attributable to Parent | $238.3m |
$217.6m
-8.67%
|
$285.1m
+30.99%
|
$305.6m
+7.19%
|
$137.7m
-54.95%
|
$419.2m
+204.49%
|
$248.6m
-40.69%
|
$246.6m
-0.84%
|
($204.1m)
-182.78%
|
$109.6m
+153.69%
|
$15.4m
-85.91%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | $8.1m | $337k | $735k | $1.8m | $2.7m | $3.1m | $2.4m | $3.3m | $2.3m | $100k | $15.4m | |
| Earnings Per Share, Basic | $2.53 | $2.27 | $2.50 | $2.35 | $0.97 | $2.77 | $1.46 | $1.43 | ($1.17) | $0.64 | $0.08 | |
| Earnings Per Share, Diluted | $2.53 | $2.27 | $2.50 | $2.35 | $0.97 | $2.77 | $1.46 | $1.43 | ($1.17) | $0.64 | $0.08 | |
| Common Stock, Dividends, Per Share, Declared | $2.48 | $2.48 | $2.48 | $2.48 | $2.48 | $2.48 | $2.48 | $2.48 | $2.18 | $1.88 | — | |
| Basic (in shares) | — | — | — | $130.1m | $141.8m | $151.5m | $170.6m | $172.7m | $173.8m | $171.0m | $169.5m | |
| Diluted (in shares) | — | — | — | $130.1m | $141.8m | $151.5m | $170.6m | $172.7m | $173.8m | $171.0m | $169.5m | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | — | $130.1m | $141.8m | 151.5m | 170.6m | 172.7m | 173.8m | 171.0m | 169.5m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | $130.1m | $141.8m | 151.5m | 170.6m | 172.7m | 173.8m | 171.0m | 169.5m | |
| Additional Financial Items | ||||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $211.5m | $249.8m | $538.8m | $112.5m | — | |
| Management Fee Expense | $56.0m | $54.8m | $74.8m | $78.4m | $77.9m | $88.5m | $110.3m | $119.1m | $74.8m | $67.6m | — | |
| Interest and related income | $498.0m | $537.9m | $756.1m | $882.7m | $779.6m | $854.7m | $1.3b | $2.0b | $1.8b | $1.4b | — | |
| Less: Interest and related expenses | $184.3m | $234.9m | $359.6m | $458.5m | $347.5m | $340.2m | $710.9m | $1.4b | $1.3b | $988.9m | — | |
| Income from loans and other investments, net | $313.7m | $303.0m | $396.5m | $424.2m | $432.2m | $514.5m | $628.0m | $670.7m | $479.1m | $367.5m | — | |
| Gain on extinguishment of debt | — | — | — | — | — | $0 | $0 | $4.6m | $5.4m | $0 | — | |
| Management and incentive fees | $56.0m | $54.8m | $74.8m | $78.4m | $77.9m | $88.5m | $110.3m | $119.1m | $74.8m | $67.6m | — | |
| Expenses from owned real estate | — | — | — | — | — | — | $0 | $0 | $22.1m | $215.6m | — | |
| Increase in current expected credit loss reserve | — | — | — | — | ($167.7m) | $39.9m | ($211.5m) | ($249.8m) | ($538.8m) | ($112.5m) | — | |
| Income (loss) from unconsolidated entities | $3.2m | — | — | — | — | — | $0 | $0 | ($2.7m) | $8.3m | — | |
| Total expenses | $83.7m | $84.8m | $110.4m | $117.3m | $123.8m | $131.6m | $162.5m | $170.2m | $156.4m | $335.3m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.