Blackstone Mortgage Trust, INC.: insider trades · United States · SEC (Form 4)

About Blackstone Mortgage Trust, INC.

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) is a U.S.-listed real estate finance company traded on the NYSE in the United States. The company is headquartered in New York at 345 Park Avenue, New York, NY 10154. BXMT operates as a specialty lender focused on originating, acquiring, and managing senior loans and other debt investments collateralized by commercial real estate. As such, it sits in the commercial mortgage REIT universe and benefits from the broader Blackstone Real Estate platform, one of the largest real estate investment ecosystems globally. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1061630/000119312526191988/d99450dars.pdf?utm_source=openai)) BXMT’s roots go back to Blackstone’s real estate debt business, with the BREDS platform launched in 2008 before the public issuer matured into its current form. Today, the company is positioned as an institutional commercial real estate credit investor rather than a direct property owner. Its lending focus is on first-lien senior loans secured by high-quality assets in major markets and sponsored by experienced, well-capitalized real estate owners and operators. That underwriting profile gives BXMT a differentiated place in the market: it targets scale and selectivity, with access to Blackstone’s global sourcing network. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1061630/000119312525107495/d892598dars.pdf?utm_source=openai)) Its core business lines include commercial mortgage loan origination, acquisition of debt positions, and management of real estate-linked credit investments. BXMT also uses a range of balance-sheet and capital-markets tools, including securitizations, asset-specific financings, and other funding structures to support portfolio growth and liquidity management. As of December 31, 2025, the company reported roughly $18.1 billion of gross loans receivable, underscoring its scale in public real estate credit. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001061630/000106163026000009/bxmt-20251231.htm?utm_source=openai)) From a competitive standpoint, BXMT stands out because of its association with Blackstone, its global origination capabilities, and its ability to underwrite large, complex transactions. The company said its manager employed 787 real estate professionals globally as of year-end 2025, while BXMT’s debt-focused platform had more than 160 real estate debt professionals. That operating depth supports sourcing, asset monitoring, and structuring across geographies. BXMT primarily targets institutional-quality assets, which can support credit discipline, although the model remains exposed to commercial real estate cycles, refinancing conditions, and interest-rate volatility. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001061630/000106163026000009/bxmt-20251231.htm?utm_source=openai)) Recent highlights include third-quarter 2025 earnings released on October 29, 2025, and fourth-quarter/full-year 2025 results announced on February 11, 2026. Management highlighted momentum in earnings power, investment activity, credit performance, and balance-sheet optimization. By March 31, 2026, net loans receivable were about $17.3 billion, while leverage and funding mix continued to evolve. For investors, BXMT remains a listed real estate-credit vehicle with material sensitivity to commercial property fundamentals, financing costs, and portfolio credit performance. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1061630/000106163025000130/a8-kexhibit9913q2025.htm?utm_source=openai))