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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income from loans and other investments    
Interest and related income $ 332,057 $ 486,122
Less: Interest and related expenses 242,233 343,730
Income from loans and other investments, net 89,824 142,392
Revenue from real estate owned 37,033 0
Gain on extinguishment of debt 0 2,963
Other income 90 0
Total net revenues 126,947 145,355
Expenses    
Management and incentive fees 17,235 18,927
General and administrative expenses 12,664 13,728
Expenses from real estate owned 46,302 0
Total expenses 76,201 32,655
Increase in current expected credit loss reserve (49,505) (234,868)
Loss from unconsolidated entities (874) 0
Income (loss) before income taxes 367 (122,168)
Income tax provision 718 1,002
Net loss (351) (123,170)
Net income attributable to non-controlling interests (6) (668)
Net loss attributable to Blackstone Mortgage Trust, Inc. $ (357) $ (123,838)
Net income (loss) per share of common stock    
Basic (in dollars per share) $ 0.00 $ (0.71)
Diluted (in dollars per share) $ 0.00 $ (0.71)
Weighted Average Number of Shares Outstanding    
Basic (in shares) 172,004,888 174,041,630
Diluted (in shares) 172,004,888 174,041,630