Blackstone Mortgage Trust Publishes Q3 2026 Earnings Call Transcript

By Public Technologies
  • Blackstone Mortgage Trust cut its fourth-quarter 2026 dividend to $0.30 per share from $0.47, citing pressure on future earnings.
  • The October 29 third-quarter earnings call featured CEO Tim Johnson, President Austin Peña and CFO Marcin Urbaszek.
  • Quarterly GAAP net loss totaled $1.95 per share; distributable earnings were $0.38 per share.
  • Book value fell 12% to $17.06 per share, primarily reflecting higher credit-loss reserves.
  • Management expects to cover the reduced dividend next quarter and throughout 2027 despite earnings pressure from impaired loans and lower-yielding owned properties.


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