profit from every $100 of sales.
$0$100
Blackstone Mortgage
$11.18+0.18% today
-39.2% in 1 year
1-year low $10.201-year high $20.63
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $16.94 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Blackstone Mortgage sold, what it kept, and what it did with the cash.
Sales went from $628 million in 2022 to $553 million in 2025, with $110 million of profit last year.
SalesProfit
Blackstone Mortgage handed back more cash to shareholders than it generated last year.
$323M
Free cash flow 2025$276M
Bought back its own shares$110M
Paid as dividends$323M
Cash vs. debt$453M vs. $16.2B
Blackstone Mortgage vs. similar companies
Blackstone Mortgage grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Blackstone Mortgage | 16.9× · Fair price | ||
 Annaly Capital Management | 7.4× · Cheap | ||
 AGNC Investment | 6.8× · Cheap | ||
 Rithm Capital | 7.7× · Cheap | ||
 Starwood Property | 10.9× · Cheap |
AI analysis
An AI analyst reads Blackstone Mortgage's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 628 | 671 | 493 | 553 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 249 | 247 | -204 | 110 | |
| 1.46 | 1.43 | -1.17 | 0.64 | |
| – | – | – | – | |
| – | – | – | – | |
| 39.6% | 36.8% | -41.4% | 19.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 25,354 | 24,036 | 19,802 | 20,003 |
| Cash | 291 | 350 | 323 | 453 |
| Total debt | 20,443 | 19,300 | 15,729 | 16,164 |
| Total liabilities | 20,810 | 19,649 | 16,008 | 16,499 |
| 4,519 | 4,368 | 3,787 | 3,499 | |
| 171 | 173 | 174 | 171 | |
| – | – | – | – | |
| 5.5% | 5.6% | -5.4% | 3.1% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 397 | 459 | 366 | 276 | |
| – | – | 1 | – | |
| 397 | 459 | 366 | 276 | |
| Dividends paid | 421 | 427 | 404 | 323 |
| 0 | 0 | 29 | 110 | |
| 33 | 31 | 32 | 28 |
Valuation
- 16.9×
- 7.0×
- –
- 0.9×
- 3.4×
- 6.7×
- –
- 14.9%
- 5.9%
- 10.3%
Profitability
- 62.6%
- 58.3%
- 19.8%
- 62.4%
- 4.4%
- 0.7%
- 2.9%
- 0.5%
- 8.6%
- –
Growth
- −4.2%
- −24.0%
- −24.6%
- −5.4%
- +3.1%
Financial health
- 16.0×
- 4.65
- 81.0%
- 0.9×
- 0.07
- 0.07
- 0.08
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 49%of 746
Top 26%of 752
Bottom 48%of 667
Bottom 12%of 763
Top 11%of 762
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 29, 2026 | 0.49 | 0.38 | +28.9% |
| Feb 11, 2026 | 0.51 | 0.22 | +131.8% |
| Oct 29, 2025 | 0.24 | 0.19 | +26.3% |
| Jul 30, 2025 | 0.19 | 0.20 | −5.0% |
| Apr 30, 2025 | 0.17 | 0.01 | +1,600.0% |
| Feb 12, 2025 | 0.44 | -0.87 | +150.6% |
| Oct 23, 2024 | 0.49 | 0.36 | +36.1% |
| Jul 24, 2024 | 0.56 | 0.50 | +12.0% |
10.3%of the share price, paid each year
On $1,000 invested$103a year at today's yield, before tax
−5.4%2020 to 2025
Raised–not every year
Paid per share, each year
$2.28 in 2015 → $1.88 in 2025
How safe it looks
294.5% of its profit
Room to growStretchedMore than it earns: 117.0%
News
Blackstone Secured Lending Q3 2026 Earnings PreviewSeeking Alpha · Nov 3, 2026Blackstone said to weigh $1.9B sale of Tokyo office portionSeeking Alpha · Oct 30, 2026Is Blackstone a Buy After Its Latest Earnings Report?Yahoo Finance · Oct 23, 2026Blackstone Inc. Q3 2026 Earnings Call SummaryYahoo Finance · Oct 22, 2026Blackstone, Apollo unit may be able to buy minority stakes in NFL teams - reportSeeking Alpha · Oct 21, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
54No pass
Benjamin Graham
38No pass
Philip Fisher
53No pass
Peter Lynch
37No pass
Joel Greenblatt
24No pass
Charlie Munger
51No pass
Terry Smith
49No pass
Questions about Blackstone Mortgage
Is Blackstone Mortgage a good stock to buy?
A business with weak numbers at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Blackstone Mortgage AI analysis
What does Blackstone Mortgage do?
Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It is in REIT - Mortgage, based in New York, NY, United States.
Does Blackstone Mortgage pay a dividend?
Yes. At today's price the dividend is 10.3% a year, about 295% of its yearly profit. In 2025 it paid out $323 million in dividends.
Is Blackstone Mortgage stock halal?
No. Blackstone Mortgage does not pass our halal screen: its main business, mortgage lending, is not permitted. How we check
How has Blackstone Mortgage stock done over the past year?
Down 39.2% over the past twelve months, to $11.18. It traded between $10.20 and $20.63 and is 45.8% below its high.
Who are Blackstone Mortgage's competitors?
The largest listed companies in the same industry are Annaly Capital Management, AGNC Investment, Rithm Capital and Starwood Property. The peers table on this page compares their profit, growth and price with Blackstone Mortgage's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.