Blackstone Mortgage Trust Inc (BXMT) - Net Assets
Based on the latest financial reports, Blackstone Mortgage Trust Inc (BXMT) has net assets worth $3.42 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($19.63 Billion) and total liabilities ($16.21 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Blackstone Mortgage Trust Inc to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.42 Billion |
| % of Total Assets | 17.41% |
| Annual Growth Rate | 13.26% |
| 5-Year Change | -24.13% |
| 10-Year Change | 40.54% |
| Growth Volatility | 114.99 |
Blackstone Mortgage Trust Inc - Net Assets Trend (1991–2025)
This chart illustrates how Blackstone Mortgage Trust Inc's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Blackstone Mortgage Trust Inc to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Blackstone Mortgage Trust Inc (1991–2025)
The table below shows the annual net assets of Blackstone Mortgage Trust Inc from 1991 to 2025. For live valuation and market cap data, see market cap of Blackstone Mortgage Trust Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.50 Billion | -7.64% |
| 2024-12-31 | $3.79 Billion | -13.52% |
| 2023-12-31 | $4.39 Billion | -3.45% |
| 2022-12-31 | $4.54 Billion | -1.61% |
| 2021-12-31 | $4.62 Billion | +18.30% |
| 2020-12-31 | $3.90 Billion | +3.16% |
| 2019-12-31 | $3.78 Billion | +12.15% |
| 2018-12-31 | $3.37 Billion | +15.67% |
| 2017-12-31 | $2.92 Billion | +17.00% |
| 2016-12-31 | $2.49 Billion | -0.48% |
| 2015-12-31 | $2.51 Billion | +66.95% |
| 2014-12-31 | $1.50 Billion | +98.33% |
| 2013-12-31 | $756.75 Million | +393.15% |
| 2012-12-31 | $153.45 Million | +219.01% |
| 2011-12-31 | $-128.94 Million | +68.64% |
| 2010-12-31 | $-411.19 Million | -143.07% |
| 2009-12-31 | $-169.17 Million | -142.14% |
| 2008-12-31 | $401.44 Million | -1.66% |
| 2007-12-31 | $408.24 Million | -4.23% |
| 2006-12-31 | $426.27 Million | +25.80% |
| 2005-12-31 | $338.85 Million | +7.06% |
| 2004-12-31 | $316.50 Million | +70.63% |
| 2003-12-31 | $185.48 Million | +7.19% |
| 2002-12-31 | $173.04 Million | -30.94% |
| 2001-12-31 | $250.57 Million | -18.06% |
| 2000-12-31 | $305.81 Million | +0.30% |
| 1999-12-31 | $304.90 Million | +3.64% |
| 1998-12-31 | $294.20 Million | +105.30% |
| 1997-12-31 | $143.30 Million | +484.90% |
| 1996-12-31 | $24.50 Million | -1.61% |
| 1995-12-31 | $24.90 Million | -10.11% |
| 1994-12-31 | $27.70 Million | -3.15% |
| 1993-12-31 | $28.60 Million | -26.10% |
| 1992-12-31 | $38.70 Million | -23.82% |
| 1991-12-31 | $50.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blackstone Mortgage Trust Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 193202800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.68 Million | 0.05% |
| Other Comprehensive Income | $12.11 Million | 0.35% |
| Other Components | $5.43 Billion | 155.21% |
| Total Equity | $3.50 Billion | 100.00% |
Blackstone Mortgage Trust Inc Competitors by Market Cap
The table below lists competitors of Blackstone Mortgage Trust Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Baytex Energy Corp
TO:BTE
|
$3.01 Billion |
|
Dongguan Yiheda Automation Co. Ltd.
SHE:301029
|
$3.01 Billion |
|
Jubilant Foodworks Limited
NSE:JUBLFOOD
|
$3.01 Billion |
|
Integer Holdings Corp
NYSE:ITGR
|
$3.01 Billion |
|
Kyivstar Group Ltd. Common Shares
NASDAQ:KYIV
|
$3.01 Billion |
|
Shenzhen Microgate Technology Co Ltd
SHE:300319
|
$3.00 Billion |
|
Virtu Financial, Inc.
NASDAQ:VIRT
|
$3.00 Billion |
|
SOLVAY S.A. UNSP.ADR/1/10
F:SOL0
|
$3.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blackstone Mortgage Trust Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,787,308,000 to 3,498,910,000, a change of -288,398,000 (-7.6%).
- Net income of 109,569,000 contributed positively to equity growth.
- Dividend payments of 322,731,000 reduced retained earnings.
- Share repurchases of 109,507,000 reduced equity.
- Other comprehensive income increased equity by 3,845,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $109.57 Million | +3.13% |
| Dividends Paid | $322.73 Million | -9.22% |
| Share Repurchases | $109.51 Million | -3.13% |
| Other Comprehensive Income | $3.85 Million | +0.11% |
| Other Changes | $30.43 Million | +0.87% |
| Total Change | $- | -7.61% |
Book Value vs Market Value Analysis
This analysis compares Blackstone Mortgage Trust Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.11x to 0.87x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | $165.10 | $17.83 | x |
| 1992-12-31 | $127.37 | $17.83 | x |
| 1993-12-31 | $90.97 | $17.83 | x |
| 1994-12-31 | $90.75 | $17.83 | x |
| 1995-12-31 | $80.04 | $17.83 | x |
| 1996-12-31 | $91.87 | $17.83 | x |
| 1997-12-31 | $444.00 | $17.83 | x |
| 1998-12-31 | $243.16 | $17.83 | x |
| 1999-12-31 | $171.44 | $17.83 | x |
| 2000-12-31 | $160.33 | $17.83 | x |
| 2001-12-31 | $85.24 | $17.83 | x |
| 2002-12-31 | $95.15 | $17.83 | x |
| 2003-12-31 | $93.31 | $17.83 | x |
| 2004-12-31 | $307.88 | $17.83 | x |
| 2005-12-31 | $220.89 | $17.83 | x |
| 2006-12-31 | $267.76 | $17.83 | x |
| 2007-12-31 | $230.77 | $17.83 | x |
| 2008-12-31 | $190.26 | $17.83 | x |
| 2009-12-31 | $-75.59 | $17.83 | x |
| 2010-12-31 | $-183.81 | $17.83 | x |
| 2011-12-31 | $-46.11 | $17.83 | x |
| 2012-12-31 | $29.67 | $17.83 | x |
| 2013-12-31 | $38.76 | $17.83 | x |
| 2014-12-31 | $31.01 | $17.83 | x |
| 2015-12-31 | $30.49 | $17.83 | x |
| 2016-12-31 | $26.48 | $17.83 | x |
| 2017-12-31 | $30.33 | $17.83 | x |
| 2018-12-31 | $29.55 | $17.83 | x |
| 2019-12-31 | $28.92 | $17.83 | x |
| 2020-12-31 | $27.41 | $17.83 | x |
| 2021-12-31 | $30.28 | $17.83 | x |
| 2022-12-31 | $26.48 | $17.83 | x |
| 2023-12-31 | $25.29 | $17.83 | x |
| 2024-12-31 | $21.79 | $17.83 | x |
| 2025-12-31 | $20.47 | $17.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blackstone Mortgage Trust Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.20%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 5.72x
- Recent ROE (3.13%) is below the historical average (9.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | -7.09% | -63.16% | 0.09x | 1.30x | $-8.68 Million |
| 1992 | -26.61% | -223.91% | 0.08x | 1.43x | $-14.17 Million |
| 1993 | -29.02% | -202.44% | 0.10x | 1.48x | $-11.16 Million |
| 1995 | -11.24% | -100.00% | 0.08x | 1.35x | $-5.29 Million |
| 1996 | -1.63% | -10.81% | 0.12x | 1.22x | $-2.85 Million |
| 1997 | -3.21% | -79.31% | 0.02x | 2.21x | $-18.93 Million |
| 1998 | 9.01% | 28.76% | 0.06x | 5.15x | $-1.47 Million |
| 1999 | 10.78% | 25.07% | 0.08x | 5.22x | $1.24 Million |
| 2000 | 6.15% | 16.98% | 0.09x | 4.06x | $-6.11 Million |
| 2001 | 9.13% | 17.87% | 0.08x | 6.61x | $-892.80K |
| 2002 | -11.59% | -24.95% | 0.10x | 4.58x | $-18.14 Million |
| 2003 | 14.09% | 35.59% | 0.10x | 4.14x | $3.92 Million |
| 2004 | 6.94% | 40.10% | 0.06x | 2.77x | $-9.67 Million |
| 2005 | 13.02% | 42.08% | 0.07x | 4.60x | $10.23 Million |
| 2006 | 12.68% | 29.84% | 0.07x | 6.21x | $11.44 Million |
| 2007 | 20.67% | 31.86% | 0.08x | 7.87x | $43.54 Million |
| 2008 | -14.33% | -27.46% | 0.07x | 7.07x | $-97.68 Million |
| 2009 | 0.00% | -461.04% | 0.06x | 0.00x | $-559.52 Million |
| 2010 | 0.00% | -106.68% | 0.04x | 0.00x | $-144.23 Million |
| 2011 | 0.00% | 485.48% | 0.04x | 0.00x | $269.18 Million |
| 2012 | 246.85% | 442.84% | 0.13x | 4.39x | $173.95 Million |
| 2013 | 2.09% | 28.27% | 0.02x | 3.08x | $-56.76 Million |
| 2014 | 6.00% | 48.73% | 0.04x | 3.06x | $-60.04 Million |
| 2015 | 7.90% | 70.25% | 0.03x | 3.76x | $-52.43 Million |
| 2016 | 9.56% | 72.85% | 0.04x | 3.53x | $-11.06 Million |
| 2017 | 7.48% | 71.81% | 0.03x | 3.52x | $-73.48 Million |
| 2018 | 8.47% | 71.90% | 0.03x | 4.30x | $-51.33 Million |
| 2019 | 8.12% | 72.04% | 0.03x | 4.40x | $-70.69 Million |
| 2020 | 3.54% | 31.86% | 0.03x | 4.36x | $-250.94 Million |
| 2021 | 9.14% | 81.48% | 0.02x | 4.95x | $-39.63 Million |
| 2022 | 5.50% | 18.85% | 0.05x | 5.61x | $-203.24 Million |
| 2023 | 5.64% | 12.25% | 0.08x | 5.50x | $-190.22 Million |
| 2024 | -5.39% | -11.54% | 0.09x | 5.23x | $-582.82 Million |
| 2025 | 3.13% | 7.20% | 0.08x | 5.72x | $-240.32 Million |
Industry Comparison
This section compares Blackstone Mortgage Trust Inc's net assets metrics with peer companies in the REIT - Mortgage industry.
Industry Context
- Industry: REIT - Mortgage
- Average net assets among peers: $2,048,291,399
- Average return on equity (ROE) among peers: 2.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blackstone Mortgage Trust Inc (BXMT) | $3.42 Billion | -7.09% | 4.74x | $3.01 Billion |
| Arbor Realty Trust (ABR) | $3.07 Billion | 4.85% | 3.73x | $981.04 Million |
| Acres Commercial Realty Corp (ACR) | $448.19 Million | 7.57% | 4.10x | $120.21 Million |
| Ares Commercial Real Estate (ACRE) | $480.89 Million | 5.07% | 2.88x | $255.77 Million |
| New York Mortgage Trust, Inc. (ADAM) | $1.43 Billion | 10.42% | 7.84x | $793.47 Million |
| AFC Gamma Inc (AFCG) | $175.57 Million | -11.78% | 0.57x | $61.88 Million |
| AGNC Investment Corp. (AGNC) | $9.91 Billion | 1.30% | 10.03x | $11.82 Billion |
| Angel Oak Mortgage Inc (AOMR) | $248.31 Million | 0.30% | 1.05x | $210.78 Million |
| Apollo Commercial Real Estate Finance Inc (ARI) | $2.35 Billion | 11.26% | 3.06x | $1.42 Billion |
| ARMOUR Residential REIT Inc (ARR) | $1.33 Billion | 12.46% | 5.73x | $2.07 Billion |
| Brightspire Capital Inc (BRSP) | $1.05 Billion | -12.62% | 2.56x | $710.02 Million |
About Blackstone Mortgage Trust Inc
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 Unit… Read more