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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income from loans and other investments        
Interest and related income $ 359,537,000 $ 466,152,000 $ 691,594,000 $ 952,275,000
Less: Interest and related expenses 264,727,000 339,380,000 506,960,000 683,110,000
Income from loans and other investments, net 94,810,000 126,772,000 184,634,000 269,165,000
Revenue from real estate owned 38,812,000 0 75,845,000 0
Gain on extinguishment of debt 0 0 0 2,963,000
Other income 231,000 0 321,000 0
Total net revenues 133,853,000 126,772,000 260,800,000 272,128,000
Expenses        
Management and incentive fees 17,036,000 18,726,000 34,271,000 37,653,000
General and administrative expenses 13,526,000 13,660,000 26,190,000 27,388,000
Expenses from real estate owned 47,796,000 963,000 94,098,000 963,000
Total expenses 78,358,000 33,349,000 154,559,000 66,004,000
Increase in current expected credit loss reserve (45,593,000) (152,408,000) (95,098,000) (387,277,000)
Loss from unconsolidated entities (2,015,000) 0 (2,889,000) 0
Income (loss) before income taxes 7,887,000 (58,985,000) 8,254,000 (181,153,000)
Income tax provision 903,000 1,217,000 1,621,000 2,219,000
Net income (loss) 6,984,000 (60,202,000) 6,633,000 (183,372,000)
Net income attributable to non-controlling interests (15,000) (855,000) (21,000) (1,523,000)
Net income (loss) attributable to Blackstone Mortgage Trust, Inc. $ 6,969,000 $ (61,057,000) $ 6,612,000 $ (184,895,000)
Net income (loss) per share of common stock        
Basic (in dollars per share) $ 0.04 $ (0.35) $ 0.04 $ (1.06)
Diluted (in dollars per share) $ 0.04 $ (0.35) $ 0.04 $ (1.06)
Weighted Average Number of Shares Outstanding        
Basic (in shares) 171,893,905 173,967,340 171,949,090 174,004,464
Diluted (in shares) 171,893,905 173,967,340 171,949,090 174,004,464