Credit and interest ratesnegative · 2 filings
“These decreases were partially offset by a decrease in interest expense resulting from declines in floating-rate indices.”10-Q · Jul 30, 2026 ↗
Blackstone Mortgage Trust, Inc.
BXMT
Market read
Blackstone Mortgage Trust, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Company-1.0% todayVolume comparison unavailable
Market group0 of 15 activeBroad Market Risk · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- BXMT's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if BXMT's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 15 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- BXMT's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods0
Price observations328
Usable filing statements106
Verified relationships3
Evidence supporting the case
No qualifying supportive evidence was identified.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Sep 11, 2026
13.356m-28.2%12m-32.9%24m—
What management says matters
Persistent and emerging business drivers
Demand and volumenegative · 2 filings
“These charge-offs of CECL reserves were concentrated in the office sector, with $ 338.1 million of such charge-offs, generally driven by adverse trends in the office sector in recent years, including reduced tenant demand for office space and limited liquidit…”10-K · Feb 11, 2026 ↗
Macroeconomic conditionsnegative · 1 filings
“This increase was partially offset by a $4.1 million decrease in our general CECL reserves driven by a continued improvement in the credit quality of our current portfolio as well as macroeconomic conditions.”10-Q · Jul 30, 2025 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales — · EV/sales —. Comparisons use only industry-matched filing peers.
Scenario scaffold
Fewer than 4 annual revenue periods; too little history to scaffold scenarios.
Price action
How the market is pricing the story
13.35-1.0% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for BXMT. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for BXMT. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind BXMT
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
JYNTFiling-linked namepartnerFeb 11, 2026 ▾
“26 Joint venture investments could be adversely affected by our lack of sole decision-making authority, our reliance on joint venture partners’ financial condition and liquidity and disputes between us and our joint venture partners.”
JPMJPMorgan Chase & Co.lenderApr 29, 2026 ▾
“EXHIBITS 10.1 Fourteenth Amendment to Term Loan Credit Agreement, dated as of January 14, 2026, by and among Blackstone Mortgage Trust, Inc., the subsidiary guarantors party thereto, each lender party thereto and JPMorgan Chase Bank, N.A., as administrative a…”
MTBM&T Bank CorporationpartnerFeb 11, 2026 ▾
“Agency Multifamily Lending Partnership In the second quarter of 2024, we entered into an agreement with M&T Realty Capital Corporation, or MTRCC, a subsidiary of M&T Bank, that allows our borrowers to access multifamily agency financing through MTRCC’s Fannie…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 4 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
BXMT is currently a Follower in the organic co-movement group Broad Market Risk. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.