Blackstone Mortgage Trust Inc 2025年季度报告

FORM10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE QUARTERLY PERIOD ENDEDMARCH31, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______ TO ______Commission File Number:001-14788 Blackstone Mortgage Trust, Inc.(Exact name of Registrant as specified in its charter) 345 Park Avenue,24th FloorNew York,New York10154(Address of principal executive offices)(Zip Code)(212)655-0220(Registrant’s telephone number, including area code)N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The number of the registrant’s shares of class A common stock, par value $0.01 per share, outstanding as ofApril23, 2025was171,580,190. TABLE OF CONTENTS PART I.FINANCIAL INFORMATION ITEM 1.FINANCIAL STATEMENTS3Consolidated Financial Statements (Unaudited):Consolidated Balance Sheets as of March 31, 2025 and December 31, 20243Consolidated Statements of Operations for the Three Months Ended March 31, 2025 and 20244Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2025 and20245Consolidated Statements of Changes in Equity for the Three Months Ended March 31, 2025 and 20246Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 20247Notes to Consolidated Financial Statements9ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ANDRESULTS OF OPERATIONS53ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK86ITEM 4.CONTROLS AND PROCEDURES88PART II.OTHER INFORMATIONITEM 1.LEGAL PROCEEDINGS89ITEM 1A.RISK FACTORS89 ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS90ITEM 3.DEFAULTS UPON SENIOR SECURITIES91ITEM 4.MINE SAFETY DISCLOSURES91ITEM 5.OTHER INFORMATION91ITEM 6.EXHIBITS92SIGNATURES93 TABLE OF CONTENTS Website Disclosure We use our website (www.blackstonemortgagetrust.com) as a channel of distribution of company information. Theinformation we post through this channel may be deemed material. Accordingly, investors should monitor this channel, inaddition to following our press releases, Securities and Exchange Commission, or SEC, filings and public conference calls,and webcasts. In addition, you may automatically receive email alerts and other information about Blackstone MortgageTrust when you enroll your email address by visiting the “Contact Us and Email Alerts” section of our website at http://ir.blackstonemortgagetrust.com. The contents of our website and any alerts are not, however, a part of this report. BlackstoneMortgageTrust, Inc.Consolidated Balance Sheets (Unaudited)(in thousands, except share data) See accompanying notes to consolidated financial statements. Blackstone Mortgage Trust, Inc.Consolidated Statements of Operations (Unaudited)(in thousands, except share and per share data) Blackstone Mortgage Trust, Inc.Consolidated Statements of ComprehensiveIncome (Unaudited)(in thousands) continued… Blackstone Mortgage Trust, Inc.Consolidated Statements of Cash Flows (Unaudited)(in thousands) Blackstone Mortgage Trust, Inc.Notes to Consolidated Financial Statements (Unaudited) 1.ORGANIZATION References herein to “Blackstone Mortgage Trust,” “Company,” “we,” “us” or “our” refer to Blackstone Mortgage Trust,Inc., a Maryland corporation, and its subsidiaries unless the context specifically requires otherwise. Blackstone Mortgage Trust is a real estate finance company that originates, acquires, and manages senior l