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BLACKSTONE MORTGAGE TRU-CL A (BXMT) Stock Fundamental Analysis

USA - NYSE:BXMT - US09257W1009 - REIT

19.52 USD
-0.21 (-1.06%)
Last: 9/12/2025, 8:04:01 PM
19.52 USD
0 (0%)
After Hours: 9/12/2025, 8:04:01 PM
Fundamental Rating

4

Overall BXMT gets a fundamental rating of 4 out of 10. We evaluated BXMT against 67 industry peers in the Mortgage Real Estate Investment Trusts (REITs)" industry. BXMT scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. BXMT has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year BXMT has reported negative net income.
BXMT had a positive operating cash flow in the past year.
BXMT had positive earnings in 4 of the past 5 years.
In the past 5 years BXMT always reported a positive cash flow from operatings.
BXMT Yearly Net Income VS EBIT VS OCF VS FCFBXMT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

BXMT's Return On Assets of -0.06% is on the low side compared to the rest of the industry. BXMT is outperformed by 62.69% of its industry peers.
BXMT's Return On Equity of -0.35% is on the low side compared to the rest of the industry. BXMT is outperformed by 62.69% of its industry peers.
Industry RankSector Rank
ROA -0.06%
ROE -0.35%
ROIC N/A
ROA(3y)0.33%
ROA(5y)0.73%
ROE(3y)1.92%
ROE(5y)3.69%
ROIC(3y)N/A
ROIC(5y)N/A
BXMT Yearly ROA, ROE, ROICBXMT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5

1.3 Margins

Looking at the Gross Margin, with a value of 25.80%, BXMT is in line with its industry, outperforming 55.22% of the companies in the same industry.
BXMT's Gross Margin has declined in the last couple of years.
BXMT does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 25.8%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-22.26%
GM growth 5Y-13.39%
BXMT Yearly Profit, Operating, Gross MarginsBXMT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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6

2. Health

2.1 Basic Checks

BXMT does not have a ROIC to compare to the WACC, probably because it is not profitable.
BXMT has less shares outstanding than it did 1 year ago.
The number of shares outstanding for BXMT has been increased compared to 5 years ago.
Compared to 1 year ago, BXMT has an improved debt to assets ratio.
BXMT Yearly Shares OutstandingBXMT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
BXMT Yearly Total Debt VS Total AssetsBXMT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

BXMT has an Altman-Z score of 0.09. This is a bad value and indicates that BXMT is not financially healthy and even has some risk of bankruptcy.
BXMT's Altman-Z score of 0.09 is fine compared to the rest of the industry. BXMT outperforms 70.15% of its industry peers.
The Debt to FCF ratio of BXMT is 51.37, which is on the high side as it means it would take BXMT, 51.37 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 51.37, BXMT is doing good in the industry, outperforming 68.66% of the companies in the same industry.
BXMT has a Debt/Equity ratio of 4.57. This is a high value indicating a heavy dependency on external financing.
BXMT has a Debt to Equity ratio of 4.57. This is comparable to the rest of the industry: BXMT outperforms 53.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 4.57
Debt/FCF 51.37
Altman-Z 0.09
ROIC/WACCN/A
WACC7.07%
BXMT Yearly LT Debt VS Equity VS FCFBXMT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.3 Liquidity

A Current Ratio of 3.17 indicates that BXMT has no problem at all paying its short term obligations.
The Current ratio of BXMT (3.17) is better than 94.03% of its industry peers.
A Quick Ratio of 3.17 indicates that BXMT has no problem at all paying its short term obligations.
BXMT's Quick ratio of 3.17 is amongst the best of the industry. BXMT outperforms 94.03% of its industry peers.
Industry RankSector Rank
Current Ratio 3.17
Quick Ratio 3.17
BXMT Yearly Current Assets VS Current LiabilitesBXMT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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3

3. Growth

3.1 Past

BXMT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -121.83%.
Looking at the last year, BXMT shows a very negative growth in Revenue. The Revenue has decreased by -19.19% in the last year.
Measured over the past years, BXMT shows a quite strong growth in Revenue. The Revenue has been growing by 15.09% on average per year.
EPS 1Y (TTM)-121.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-61.22%
Revenue 1Y (TTM)-19.19%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-25.21%

3.2 Future

The Earnings Per Share is expected to grow by 285.60% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 1.03% on average over the next years.
EPS Next Y2551.65%
EPS Next 2Y535.58%
EPS Next 3Y285.6%
EPS Next 5YN/A
Revenue Next Year-18.1%
Revenue Next 2Y-2.48%
Revenue Next 3Y1.03%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BXMT Yearly Revenue VS EstimatesBXMT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B 2B
BXMT Yearly EPS VS EstimatesBXMT Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 2 3

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5

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BXMT. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 12.71, BXMT is valued correctly.
BXMT's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.73. BXMT is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE N/A
Fwd PE 12.71
BXMT Price Earnings VS Forward Price EarningsBXMT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BXMT indicates a somewhat cheap valuation: BXMT is cheaper than 65.67% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BXMT indicates a somewhat cheap valuation: BXMT is cheaper than 70.15% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.4
EV/EBITDA 551.57
BXMT Per share dataBXMT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as BXMT's earnings are expected to grow with 285.60% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y535.58%
EPS Next 3Y285.6%

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 9.53%, BXMT is a good candidate for dividend investing.
BXMT's Dividend Yield is slightly below the industry average, which is at 11.44.
Compared to an average S&P500 Dividend Yield of 2.41, BXMT pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.53%

5.2 History

The dividend of BXMT decreases each year by -1.26%.
BXMT has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-1.26%
Div Incr Years0
Div Non Decr Years0
BXMT Yearly Dividends per shareBXMT Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2

5.3 Sustainability

The earnings of BXMT are negative and hence is the payout ratio. BXMT will probably not be able to sustain this dividend level.
DP-2788.36%
EPS Next 2Y535.58%
EPS Next 3Y285.6%
BXMT Yearly Income VS Free CF VS DividendBXMT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

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BLACKSTONE MORTGAGE TRU-CL A

NYSE:BXMT (9/12/2025, 8:04:01 PM)

After market: 19.52 0 (0%)

19.52

-0.21 (-1.06%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryMortgage Real Estate Investment Trusts (REITs)"
Earnings (Last)07-30 2025-07-30/bmo
Earnings (Next)10-21 2025-10-21/bmo
Inst Owners63.22%
Inst Owner Change-1.35%
Ins Owners1.06%
Ins Owner Change1.46%
Market Cap3.35B
Analysts77.14
Price Target21 (7.58%)
Short Float %5.18%
Short Ratio7.37
Dividend
Industry RankSector Rank
Dividend Yield 9.53%
Yearly Dividend2.34
Dividend Growth(5Y)-1.26%
DP-2788.36%
Div Incr Years0
Div Non Decr Years0
Ex-Date06-30 2025-06-30 (0.47)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)47.41%
Min EPS beat(2)-29.52%
Max EPS beat(2)124.35%
EPS beat(4)2
Avg EPS beat(4)25.17%
Min EPS beat(4)-29.52%
Max EPS beat(4)124.35%
EPS beat(8)5
Avg EPS beat(8)11.8%
EPS beat(12)9
Avg EPS beat(12)11.66%
EPS beat(16)12
Avg EPS beat(16)10.21%
Revenue beat(2)0
Avg Revenue beat(2)-16.18%
Min Revenue beat(2)-17.78%
Max Revenue beat(2)-14.59%
Revenue beat(4)0
Avg Revenue beat(4)-12.58%
Min Revenue beat(4)-17.78%
Max Revenue beat(4)-7.97%
Revenue beat(8)0
Avg Revenue beat(8)-8.11%
Revenue beat(12)4
Avg Revenue beat(12)22.29%
Revenue beat(16)8
Avg Revenue beat(16)38.99%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-6.86%
EPS NQ rev (3m)-19.49%
EPS NY rev (1m)-8%
EPS NY rev (3m)-17.39%
Revenue NQ rev (1m)3.14%
Revenue NQ rev (3m)1.36%
Revenue NY rev (1m)-0.28%
Revenue NY rev (3m)-4.93%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 12.71
P/S 2.1
P/FCF 10.4
P/OCF 10.17
P/B 0.93
P/tB 0.93
EV/EBITDA 551.57
EPS(TTM)-0.5
EYN/A
EPS(NY)1.54
Fwd EY7.87%
FCF(TTM)1.88
FCFY9.61%
OCF(TTM)1.92
OCFY9.84%
SpS9.31
BVpS21.08
TBVpS21.08
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.06%
ROE -0.35%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 25.8%
FCFM 20.16%
ROA(3y)0.33%
ROA(5y)0.73%
ROE(3y)1.92%
ROE(5y)3.69%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-22.26%
GM growth 5Y-13.39%
F-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 4.57
Debt/FCF 51.37
Debt/EBITDA 468.11
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion 932.22%
Profit Quality N/A
Current Ratio 3.17
Quick Ratio 3.17
Altman-Z 0.09
F-Score6
WACC7.07%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-121.83%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-61.22%
EPS Next Y2551.65%
EPS Next 2Y535.58%
EPS Next 3Y285.6%
EPS Next 5YN/A
Revenue 1Y (TTM)-19.19%
Revenue growth 3Y27.75%
Revenue growth 5Y15.09%
Sales Q2Q%-25.21%
Revenue Next Year-18.1%
Revenue Next 2Y-2.48%
Revenue Next 3Y1.03%
Revenue Next 5YN/A
EBIT growth 1Y88.79%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-28.66%
FCF growth 3Y-1.47%
FCF growth 5Y3.77%
OCF growth 1Y-27.01%
OCF growth 3Y-1.42%
OCF growth 5Y3.81%