Overview
- TickerBXMT on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersLutherville Timonium, United States2
- Incorporated inMD3
- Business address345 Park Avenue, 24Th Floor, New York, Ny 101543
- Filer categoryLarge accelerated filer3
- Legal formStock Corporation2
- LEI549300OLDJ20R2Y2UW202
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O THE CORPORATION TRUST INCORPORATED, 21093 Lutherville Timonium, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D049582782
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Inc., a Maryland corporation, and its subsidiaries unless the context specifically requires otherwise.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Interest and related income | $1.4B | $1.8B | $2.0B |
| Less: Interest and related expenses | $988.9M | $1.3B | $1.4B |
| Income from loans and other investments, net | $367.5M | $479.1M | $670.7M |
| Revenue from owned real estate | $185.0M | $13.0M | $0 |
| Gain on extinguishment of debt | $0 | $5.4M | $4.6M |
| Other income | $400.0K | $1.1M | $0 |
| Total net revenue | $552.8M | $498.5M | $675.3M |
| Management and incentive fees | $67.6M | $74.8M | $119.1M |
| General and administrative expenses | $52.2M | $53.9M | $51.1M |
| Expenses from owned real estate | $215.6M | $22.1M | $0 |
| Other expenses | $6.0K | $5.7M | $0 |
| Total expenses | $335.3M | $156.4M | $170.2M |
| Increase in current expected credit loss reserve | -$112.5M | -$538.8M | -$249.8M |
| Income (loss) from unconsolidated entities | $8.3M | -$2.7M | $0 |
| Income (loss) before income taxes | $113.3M | -$199.5M | $255.3M |
| Income tax provision | $3.7M | $2.4M | $5.4M |
| Net income (loss) | $109.7M | -$201.8M | $249.9M |
| Net income attributable to non-controlling interests | -$100.0K | -$2.3M | -$3.3M |
| Net income (loss) attributable to Blackstone Mortgage Trust, Inc. | $109.6M | -$204.1M | $246.6M |
| Basic (in dollars per share) | $0.64 | -$1.17 | $1.43 |
| Diluted (in dollars per share) | $0.64 | -$1.17 | $1.43 |
| Basic (in shares) | 171.0M shares | 173.8M shares | 172.7M shares |
| Diluted (in shares) | 171.0M shares | 173.8M shares | 172.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $452.5M | $323.5M | ||
| Loans receivable | $18.1B | $19.0B | $23.8B | |
| Current expected credit loss reserve | -$284.4M | -$733.9M | -$576.9M | |
| Loans receivable, net | $17.8B | $18.3B | ||
| Owned real estate, net | $1.1B | $588.2M | ||
| Investments in unconsolidated entities (includes $111,010 and $0 at fair value as of December 31, 2025 and December 31, 2024, respectively) | $217.5M | $4.5M | $0 | |
| Other assets | $413.3M | $572.3M | ||
| Total Assets | $20.0B | $19.8B | ||
| Loan participations sold, net | $0 | $100.1M | ||
| Senior secured notes, net | $784.9M | $771.0M | ||
| Other liabilities | $386.2M | $282.8M | ||
| Total Liabilities | $16.5B | $16.0B | ||
| Class A common stock, $0.01 par value, 400,000,000 shares authorized, 168,259,023 and 172,792,094 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $1.7M | $1.7M | ||
| Additional paid-in capital | $5.4B | $5.5B | ||
| Accumulated other comprehensive income | $12.1M | $8.3M | ||
| Accumulated deficit | -$1.9B | -$1.7B | ||
| Total Blackstone Mortgage Trust, Inc. stockholders equity | $3.5B | $3.8B | ||
| Non-controlling interests | $5.5M | $6.9M | ||
| Total Equity | $3.5B | $3.8B | $4.4B | $4.5B |
| Total Liabilities and Equity | $20.0B | $19.8B | ||
| Investments in unconsolidated entities | $111.0M | $0 | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 168.3M shares | 172.8M shares | ||
| Common stock, shares outstanding (in shares) | 168.3M shares | 172.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $452.5M | $323.5M | ||
| Loans receivable | $18.1B | $19.0B | $23.8B | |
| Current expected credit loss reserve | -$284.4M | -$733.9M | -$576.9M | |
| Loans receivable, net | $17.8B | $18.3B | ||
| Owned real estate, net | $1.1B | $588.2M | ||
| Investments in unconsolidated entities (includes $111,010 and $0 at fair value as of December 31, 2025 and December 31, 2024, respectively) | $217.5M | $4.5M | $0 | |
| Other assets | $413.3M | $572.3M | ||
| Total Assets | $20.0B | $19.8B | ||
| Loan participations sold, net | $0 | $100.1M | ||
| Senior secured notes, net | $784.9M | $771.0M | ||
| Other liabilities | $386.2M | $282.8M | ||
| Total Liabilities | $16.5B | $16.0B | ||
| Class A common stock, $0.01 par value, 400,000,000 shares authorized, 168,259,023 and 172,792,094 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $1.7M | $1.7M | ||
| Additional paid-in capital | $5.4B | $5.5B | ||
| Accumulated other comprehensive income | $12.1M | $8.3M | ||
| Accumulated deficit | -$1.9B | -$1.7B | ||
| Total Blackstone Mortgage Trust, Inc. stockholders equity | $3.5B | $3.8B | ||
| Non-controlling interests | $5.5M | $6.9M | ||
| Total Equity | $3.5B | $3.8B | $4.4B | $4.5B |
| Total Liabilities and Equity | $20.0B | $19.8B | ||
| Investments in unconsolidated entities | $111.0M | $0 | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 168.3M shares | 172.8M shares | ||
| Common stock, shares outstanding (in shares) | 168.3M shares | 172.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.10
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | $109.7M | -$201.8M | $249.9M |
| Non-cash compensation expense | $28.3M | $31.8M | $30.7M |
| Amortization of deferred fees on loans | -$59.4M | -$64.1M | -$78.4M |
| Amortization of deferred financing costs and premiums/discounts on debt obligations | $38.4M | $43.0M | $54.3M |
| Payment-in-kind interest, net of interest received | -$19.5M | -$16.7M | -$2.9M |
| Increase in current expected credit loss reserve | $112.5M | $538.8M | $249.8M |
| Straight-line rental income | $2.8M | $151.0K | $0 |
| Gain on extinguishment of debt | $0 | -$5.4M | -$4.6M |
| Depreciation and amortization of owned real estate | $68.8M | $9.4M | $0 |
| (Income) loss from unconsolidated entities | -$8.3M | $2.7M | $0 |
| Distributions of earnings from unconsolidated entities | $1.5M | $0 | $0 |
| Unrealized loss (gain) on derivative financial instruments, net | $2.7M | -$2.1M | $2.8M |
| Realized gain on derivative financial instruments, net | -$21.5M | -$10.0M | -$28.2M |
| Other assets | $30.5M | $45.2M | -$20.7M |
| Other liabilities | -$10.6M | -$4.6M | $6.2M |
| Net cash provided by operating activities | $275.9M | $366.5M | $458.8M |
| Principal fundings of loans receivable | -$5.6B | -$1.4B | -$1.3B |
| Principal collections, sales proceeds, and cost-recovery proceeds from loans receivable | $6.2B | $4.8B | $2.8B |
| Origination and other fees received on loans receivable | $70.7M | $31.7M | $18.0M |
| Payments under derivative financial instruments | -$203.0M | -$150.0M | -$233.5M |
| Receipts under derivative financial instruments | $130.8M | $90.2M | $163.7M |
| Collateral deposited under derivative agreements | -$433.3M | -$191.8M | -$352.1M |
| Return of collateral deposited under derivative agreements | $412.8M | $290.5M | $351.7M |
| Investment in unconsolidated entities | -$207.1M | -$7.2M | $0 |
| Capital expenditures on owned real estate | -$12.8M | -$590.0K | $0 |
| Net cash provided by investing activities | $359.4M | $3.5B | $1.4B |
| Proceeds from issuance of securitized debt obligations | $1.0B | $0 | $0 |
| Proceeds from sale of loan participations | $0 | $0 | $100.7M |
| Repayments of loan participations | -$104.0M | -$236.0M | $0 |
| Proceeds from issuance of senior secured notes | $0 | $450.0M | $0 |
| Payment of deferred financing costs | -$53.8M | -$30.8M | -$23.2M |
| Contributions from non-controlling interests | $0 | $1.2M | $0 |
| Distributions to non-controlling interests | -$1.5M | -$16.4M | -$9.0M |
| Dividends paid on class A common stock | -$322.7M | -$404.0M | -$426.9M |
| Repurchases of class A common stock | -$109.5M | -$29.2M | $0 |
| Net cash used in financing activities | -$514.4M | -$3.9B | -$1.8B |
| Net increase (decrease) in cash and cash equivalents | $120.9M | -$19.1M | $55.0M |
| Effects of currency translation on cash and cash equivalents | $8.2M | -$7.4M | $3.7M |
| Payments of interest | -$966.6M | -$1.3B | -$1.3B |
| Payments of income taxes | -$4.0M | -$4.5M | -$6.7M |
| Loan principal payments held by servicer, net | $71.1M | $109.5M | $48.3M |
| Transfer of senior loans to owned real estate | $565.1M | $590.9M | $0 |
| Assumption of other assets and liabilities related to owned real estate | $89.2M | $168.2M | $0 |
| Accrued capital expenditures on owned real estate | $333.0K | $1.2M | $0 |
No quarter-by-quarter statement was filed.
Compare BLACKSTONE MORTGAGE TRUST, INC. with another company
Corporate structure
BLACKSTONE MORTGAGE TRUST, INC. sits at the top of its group. 219 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of BLACKSTONE MORTGAGE TRUST, INC.
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on BLACKSTONE MORTGAGE TRUST, INC., latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on BLACKSTONE MORTGAGE TRUST, INC., latest Mar 26, 2026 (5 filings since Feb 9, 2022)
- BlackRock Filed SCHEDULE 13G/A on BLACKSTONE MORTGAGE TRUST, INC., latest Jul 17, 2025 (6 filings since Feb 1, 2022)
- Blackstone Group Management L.L.C. Filed SCHEDULE 13G on BLACKSTONE MORTGAGE TRUST, INC., latest Feb 10, 2025
- BLACKSTONE MORTGAGE TRUST, INC. Lutherville Timonium, Maryland, United States
- 25 Corporate Drive, LLC Subsidiary · Delaware, United States
- 30 Corporate Drive, LLC Subsidiary · Delaware, United States
- 345-1 Partners, LLC Subsidiary · Delaware, United States
- 345-2 Partners, LLC Subsidiary · Delaware, United States
- 345-3 Partners, LLC Subsidiary · Delaware, United States
- 345-30 Partners, LLC Subsidiary · Delaware, United States
- 345-4 Partners, LLC Subsidiary · Delaware, United States
- 345-40 Partners, LLC Subsidiary · Delaware, United States
- 345-50 Partners, LLC Subsidiary · Delaware, United States
- 345-7501 MM, LLC Subsidiary · Delaware, United States
- 345-JV Partners, LLC Subsidiary · Delaware, United States
- 345-Lux EUR Partners, LLC Subsidiary · Delaware, United States
- 345-Lux GBP Partners, LLC Subsidiary · Delaware, United States
- 35 Corporate Drive, LLC Subsidiary · Delaware, United States
- 42-16 CLO (Partnership), LLC Subsidiary · Delaware, United States
- 42-16 CLO (Sub-REIT), LLC Subsidiary · Delaware, United States
- 42-16 CLO (TRS), LLC Subsidiary · Delaware, United States
- 42-16 CLO Holdco A, LLC Subsidiary · Delaware, United States
- 42-16 CLO Holdco B, LLC Subsidiary · Delaware, United States
- 42-16 CLO Holdco, LLC Subsidiary · Delaware, United States
- 42-16 CLO Holdings A, LLC Subsidiary · Delaware, United States
- 42-16 CLO Holdings B, LLC Subsidiary · Delaware, United States
- 42-16 CLO L Sell, LLC Subsidiary · Delaware, United States
- 42-16 CLO Partners A, LLC Subsidiary · Delaware, United States
- 42-16 CLO Partners B, LLC Subsidiary · Delaware, United States
- and 193 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What BLACKSTONE MORTGAGE TRUST, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $452.5M10 Dec 31, 2025 | $323.5M10 Dec 31, 2024 | +39.9% |
| Stakes in other companies (equity method) | $217.5M10 Dec 31, 2025 | $4.5M10 Dec 31, 2024 | +4785.2% |
| Loans, net of allowance | $17.8B10 Dec 31, 2025 | $18.3B10 Dec 31, 2024 | −2.9% |
Properties, in its own words
Our principal executive and administrative offices are located in leased space at 345 Park Avenue, 24th Floor, New York,
New York 10154. We consider these facilities to be suitable and adequate for the management and operations of our
The rest of Item 2
business. For an overview of our real estate investments, see Note 4 to our consolidated financial statements.
Item 2 of the 10-K filed Feb 11, 2026.5
Leadership
Who has led BLACKSTONE MORTGAGE TRUST, INC., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerKatharine A. Keenan Oct 1, 2021 to now15
- Chief executive officerStephen D. Plavin Jan 20, 2010 to Feb 12, 202116
- Chief executive officerJohn R. Klopp Feb 9, 2006 to Oct 16, 200917
- PresidentFernando Austin Pena Nov 14, 2025 to now18
- PresidentKatharine A. Keenan Feb 14, 2020 to Nov 14, 202519
- PresidentStephen D. Plavin Jan 20, 2010 to Nov 27, 201916
- Chief financial officerMarcin Urbaszek Jan 3, 2025 to now20
- Chief financial officerPaul D. Quinlan Dec 12, 2013 to Jan 29, 201621
- Chief financial officerGeoffrey G. Jervis Feb 9, 2006 to Dec 20, 201222
- Chief operating officerStephen D. Plavin Aug 15, 2006 to Apr 30, 200923
Board members and other officers (22)
- Secretary & Managing Director*Randall S. Rothschild Mar 8, 2013 to Jan 4, 201624
- OfficerGeoffrey G. Jervis May 30, 2013 to May 30, 201325
- Principal and TreasurerDouglas N. Armer Dec 26, 2013 to Jun 10, 202226
- CCO, Head of Asset ManagementThomas C. Ruffing Aug 8, 2006 to Dec 8, 202027
- Board memberFernando Austin Pena Nov 14, 2025 to now18
- Board memberGilda Perez-Alvarado Feb 3, 2023 to now28
- Board memberKatharine A. Keenan Aug 30, 2023 to now29
- Board memberNnenna Lynch Jul 23, 2021 to now30
- Board memberLeonard W. Cotton Aug 1, 2014 to now31
- Board memberJoshua A. Polan Oct 2, 2013 to Jun 30, 201432
- Board memberJohn Schreiber Dec 21, 2012 to Nov 24, 201533
- Board memberMichael B. Nash Dec 21, 2012 to now34
- Board memberStephen D. Plavin Jan 20, 2010 to Feb 12, 202116
- Board memberMartin L. Edlelman Apr 2, 2009 to Apr 2, 200935
- Board memberCraig M. Hatkoff Jan 3, 2006 to Apr 2, 201036
- Board memberEdward S. Hyman Jan 3, 2006 to Dec 21, 201237
- Board memberHenry N. Nassau Jan 3, 2006 to now38
- Board memberLynne B. Sagalyn Jan 3, 2006 to now39
- Board memberMartin L. Edelman Jan 3, 2006 to Jan 17, 202340
- Board memberSam Zell Jan 3, 2006 to Dec 21, 201241
- Board memberJohn R. Klopp Feb 9, 2006 to Oct 16, 200917
- Board memberThomas E. Dobrowski Apr 3, 2006 to Jan 16, 202542
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 25 Corporate Drive, LLC Delaware4
- 30 Corporate Drive, LLC Delaware4
- 345-1 Partners, LLC Delaware4
- 345-2 Partners, LLC Delaware4
- 345-3 Partners, LLC Delaware4
- 345-30 Partners, LLC Delaware4
- 345-4 Partners, LLC Delaware4
- 345-40 Partners, LLC Delaware4
- 345-50 Partners, LLC Delaware4
- 345-7501 MM, LLC Delaware4
- 345-JV Partners, LLC Delaware4
- 345-Lux EUR Partners, LLC Delaware4
- 345-Lux GBP Partners, LLC Delaware4
- 35 Corporate Drive, LLC Delaware4
- 42-16 CLO (Partnership), LLC Delaware4
- 42-16 CLO (Sub-REIT), LLC Delaware4
- 42-16 CLO (TRS), LLC Delaware4
- 42-16 CLO Holdco A, LLC Delaware4
- 42-16 CLO Holdco B, LLC Delaware4
- 42-16 CLO Holdco, LLC Delaware4
- 42-16 CLO Holdings A, LLC Delaware4
- 42-16 CLO Holdings B, LLC Delaware4
- 42-16 CLO L Sell, LLC Delaware4
- 42-16 CLO Partners A, LLC Delaware4
All 224 listed subsidiaries
- 42-16 CLO Partners B, LLC Delaware4
- 42-16 CLO Sub A, LLC Delaware4
- 42-16 CLO Sub B, LLC Delaware4
- 42-16 Partners, LLC Delaware4
- Alpha Excess, LLC Delaware4
- Alpha Originations, LLC Delaware4
- Alpha Parlex 1, LLC Delaware4
- Alpha Parlex 10, LLC Delaware4
- Alpha Parlex 2, LLC Delaware4
- Alpha Parlex 3, LLC Delaware4
- Alpha Parlex 4, LLC Delaware4
- Alpha Parlex 5, LLC Delaware4
- Alpha Parlex 6, LLC Delaware4
- Alpha Parlex 7, LLC Delaware4
- Alpha Parlex 8, LLC Delaware4
- Alpha Parlex 9, LLC Delaware4
- Ambassador AUD Holdings, LLC Delaware4
- Ambassador CAD Holdings, LLC Delaware4
- Ambassador CHF Holdings, LLC Delaware4
- Ambassador DKK Holdings, LLC Delaware4
- Ambassador EUR Holdings, LLC Delaware4
- Ambassador GBP Holdings, LLC Delaware4
- Ambassador SEK Holdings, LLC Delaware4
- BREC-I Holdco, LLC Delaware4
- BXMT 2017-FL1, LLC Delaware4
- BXMT 2017-FL1, Ltd. Cayman Islands4
- BXMT 2020-FL2 REO Holdco, LLC Delaware4
- BXMT 2020-FL2, LLC Delaware4
- BXMT 2020-FL2, Ltd. Cayman Islands4
- BXMT 2020-FL3 REO Holdco, LLC Delaware4
- BXMT 2020-FL3, LLC Delaware4
- BXMT 2020-FL3, Ltd. Cayman Islands4
- BXMT 2021-FL4 REO Holdco, LLC Delaware4
- BXMT 2021-FL4, LLC Delaware4
- BXMT 2021-FL4, Ltd. Cayman Islands4
- BXMT 2025-FL5, LLC Delaware4
- BXMT 2025-FL5, Ltd. Cayman Islands4
- BXMT 2026-FL6, LLC Delaware4
- BXMT 2026-FL6, Ltd. Cayman Islands4
- CML JV Member, LLC Delaware4
- Canada Office Portfolio Finco 2014, LLC Delaware4
- Castle EUR Finco, LLC Delaware4
- Castle EUR IE Issuer DAC Ireland4
- Castle GBP IE Issuer DAC Ireland4
- Castle UK Finco, LLC Delaware4
- De Vere Resorts Finco 2014, LLC Delaware4
- Five Acre Prefco LLC Delaware4
- Gloss Finco 1, LLC Delaware4
- Gloss Finco 2, LLC Delaware4
- Gloss Finco 3, LLC Delaware4
- Gloss GBP Finco 2, LLC Delaware4
- Gloss Holdco 1, LLC Delaware4
- Gloss Holdco 2, LLC Delaware4
- Gloss Noteco 1, LLC Delaware4
- Gloss Noteco 2, LLC Delaware4
- Husky AU Finco, LLC Delaware4
- Husky CAD Finco, LLC Delaware4
- Husky CHF Finco, LLC Delaware4
- Husky DKK Finco, LLC Delaware4
- Husky EUR Finco, LLC Delaware4
- Husky Finco II, LLC Delaware4
- Husky Finco, LLC Delaware4
- Husky SEK Finco, LLC Delaware4
- Husky Stonelex Holdco, LLC Delaware4
- Husky UK Finco, LLC Delaware4
- KA Finco, LLC Delaware4
- KK-RR Finco, LLC Delaware4
- LO-JR Finco, LLC Delaware4
- Magma Finco 12, LLC Delaware4
- Magma Finco 13, LLC Delaware4
- Magma Finco 16, LLC Delaware4
- Molten Husky EUR Partners GP, LLC Delaware4
- Molten Partners, LLC Delaware4
- NNN JV Member LLC Delaware4
- Parlex 1 Finance, LLC Delaware4
- Parlex 10 Finco, LLC Delaware4
- Parlex 10 Lux EUR Finco, S.a r.l. Luxembourg4
- Parlex 10 Lux EUR Pledgeco, S.a r.l. Luxembourg4
- Parlex 10 Lux GBP Finco, S.a r.l. Luxembourg4
- Parlex 10 Lux GBP Pledgeco, S.a r.l. Luxembourg4
- Parlex 11 Finco, LLC Delaware4
- Parlex 14 AU Finco, LLC Delaware4
- Parlex 14 CHF Finco, LLC Delaware4
- Parlex 14 EUR Finco, LLC Delaware4
- Parlex 14 Finco, LLC Delaware4
- Parlex 14 UK Finco, LLC Delaware4
- Parlex 15 AU Finco, LLC Delaware4
- Parlex 15 Finco, LLC Delaware4
- Parlex 15 Holdco, LLC Delaware4
- Parlex 15 Lux EUR Finco, S.a r.l. Luxembourg4
- Parlex 15 Lux EUR Pledgeco, S.a r.l. Luxembourg4
- Parlex 17 Finco, LLC Delaware4
- Parlex 18 Finco, LLC Delaware4
- Parlex 19 EUR Finco, LLC Delaware4
- Parlex 19 EUR IE Issuer DAC Ireland4
- Parlex 19 GBP IE Issuer DAC Ireland4
- Parlex 19 UK Finco, LLC Delaware4
- Parlex 2 AU Finco, LLC Delaware4
- Parlex 2 AU HoldCo II, LLC Delaware4
- Parlex 2 AU HoldCo, LLC Delaware4
- Parlex 2 AU Sub Trust Australia4
- Parlex 2 AU Trust Australia4
- Parlex 2 CAD Finco, LLC Delaware4
- Parlex 2 EUR Finco, LLC Delaware4
- Parlex 2 Finance, LLC Delaware4
- Parlex 2 UK Finco, LLC Delaware4
- Parlex 20 Finco, LLC Delaware4
- Parlex 2022-1 Issuer Trust Australia4
- Parlex 21 Finco, LLC Delaware4
- Parlex 22 EUR Finco, LLC Delaware4
- Parlex 22 UK Finco, LLC Delaware4
- Parlex 23 Finco, LLC Delaware4
- Parlex 2A Finco, LLC Delaware4
- Parlex 3 AU Finco, LLC Delaware4
- Parlex 3 CAD Finco, LLC Delaware4
- Parlex 3 EUR Finco, LLC Delaware4
- Parlex 3 Finance, LLC Delaware4
- Parlex 3 UK Finco, LLC Delaware4
- Parlex 3A CAD Finco, LLC Delaware4
- Parlex 3A CAD IE Issuer DAC Ireland4
- Parlex 3A EUR Finco, LLC Delaware4
- Parlex 3A EUR IE Issuer DAC Ireland4
- Parlex 3A Finco, LLC Delaware4
- Parlex 3A GBP IE Issuer DAC Ireland4
- Parlex 3A SEK Finco, LLC Delaware4
- Parlex 3A SEK IE Issuer DAC Ireland4
- Parlex 3A UK Finco, LLC Delaware4
- Parlex 3A USD IE Issuer DAC Ireland4
- Parlex 4 Finance, LLC Delaware4
- Parlex 4 UK Finco, LLC Delaware4
- Parlex 5 Finco, LLC Delaware4
- Parlex 5 Ken CAD Finco, LLC Delaware4
- Parlex 5 Ken EUR Finco, LLC Delaware4
- Parlex 5 Ken Finco, LLC Delaware4
- Parlex 5 Ken ONT Finco, LLC Delaware4
- Parlex 5 Ken UK Finco, LLC Delaware4
- Parlex 6 AU Finco, LLC Delaware4
- Parlex 6 DKK Finco, LLC Delaware4
- Parlex 6 EUR Finco, LLC Delaware4
- Parlex 6 Finco, LLC Delaware4
- Parlex 6 UK Finco, LLC Delaware4
- Parlex 7 Finco, LLC Delaware4
- Parlex 8 EUR Finco, LLC Delaware4
- Parlex 8 EUR IE Issuer DAC Ireland4
- Parlex 8 Finco, LLC Delaware4
- Parlex 8 GBP Finco, LLC Delaware4
- Parlex 8 GBP IE Issuer DAC Ireland4
- Parlex 8 Lux EUR Finco, S.a r.l. Luxembourg4
- Parlex 8 Lux EUR Pledgeco, S.a r.l. Luxembourg4
- Parlex 8 USD IE Issuer DAC Ireland4
- Parlex 9 Finco, LLC Delaware4
- Parlex AU-A Finco, LLC Delaware4
- Parlex ONT Partners GP, LLC Delaware4
- Parlex ONT Partners, LP Canada4
- Q Hotels Finco 2014, LLC Delaware4
- RH Finco, LLC Delaware4
- Roadway Corporate Drive, LLC Delaware4
- SL-JR Finco, LLC Delaware4
- SM-CI Finco, LLC Delaware4
- Silver Fin Hold TC Pty Ltd Australia4
- Silver Fin Hold Trust Australia4
- Silver Fin II Sub TC Pty Ltd Australia4
- Silver Fin II Sub Trust Australia4
- Silver Fin Master Holding, LP Cayman Islands4
- Silver Fin Sub TC Pty Ltd Australia4
- Silver Fin Sub Trust Australia4
- Silver Holdco I, LLC Delaware4
- Silver Holdco II, LLC Delaware4
- Spring Finco, LLC Delaware4
- Stonelex A, LLC Delaware4
- Stonelex B JV, LLC Delaware4
- Stonelex B, LLC Delaware4
- Stonelex C Member, LLC Delaware4
- Stonelex C Victor, LLC Delaware4
- Stonelex C, LLC Delaware4
- Stonelex D Victor, LLC Delaware4
- Stonelex D, LLC Delaware4
- Stonelex E, LLC Delaware4
- Stonelex F Victor, LLC Delaware4
- Stonelex F, LLC Delaware4
- Stonelex G Member, LLC Delaware4
- Stonelex G Victor, LLC Delaware4
- Stonelex G, LLC Delaware4
- Stonelex H Victor, LLC Delaware4
- Stonelex H, LLC Delaware4
- Stonelex Holdco, LLC Delaware4
- UCJV Holdco LLC Delaware4
- Victor Holdings I, LLC Delaware4
- Village Finco 2022, LLC Delaware4
- WD-BXMT Lending, LLC Delaware4
- WL-OC Finco, LLC Delaware4
- Wispar 1 Finco, LLC Delaware4
- Wispar 2 Finco, LLC Delaware4
- Wispar 3 Finco, LLC Delaware4
- Wispar 4 Finco, LLC Delaware4
- Wispar 5 Finco, LLC Delaware4
- Wispar 6 Finco, LLC Delaware4
- Wispar Husky Finco, LLC Delaware4
- Wispar Stonelex A, LLC Delaware4
- Wispar Victor, LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- CAPITAL TRUST INCMay 14, 1998 to Apr 29, 20133
Timeline
- Jul 30, 20268-K Results of operations43
- Jun 26, 20268-K Shareholder vote44
- May 19, 20268-K Entered a material agreement; New debt or obligation45
- May 6, 20268-K Other events46
- Apr 29, 20268-K Results of operations47
- Feb 11, 20268-K Results of operations48
- Feb 11, 20268-K Executive or director change49
- Oct 29, 20258-K Results of operations50
- Oct 22, 20258-K Executive or director change; Regulation FD disclosure51
- Sep 19, 20258-K Executive or director change; Regulation FD disclosure52
- Jul 30, 20258-K Results of operations53
- Jul 30, 20258-K Other events54
- Oct 1, 2021New chief executive Katharine A. Keenan becomes CEO15
- Jan 20, 2010New chief executive Stephen D. Plavin becomes CEO16
- Feb 9, 2006New chief executive John R. Klopp becomes CEO17
- Apr 7, 1998Founded BLACKSTONE MORTGAGE TRUST, INC. is founded2
Calendar
Coming up
- Oct 29, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.19 a share, on Oct 29, 2025.55
When it reported results
- Jul 30, 2026Reported quarterly or annual results43
- Apr 29, 2026Reported quarterly or annual results47
- Feb 11, 2026Reported quarterly or annual results48
- Oct 29, 2025Reported quarterly or annual results50
- Jul 30, 2025Reported quarterly or annual results53
- Apr 30, 2025Reported quarterly or annual results56
- Feb 12, 2025Reported quarterly or annual results57
- Oct 23, 2024Reported quarterly or annual results58
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
461 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 44 major events, 269 insider forms, 13 large holders, 115 other. The latest 20:
- Oct 1, 20264 EDGAR
- Sep 30, 2026144 EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 17, 2026144 EDGAR
- Sep 17, 2026144 EDGAR
- Aug 6, 20264 EDGAR
- Jul 30, 20268-K EDGAR
- Jul 30, 202610-Q EDGAR
- Jul 16, 20264 EDGAR
- Jul 16, 20264 EDGAR
- Jul 16, 20264 EDGAR
- Jul 16, 20264 EDGAR
- Jul 16, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jun 30, 2026144 EDGAR
- Jun 29, 20264 EDGAR
- Jun 29, 20264 EDGAR
- Jun 29, 20264 EDGAR
- Jun 29, 20264 EDGAR
The 461 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
105 open-market trades by officers, directors and large owners since October 2021: 12 buys and 93 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 17, 2026 | URBASZEK MARCINChief Financial Officer | Sale | 864 | $13.42 | $11.6K | Form 4 |
| Sep 17, 2026 | Pena Fernando AustinPresident | Sale | 1,127 | $13.42 | $15.1K | Form 4 |
| Aug 4, 2026 | NASSAU HENRY NDirector | Buy | 10,000 | $14.34 | $143.4K | Form 4 |
| Jun 30, 2026 | Pena Fernando AustinPresident | Sale | 1,670 | $17.07 | $28.5K | Form 4 |
| Jun 25, 2026 | Pena Fernando AustinPresident | Sale | 2,398 | $17.48 | $41.9K | Form 4 |
| Jun 17, 2026 | URBASZEK MARCINChief Financial Officer | Sale | 1,352 | $18.35 | $24.8K | Form 4 |
| Mar 31, 2026 | Pena Fernando AustinPresident | Sale | 1,666 | $18.88 | $31.5K | Form 4 |
| Mar 17, 2026 | URBASZEK MARCINChief Financial Officer | Sale | 452 | $19.13 | $8.6K | Form 4 |
| Dec 31, 2025 | Pena Fernando AustinPresident | Sale | 3,131 | $19.24 | $60.2K | Form 4 |
| Dec 17, 2025 | URBASZEK MARCINChief Financial Officer | Sale | 400 | $20.29 | $8.1K | Form 4 |
| Dec 17, 2025 | Marone Anthony F. JRChief Financial Officer | Sale | 1,012 | $20.31 | $20.6K | Form 4 |
| Dec 1, 2025 | Marone Anthony F. JRChief Financial Officer | Sale | 506 | $19.38 | $9.8K | Form 4 |
| Sep 17, 2025 | Keenan Katharine ACEO & President | Sale | 4,593 | $19.49 | $89.5K | Form 4 |
| Sep 17, 2025 | URBASZEK MARCINChief Financial Officer | Sale | 398 | $19.50 | $7.8K | Form 4 |
| Sep 17, 2025 | Marone Anthony F. JRChief Financial Officer | Sale | 1,006 | $19.48 | $19.6K | Form 4 |
| Sep 2, 2025 | Keenan Katharine ACEO & President | Sale | 2,315 | $19.25 | $44.6K | Form 4 |
| Sep 2, 2025 | Marone Anthony F. JRChief Financial Officer | Sale | 506 | $19.27 | $9.8K | Form 4 |
| Jun 17, 2025 | Keenan Katharine ACEO & President | Sale | 6,931 | $19.13 | $132.6K | Form 4 |
| Jun 17, 2025 | URBASZEK MARCINChief Financial Officer | Sale | 800 | $19.15 | $15.3K | Form 4 |
| Jun 17, 2025 | Marone Anthony F. JRChief Financial Officer | Sale | 1,517 | $19.20 | $29.1K | Form 4 |
All 105 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202659
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 9, 2022 to Mar 26, 202660
- BlackRockSCHEDULE 13G/A, 6 filings Feb 1, 2022 to Jul 17, 202561
- Blackstone Group Management L.L.C.SCHEDULE 13G, 1 filing Feb 10, 202562
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | F. Austin PeñaPresident | 40 | $1.3M | $1.3M63 |
| 2025 | Katharine A. KeenanFormer Chief Executive Officer and President | $1.2M63 | ||
| 2025 | Timothy JohnsonChief Executive Officer | 46 | $1.1M63 | |
| 2025 | Anthony F. Marone, Jr.Former Chief Financial Officer, Treasurer and Assistant Secretary | $298.1K63 | ||
| 2024 | Katharine A. KeenanFormer Chief Executive Officer and President | $990.9K63 | ||
| 2024 | Anthony F. Marone, Jr.Former Chief Financial Officer, Treasurer and Assistant Secretary | $229.3K63 | ||
| 2023 | Katharine A. KeenanFormer Chief Executive Officer and President | $1.2M63 | ||
| 2023 | Anthony F. Marone, Jr.Former Chief Financial Officer, Treasurer and Assistant Secretary | $269.4K63 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 24,981,252 | $423.4M | 0.0% | +532,438 |
| Blackstone Inc. | 9,283,323 | $157.4M | 0.5% | No change |
| Vanguard Portfolio Management LLC | 8,895,012 | $150.8M | 0.0% | +105,962 |
| Vanguard Capital Management LLC | 7,158,499 | $121.3M | 0.0% | −54,179 |
| State Street Corp | 6,416,582 | $111.7M | 0.0% | +269,971 |
| UBS Group AG | 4,555,253 | $77.2M | 0.0% | +2,267,054 |
| Geode Capital Management, LLC | 4,107,919 | $69.6M | 0.0% | +224,227 |
| Morgan Stanley | 2,825,447 | $47.9M | 0.0% | +587,620 |
| Charles Schwab Investment Management Inc | 2,336,409 | $39.6M | 0.0% | −133,735 |
| Northern Trust Corp | 1,934,896 | $32.8M | 0.0% | +106,732 |
| Qube Research & Technologies Ltd | 1,918,112 | $32.5M | 0.0% | +348,450 |
| Invesco Ltd. | 1,570,822 | $26.6M | 0.0% | +248,450 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 1,564,295 | $26.5M | 0.0% | +50,267 |
| Advisors Capital Management, LLC | 1,311,682 | $22.2M | 0.2% | +107,491 |
| Wells Fargo & Company/mn | 1,129,263 | $19.1M | 0.0% | +83,414 |
| Bank of New York Mellon Corp | 1,068,362 | $18.1M | 0.0% | +38,271 |
| Vanguard Fiduciary Trust Co | 1,041,211 | $17.6M | 0.0% | +14,757 |
| Goldman Sachs Group Inc | 983,515 | $16.7M | 0.0% | −453,335 |
| Bank Of America Corp /de/ | 976,748 | $16.6M | 0.0% | −320,314 |
| Van Eck Associates Corp | 935,545 | $15.9M | 0.0% | −22,602 |
| MetLife Investment Management, LLC | 904,552 | $15.3M | 0.1% | +5,177 |
| Nuveen, LLC | 828,247 | $14.0M | 0.0% | +242,727 |
| Balyasny Asset Management L.P. | 809,067 | $13.7M | 0.0% | New |
| Principal Financial Group Inc | 755,358 | $12.8M | 0.0% | −15,543 |
| Rockefeller Capital Management L.P. | 755,181 | $12.8M | 0.0% | +26,195 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
6 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Jan 24, 2022 | Virginia FoxxRepublican, House | Sale | $50,001 - $100,000 | +140.9% | Report |
| Jan 18, 2022 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −135.9% | Report |
| Nov 26, 2021 | Virginia FoxxRepublican, House | Buy | $15,001 - $50,000 | −134.1% | Report |
| Aug 9, 2021 | Virginia FoxxRepublican, House | Buy | $50,001 - $100,000 | −141.6% | Report |
| Jun 15, 2020 | Alan S. Lowenthal, House | Sale | $1,001 - $15,000 | +208.4% | Report |
| Apr 9, 2020 | Alan S. Lowenthal, House | Partial sale | $1,001 - $15,000 | +230.1% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How BLACKSTONE MORTGAGE TRUST, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBLACKSTONE MORTGAGE TRUST, INC.1
- CIK0001061630
- Employer ID (EIN)94-61811865
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address345 Park Avenue, 24Th Floor, New York, NY 101541
- Phone21265502201
- Shares outstanding168,543,591 as of Jul 23, 202612
- Public float$3.2B as of Jun 30, 20255
- AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceMay 14, 19981
- Filings2,303 in all: 4 (1,423), 8-K (293), 10-Q (83), 144 (65), 424B5 (49), SC 13D/A (43), SC 13G/A (38), DEF 14A (31)1
All 48 form types
10-K (28), DEFA14A (28), IRANNOTICE (26), 3 (25), UPLOAD (21), SC 13G (19), ARS (17), CORRESP (16), 5 (8), S-8 (8), S-8 POS (8), FWP (7), S-3 (6), 424B3 (5), PRE 14A (5), S-3ASR (5), CT ORDER (4), EFFECT (4), SC 13D (4), 10-K/A (3), 4/A (3), S-11/A (3), S-4/A (3), SCHEDULE 13G/A (3), 40-APP/A (2), 8-A12B/A (2), SCHEDULE 13G (2), 25-NSE (1), 40-APP (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERTNYS (1), DEFR14A (1), NO ACT (1), PRER14A (1), REGDEX (1), S-11 (1), S-3/A (1), S-4 (1)
- Latest filingsAnnual report (10-K) Feb 11, 2026
Quarterly report (10-Q) Jul 30, 2026
Proxy statement (DEF 14A) Apr 29, 2026
Latest 8-K (8-K) Jul 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A common stock, | BXMT | New York Stock Exchange |
From the cover page of the 10-K filed Feb 11, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks BLACKSTONE MORTGAGE TRUST, INC. names in Item 1A of its 10-K filed Feb 11, 2026: 78 risks under these headings, as written.5
- Risks Related to Our Investments
- Our investments expose us to risks associated with debt or credit-oriented real estate investments generally.
- Commercial real estate-related investments that are secured, directly or indirectly, by real property are subject to
- delinquency, foreclosure and loss, which have resulted and in the future could result in losses to us.
- Fluctuations in interest rates and credit spreads have reduced and in the future could reduce our ability to generate
- income on our loans and other investments, which could lead to a significant decrease in our results of operations, cash
- flows and the market value of our investments and may limit our ability to pay dividends to our stockholders.
- The timing of loan repayment is difficult to predict and may adversely affect our financial performance, liquidity and
- Difficulty in redeploying the proceeds from repayments of our existing loans and investments may cause our financial
- performance and returns to investors to suffer.
- We operate in a competitive market for lending and investment opportunities, which may intensify, and competition may
- limit our ability to originate or acquire desirable loans and investments or dispose of investments, and could also affect
The other 67 risks
- the yields of these investments and have a material adverse effect on our business, financial condition and results of
- If we are unable to successfully integrate new assets or businesses and manage our growth, our results of operations
- and financial condition may suffer.
- Our Manager manages our portfolio pursuant to very broad investment guidelines and is not required to seek the
- approval of our board of directors for each investment, financing, asset allocation or hedging decision made by it, which
- may result in our making riskier loans and investments and which could adversely affect our results of operations and
- financial condition.
- Acquiring or attempting to acquire multiple investments in a single transaction may adversely affect our operations.
- The illiquidity of certain assets we invest in may adversely affect our business.
- Any distressed loans or investments we make, or loans and investments that later become distressed, may subject us to
- losses and other risks.
- The success of our investment strategy depends, in part, on our ability to successfully effectuate loan modifications and/
- or restructurings.
- Financial or operating difficulties of our borrowers may result in our being subject to bankruptcy proceedings.
- We have in the past and may in the future foreclose on certain of the loans we originate or acquire, which could result
- in losses that negatively impact our results of operations and financial condition.
- We are subject to the risks inherent in the ownership and operation of real estate.
- Increases in our CECL reserves have had and could continue to have an adverse effect on our business, financial
- condition and results of operations.
- CECL reserves are difficult to estimate.
- Certain of our investments are recorded at fair value and, as a result, there will be uncertainty as to the value of these
- Control may be limited over certain of our loans and investments.
- B-Notes, mezzanine loans, and other investments (such as preferred equity) that are subordinated or otherwise junior in
- the capital structure and that involve privately negotiated structures will expose us to greater risk of loss.
- Loans on properties in transition may involve a greater risk of loss than conventional mortgage loans.
- Risks of cost overruns and noncompletion of renovations of properties in transition may result in significant losses.
- There are increased risks involved with our construction lending activities.
- Loans or investments involving international real estate-related assets are subject to special risks that we may not
- manage effectively, which could have a material adverse effect on our results of operations and financial condition and
- our ability to pay dividends to our stockholders.
- A prolonged economic slowdown, a lengthy or severe recession, severe public health events or declining real estate
- values could impair our investments and harm our operations.
- Transactions denominated in foreign currencies subject us to heightened risks, including foreign currency risks and
- regulatory risks.
- Our success depends on the availability of attractive investments and our ability to identify, structure, consummate,
- leverage, manage and realize returns on our investments.
- Real estate valuation is inherently subjective and uncertain, and is subject to change, especially during periods of
- Our loans and investments may be concentrated in terms of geography, asset types, and sponsors, which could subject
- us to increased risk of loss.
- Our due diligence process for investment opportunities may not reveal all relevant information.
- Insurance on properties underlying or securing our investments may not cover all losses.
- The impact of any future terrorist attacks and the availability of affordable terrorism insurance expose us to certain
- The properties related to our investments may be subject to unknown liabilities, including environmental liabilities, that
- could affect the value of these properties and as a result, our investments.
- Risks associated with climate change may adversely affect our business and financial results and damage our
- We are subject to evolving sustainability disclosure standards and expectations that expose us to numerous risks.
- We may be subject to lender liability claims, and if we are held liable under such claims, we could be subject to losses.
- Our investments in CMBS and CLOs and other similar structured finance investments, as well as those we structure,
- sponsor or arrange, pose additional risks.
- Investments in non-conforming and non-investment grade rated loans or securities involve increased risk of loss.
- Joint venture investments could be adversely affected by our lack of sole decision-making authority, our reliance on
- joint venture partners’ financial condition and liquidity and disputes between us and our joint venture partners.
- Our net leased commercial property investments expose us to risks.
- We may make investments related to data centers which exposes us to related risks.
- Changes in the condition of Fannie Mae or Freddie Mac or government support for rental housing and potential
- related developments could adversely affect us.
- Risks Related to Our Financing and Hedging
- Our significant amount of debt may subject us to increased risk of loss and could adversely affect our results of
- Interest rate fluctuations could increase our financing costs, which could lead to a significant decrease in our results of
- operations, cash flows and the market value of our investments.
- Our current debt agreements impose, and future debt agreements may impose, restrictive covenants, which may restrict
- our flexibility to operate and make investments.
- Our master repurchase agreements, secured credit facilities, and other financings we may enter into in the future may
- require us to provide additional collateral or pay down debt.
- Our use of leverage may create a mismatch with the duration and interest rate of the investments that we are financing.
- Our loans and investments may be subject to fluctuations in interest rates that may not be adequately protected, or
- protected at all, by our hedging strategies.
- Inability to access funding could have a material adverse effect on our results of operations, financial condition and
Legal proceedings
From time to time, we may be involved in various claims and legal actions arising in the ordinary course of business. As of
December 31, 2025, we were not involved in any material legal proceedings.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 5
- 6
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- 8
- 9
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- 18SEC EDGARFernando Austin Pena, President
- 19SEC EDGARKatharine A. Keenan, President
- 20
- 21
- 22
- 23
- 24
- 25SEC EDGARGeoffrey G. Jervis, Officer
- 26
- 27
- 28SEC EDGARGilda Perez-Alvarado, Board member
- 29SEC EDGARKatharine A. Keenan, Board member
- 30SEC EDGARNnenna Lynch, Board member
- 31SEC EDGARLeonard W. Cotton, Board member
- 32SEC EDGARJoshua A. Polan, Board member
- 33SEC EDGARJohn Schreiber, Board member
- 34SEC EDGARMichael B. Nash, Board member
- 35SEC EDGARMartin L. Edlelman, Board member
- 36SEC EDGARCraig M. Hatkoff, Board member
- 37SEC EDGAREdward S. Hyman, Board member
- 38SEC EDGARHenry N. Nassau, Board member
- 39SEC EDGARLynne B. Sagalyn, Board member
- 40SEC EDGARMartin L. Edelman, Board member
- 41SEC EDGARSam Zell, Board member
- 42SEC EDGARThomas E. Dobrowski, Board member
- 43SEC EDGARResults of operations
- 44SEC EDGARShareholder vote
- 45
- 46SEC EDGAROther events
- 47SEC EDGARResults of operations
- 48SEC EDGARResults of operations
- 49SEC EDGARExecutive or director change
- 50SEC EDGARResults of operations
- 51
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- 53SEC EDGARResults of operations
- 54SEC EDGAROther events
- 55NasdaqNasdaq calendar
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