2017 Q1 Form 10-K Financial Statement

#000119312517043457 Filed on February 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2015 Q4
Revenue $118.5M $116.3M $128.4M
YoY Change -3.66% -9.42% 120.4%
Cost Of Revenue $46.70M $44.50M $46.30M
YoY Change 2.86% -3.89% 116.36%
Gross Profit $71.80M $71.80M $82.10M
YoY Change -7.47% -12.55% 123.1%
Gross Profit Margin 60.58% 61.74% 63.94%
Selling, General & Admin $20.30M $19.50M $22.40M
YoY Change -0.49% -12.95% 83.61%
% of Gross Profit 28.27% 27.16% 27.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $20.30M $19.50M $22.40M
YoY Change -0.49% -12.95% 83.61%
Operating Profit $51.50M $52.30M $59.70M
YoY Change -9.97% -12.4% 142.68%
Interest Expense $46.67M $1.000M $6.000M
YoY Change 2.85% -83.33% -36.17%
% of Operating Profit 90.63% 1.91% 10.05%
Other Income/Expense, Net
YoY Change
Pretax Income $51.49M $53.30M $65.70M
YoY Change -10.35% -18.87% 158.66%
Income Tax $89.00K -$100.0K $100.0K
% Of Pretax Income 0.17% -0.19% 0.15%
Net Earnings $51.41M $53.38M $65.26M
YoY Change -9.89% -18.22% 203.69%
Net Earnings / Revenue 43.37% 45.89% 50.83%
Basic Earnings Per Share
Diluted Earnings Per Share $541.1K $565.1K $696.9K
COMMON SHARES
Basic Shares Outstanding 94.82M shares 93.91M shares 93.21M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.00M $76.00M $96.00M
YoY Change -42.34% -20.83% 84.62%
Cash & Equivalents $64.28M $75.57M $96.45M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $64.00M $76.00M $96.00M
YoY Change -42.34% -20.83% 84.62%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $9.441M
YoY Change -100.0% -14.17%
Other Assets $0.00 $10.00M
YoY Change -100.0% -16.67%
Total Long-Term Assets $8.891B $8.737B $9.281B
YoY Change -5.86% -5.86% 105.29%
TOTAL ASSETS
Total Short-Term Assets $64.00M $76.00M $96.00M
Total Long-Term Assets $8.891B $8.737B $9.281B
Total Assets $8.955B $8.813B $9.377B
YoY Change -6.28% -6.01% 105.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $6.282B $6.231B $6.777B
YoY Change -9.65% -8.06% 125.07%
Other Long-Term Liabilities $177.0M $88.00M $94.00M
YoY Change 77.0% -6.38% 54.1%
Total Long-Term Liabilities $6.459B $6.319B $6.871B
YoY Change -8.42% -8.03% 123.67%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $6.459B $6.319B $6.871B
Total Liabilities $6.459B $6.319B $6.871B
YoY Change -8.43% -8.03% 123.67%
SHAREHOLDERS EQUITY
Retained Earnings -$548.6M -$541.1M -$545.8M
YoY Change 0.29% -0.85% -0.33%
Common Stock $3.097B $3.091B $3.071B
YoY Change 0.71% 0.64% 51.44%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.496B $2.494B $2.493B
YoY Change
Total Liabilities & Shareholders Equity $8.955B $8.813B $9.377B
YoY Change -6.28% -6.01% 105.05%

Cashflow Statement

Concept 2017 Q1 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $51.41M $53.38M $65.26M
YoY Change -9.89% -18.22% 203.69%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $57.40M $49.10M $66.80M
YoY Change -12.77% -26.5% 189.18%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$124.5M -$355.5M $370.8M
YoY Change -14.73% -195.87% -167.94%
Cash From Investing Activities -$124.5M -$355.5M $370.8M
YoY Change -14.73% -195.87% -167.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.000K
YoY Change 33.33%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 55.20M 290.1M -479.5M
YoY Change -39.8% -160.5% -193.73%
NET CHANGE
Cash From Operating Activities 57.40M 49.10M 66.80M
Cash From Investing Activities -124.5M -355.5M 370.8M
Cash From Financing Activities 55.20M 290.1M -479.5M
Net Change In Cash -11.90M -16.30M -41.90M
YoY Change -203.48% -61.1% 277.48%
FREE CASH FLOW
Cash From Operating Activities $57.40M $49.10M $66.80M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016Q4 us-gaap Interest Receivable
InterestReceivable
32871000
CY2016Q4 us-gaap Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
348077000
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
803000
CY2017Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
94821471 shares
CY2016Q2 dei Entity Public Float
EntityPublicFloat
2500000000
CY2016Q4 bxmt Loan Portfolio Payments Held By Our Third Party Loan Servicer
LoanPortfolioPaymentsHeldByOurThirdPartyLoanServicer
6294000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
52342000
CY2016Q4 bxmt Secured Debt Financing Agreements
SecuredDebtFinancingAgreements
676333000
CY2013Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
2047223000
CY2016Q4 bxmt Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
94709290 shares
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
756750000
CY2013Q4 bxmt Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
29602884 shares
CY2016Q4 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
8692978000
CY2016Q4 us-gaap Other Assets
OtherAssets
44070000
CY2016Q4 us-gaap Other Liabilities
OtherLiabilities
87819000
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
51810000
CY2014Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4428500000
CY2016Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
0
CY2016Q4 bxmt Book Value Collateral Of Gross Loan For Asset Specific Financing Agreements
BookValueCollateralOfGrossLoanForAssetSpecificFinancingAgreements
869417000
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1500886000
CY2014Q4 bxmt Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
58388808 shares
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
25000000
CY2015Q4 us-gaap Derivative Assets
DerivativeAssets
8657000
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
93702326 shares
CY2015Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
35600000
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
93702326 shares
CY2016Q4 bxmt Number Of Benefit Plans
NumberOfBenefitPlans
7 Plans
CY2016Q4 bxmt Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
0.64 pure
CY2016Q4 bxmt Floating Rate Loans
FloatingRateLoans
216300000
CY2016Q4 bxmt Tax Basis Of Mortgage Loans
TaxBasisOfMortgageLoans
8300000000
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2016Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3089997000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
75567000
CY2016Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
166762000
CY2016Q4 us-gaap Common Stock Value
CommonStockValue
945000
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
210000
CY2016Q4 bxmt Participating Mortgage Loans Participation Liabilities Principal Amount
ParticipatingMortgageLoansParticipationLiabilitiesPrincipalAmount
419560000
CY2016Q4 bxmt Debt Instrument Covenant Requirement On Consolidated Tangible Net Worth Minimum
DebtInstrumentCovenantRequirementOnConsolidatedTangibleNetWorthMinimum
1900000000
CY2016Q4 bxmt Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
0.36 pure
CY2015Q4 us-gaap Assets
Assets
9376573000
CY2015Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
15646000
CY2015Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3070200000
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96450000
CY2015Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
164026000
CY2015Q4 us-gaap Common Stock Value
CommonStockValue
937000
CY2015Q4 us-gaap Equity Method Investments
EquityMethodInvestments
9441000
CY2015Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
1448000
CY2016Q4 bxmt Secured Debt Repurchase Agreements Gross
SecuredDebtRepurchaseAgreementsGross
5731626000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-57800000
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-32758000
CY2015Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
0
CY2015Q4 us-gaap Prepaid Taxes
PrepaidTaxes
525000
CY2015Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
890000
CY2015Q4 us-gaap Other Assets
OtherAssets
184119000
CY2016Q4 bxmt Secured Debt Repurchase Agreements Face Amount
SecuredDebtRepurchaseAgreementsFaceAmount
679207000
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
93679000
CY2015Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
0
CY2015Q4 us-gaap Liabilities
Liabilities
6870842000
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
9376573000
CY2015Q4 us-gaap Minority Interest
MinorityInterest
13143000
CY2015Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
9077007000
CY2015Q4 us-gaap Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
9108361000
CY2016Q4 bxmt Loans Outstanding With Unfunded Commitments
LoansOutstandingWithUnfundedCommitments
58 Loans
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Mortgage Loans On Real Estate Prior Liens1
MortgageLoansOnRealEstatePriorLiens1
1029516000
CY2016Q4 us-gaap Liabilities
Liabilities
6319012000
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-107500000
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-56202000
CY2016Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
0
CY2016Q4 us-gaap Prepaid Taxes
PrepaidTaxes
16000
CY2016Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
159000000
CY2015Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
9077007000
CY2015Q4 us-gaap Interest Receivable
InterestReceivable
37161000
CY2015Q4 us-gaap Participating Mortgage Loans Participation Liabilities Amount
ParticipatingMortgageLoansParticipationLiabilitiesAmount
497032000
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
2492588000
CY2016Q4 bxmt Libor Average Floor Rate
LiborAverageFloorRate
0.0127 pure
CY2016Q4 bxmt Percentage Of Portfolio
PercentageOfPortfolio
1.00 pure
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2505731000
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-545791000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
2493603000
CY2016Q4 bxmt Debt Instrument Covenant Minimum Percentage Of Cash Liquidity On Recourse Indebtedness
DebtInstrumentCovenantMinimumPercentageOfCashLiquidityOnRecourseIndebtedness
0.05 pure
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
9556000
CY2015Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet
0
CY2015Q4 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
6116105000
CY2015Q4 bxmt Common Stock Shares Outstanding Including Stock Equivalents
CommonStockSharesOutstandingIncludingStockEquivalents
93843847 shares
CY2015Q4 bxmt Percentage Of Loans Subject To Yield Maintenance Lock Out Provisions Other Prepayment Restrictions
PercentageOfLoansSubjectToYieldMaintenanceLockOutProvisionsOtherPrepaymentRestrictions
0.64 pure
CY2015Q4 bxmt Floating Rate Loans
FloatingRateLoans
147900000
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2493603000
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-541137000
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 bxmt Participating Mortgage Loans Participation Liabilities Principal Amount
ParticipatingMortgageLoansParticipationLiabilitiesPrincipalAmount
608554000
CY2015Q4 bxmt Percentage Of Loans Open To Repayment By Borrower
PercentageOfLoansOpenToRepaymentByBorrower
0.36 pure
CY2015Q4 bxmt Real Estate Debt And Equity Investments At Fair Value
RealEstateDebtAndEquityInvestmentsAtFairValue
14220000
CY2015Q4 bxmt Secured Debt Repurchase Agreements Gross
SecuredDebtRepurchaseAgreementsGross
6131751000
CY2016Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet
0
CY2016Q4 us-gaap Secured Debt Repurchase Agreements
SecuredDebtRepurchaseAgreements
5716354000
CY2016Q4 bxmt Stock Shares Authorized
StockSharesAuthorized
300000000 shares
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8812615000
CY2016Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
8692978000
CY2015Q4 bxmt Weighted Average Risk Rating On Loan Exposure
WeightedAverageRiskRatingOnLoanExposure
2.2 pure
CY2015Q4 bxmt Loans Exposure Amount
LoansExposureAmount
10148126000
CY2015Q4 bxmt Loan Exposure Amount Including Non Consolidated Senior Interests
LoanExposureAmountIncludingNonConsolidatedSeniorInterests
1000000000
CY2015Q4 bxmt Libor Average Floor Rate
LiborAverageFloorRate
0.0180 pure
CY2015Q4 bxmt Percentage Of Portfolio
PercentageOfPortfolio
1.00 pure
CY2015Q4 bxmt Loan Portfolio Payments Held By Our Third Party Loan Servicer
LoanPortfolioPaymentsHeldByOurThirdPartyLoanServicer
122666000
CY2016Q4 bxmt Principal Collateral Of Gross Loan For Asset Specific Financing Agreements
PrincipalCollateralOfGrossLoanForAssetSpecificFinancingAgreements
876083000
CY2016Q4 us-gaap Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
8727218000
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
51300000
CY2016Q4 us-gaap Derivative Assets
DerivativeAssets
4086000
CY2016Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
94540263 shares
CY2016Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
29600000
CY2016Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
8692978000
CY2016Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
24000000
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
94540263 shares
CY2016Q4 us-gaap Assets
Assets
8812615000
CY2016Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
15272000
CY2016Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
0
CY2014 us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
35449000
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-15822000
CY2016Q4 bxmt Weighted Average Risk Rating On Loan Exposure
WeightedAverageRiskRatingOnLoanExposure
2.5 pure
CY2016Q4 bxmt Loans Exposure Amount
LoansExposureAmount
9756734000
CY2016Q4 bxmt Loan Exposure Amount Including Non Consolidated Senior Interests
LoanExposureAmountIncludingNonConsolidatedSeniorInterests
1000000000
CY2016Q4 bxmt Asset Downgraded Net Book Value
AssetDowngradedNetBookValue
20900000
CY2016Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.62
CY2016Q4 bxmt Number Of Directors
NumberOfDirectors
8 Directors
CY2016Q4 bxmt Percentage Of Compensation Form Of Deferred Stock Units
PercentageOfCompensationFormOfDeferredStockUnits
0.60 pure
CY2016Q4 bxmt Number Of Directors Eligible For Annual Compensation
NumberOfDirectorsEligibleForAnnualCompensation
5 Directors
CY2016Q4 bxmt Percentage Of Compensation Paid In Cash
PercentageOfCompensationPaidInCash
0.40 pure
CY2013Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
25875000 shares
CY2014 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
20537 shares
CY2014 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
9900000
CY2014 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
7983000
CY2014 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.86
CY2014 us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
-8615000
CY2014 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.98
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
27799000
CY2014 us-gaap Dividends Common Stock
DividendsCommonStock
101262000
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-2209000
CY2014 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
19785000
CY2014 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
74223000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1677000
CY2014 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
10449000
CY2014 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
1138000
CY2014 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
17867000
CY2014 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-15822000
CY2014 us-gaap Gain Loss On Investments
GainLossOnInvestments
13258000
CY2014 us-gaap Interest Paid
InterestPaid
55174000
CY2014 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
27063000
CY2014 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
1980000
CY2014 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
8290000
CY2014 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
3196939000
CY2014 us-gaap Net Income Loss
NetIncomeLoss
90045000
CY2014 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
564183000
CY2014 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13166000
CY2014 us-gaap Payments For Participation Liabilities
PaymentsForParticipationLiabilities
61836000
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10449000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
101012000
CY2014 us-gaap Interest Expense
InterestExpense
69143000
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-2412896000
CY2014 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
16160000
CY2014 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
620413000
CY2014 us-gaap Noninterest Expense
NoninterestExpense
47290000
CY2014 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
13775000
CY2014 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
115623000
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
84238000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
2333936000
CY2014 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1473000
CY2015 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
15056000
CY2014 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
3067263000
CY2014 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
184766000
CY2014 us-gaap Management Fee Expense
ManagementFeeExpense
19491000
CY2014 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
28036000
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
518000
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
80637000
CY2014 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-13775000
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1495000
CY2014 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
766138000
CY2014 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
84672000
CY2014 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1926644000
CY2014 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
766143000
CY2014 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
20794000
CY2014 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
6 shares
CY2014 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
28275006 shares
CY2014 us-gaap Professional Fees
ProfessionalFees
2324000
CY2014 us-gaap Profit Loss
ProfitLoss
100494000
CY2014 bxmt Amortization Of Deferred Loan Origination Fee Net
AmortizationOfDeferredLoanOriginationFeeNet
19785000
CY2015 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
22602 shares
CY2015 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
20708000
CY2015 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
12960000
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
2.41
CY2015 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-4000
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.28
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
36709000
CY2015 us-gaap Dividends Common Stock
DividendsCommonStock
194769000
CY2015 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
113000
CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
9716000
CY2014 us-gaap Restricted Stock Expense
RestrictedStockExpense
7988000
CY2014 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
490381 shares
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
48394478 shares
CY2014 bxmt Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
375000
CY2014 bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
4304000
CY2015 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
36053000
CY2015 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
179095000
CY2014 bxmt Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
30357000
CY2014 bxmt Percentage Of Taxable Dividend
PercentageOfTaxableDividend
1.000 pure
CY2014 bxmt Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
494306000
CY2014 bxmt Percentage Of Taxable As Capital Gain Dividends
PercentageOfTaxableAsCapitalGainDividends
0.0048 pure
CY2014 bxmt Loans Originated Acquired And Funded During Period
LoansOriginatedAcquiredAndFundedDuringPeriod
3067263000
CY2014 bxmt Deferred Origination Fees And Expenses
DeferredOriginationFeesAndExpenses
35449000
CY2014 bxmt Percentage Of Taxable As Ordinary Dividend
PercentageOfTaxableAsOrdinaryDividend
0.9952 pure
CY2014 bxmt Unrealized Foreign Currency Loss On Mortgage Loans
UnrealizedForeignCurrencyLossOnMortgageLoans
52076000
CY2014 bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
22635000
CY2014 bxmt Noncontrolling Interest Increase Decrease From Business Combination
NoncontrollingInterestIncreaseDecreaseFromBusinessCombination
-8615000
CY2014 bxmt Reclassification To Other Assets
ReclassificationToOtherAssets
27000000
CY2014 bxmt Loan Participation Sold Repaid Net
LoanParticipationSoldRepaidNet
432470000
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
44527000
CY2016 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
19045000
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
2.53
CY2015 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
23882000
CY2015 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
5007000
CY2015 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-41616000
CY2015 us-gaap Gain Loss On Investments
GainLossOnInvestments
21967000
CY2015 us-gaap Interest Paid
InterestPaid
127429000
CY2015 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
2709000
CY2015 us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
17076000
CY2015 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5280000
CY2015 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
6885393000
CY2015 us-gaap Net Income Loss
NetIncomeLoss
196829000
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
15056000
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
212389000
CY2015 us-gaap Interest Expense
InterestExpense
152416000
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-4820985000
CY2015 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
21230000
CY2015 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
2347966000
CY2015 us-gaap Noninterest Expense
NoninterestExpense
79595000
CY2015 us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
33501000
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-17734000
CY2015 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
22385000
CY2015 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
37428000
CY2015 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
2407920000
CY2015 us-gaap Payments For Participation Liabilities
PaymentsForParticipationLiabilities
238164000
CY2015 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
258219000
CY2015 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
166978000
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
4694118000
CY2015 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
125000
CY2016 dei Document Type
DocumentType
10-K
CY2016 dei Entity Central Index Key
EntityCentralIndexKey
0001061630
CY2016 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
19339000
CY2015 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
7204487000
CY2015 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
410635000
CY2015 us-gaap Management Fee Expense
ManagementFeeExpense
42886000
CY2015 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11798000
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
504000
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
171394000
CY2015 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-37428000
CY2015 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-2035000
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1029540000
CY2015 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
194151000
CY2015 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3030091000
CY2015 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
16000
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1029540000
CY2015 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
597 shares
CY2015 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
34780622 shares
CY2015 us-gaap Professional Fees
ProfessionalFees
3156000
CY2015 us-gaap Profit Loss
ProfitLoss
211885000
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
20717000
CY2015 us-gaap Restricted Stock Expense
RestrictedStockExpense
12966000
CY2015 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
651815 shares
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
81740227 shares
CY2015 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
125
CY2016 dei Document Period End Date
DocumentPeriodEndDate
2016-12-31
CY2015 bxmt Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
375000
CY2015 bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
15488000
CY2015 bxmt Other Comprehensive Income Realized And Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeRealizedAndUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
23882000
CY2015 bxmt Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
58095000
CY2015 bxmt Percentage Of Taxable Dividend
PercentageOfTaxableDividend
1.000 pure
CY2015 bxmt Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
256000000
CY2015 bxmt Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
3 Loans
CY2015 bxmt Percentage Of Taxable As Capital Gain Dividends
PercentageOfTaxableAsCapitalGainDividends
0.0764 pure
CY2015 bxmt Loans Originated Acquired And Funded During Period
LoansOriginatedAcquiredAndFundedDuringPeriod
7203145000
CY2015 bxmt Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
118074000
CY2015 bxmt Deferred Origination Fees And Expenses
DeferredOriginationFeesAndExpenses
33501000
CY2015 bxmt Percentage Of Taxable As Ordinary Dividend
PercentageOfTaxableAsOrdinaryDividend
0.9236 pure
CY2015 bxmt Unrealized Foreign Currency Loss On Mortgage Loans
UnrealizedForeignCurrencyLossOnMortgageLoans
149269000
CY2015 bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
20888000
CY2015 bxmt Participations Sold Loan Weighted Average Term
ParticipationsSoldLoanWeightedAverageTerm
2018-11
CY2015 bxmt Loan Participation Sold Repaid Net
LoanParticipationSoldRepaidNet
17836000
CY2015 bxmt Amortization Of Deferred Loan Origination Fee Net
AmortizationOfDeferredLoanOriginationFeeNet
36052000
CY2016 dei Entity Registrant Name
EntityRegistrantName
BLACKSTONE MORTGAGE TRUST, INC.
CY2016 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
27506 shares
CY2016 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
214853000
CY2016 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-798000
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2016 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016 dei Amendment Flag
AmendmentFlag
false
CY2016 us-gaap Deferred Revenue Description
DeferredRevenueDescription
Income accrual is generally suspended for loans at the earlier of the date at which payments become 90 days past due or when, in the opinion of our Manager, recovery of income and principal becomes doubtful.
CY2016 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
2.48
CY2016 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
27716000
CY2016 us-gaap Dividends Common Stock
DividendsCommonStock
233293000
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-19302000
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-1581000
CY2016 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
40345000
CY2016 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2016 us-gaap Interest Paid
InterestPaid
164905000
CY2016 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
8143000
CY2016 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2017-02-28
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-49686000
CY2016 us-gaap Gain Loss On Investments
GainLossOnInvestments
13420000
CY2016 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2016-12-14
CY2016 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
25444000
CY2016 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2016-12-30
CY2016 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
2147000
CY2016 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2017-01-13
CY2016 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
9977000
CY2016 us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
23580000
CY2016 us-gaap Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
Cash and cash equivalents represent cash held in banks, cash on hand, and liquid investments with original maturities of three months or less.
CY2016 us-gaap Interest Expense
InterestExpense
184270000
CY2016 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
443643000
CY2016 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
15350000
CY2016 us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
3514429000
CY2016 us-gaap Noninterest Expense
NoninterestExpense
83675000
CY2016 us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
44697000
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-23444000
CY2016 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-6069000
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
21286000
CY2016 us-gaap Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
3351042000
CY2016 us-gaap Payments For Participation Liabilities
PaymentsForParticipationLiabilities
136000000
CY2016 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
313704000
CY2016 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-10120000
CY2016 us-gaap Management Fee Description
ManagementFeeDescription
Manager is entitled to an incentive fee in an amount equal to the product of (i) 20% and (ii) the excess of (a) our Core Earnings (as defined in our Management Agreement) for the previous 12 month period over (b) an amount equal to 7.00% per annum multiplied by our outstanding Equity, provided that our Core Earnings over the prior three-year period is greater than zero. Core Earnings, as defined in our Management Agreement, is generally equal to our net income (loss) prepared in accordance with GAAP, excluding (i) certain non-cash items (ii) the net income (loss) related to our legacy portfolio and (iii) incentive management fees.
CY2016 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
3185933000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
238297000
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8143000
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
246636000
CY2016 us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
3151882000
CY2016 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
497974000
CY2016 us-gaap Management Fee Expense
ManagementFeeExpense
55959000
CY2016 us-gaap Operating Loss Carryforwards Expiration Date
OperatingLossCarryforwardsExpirationDate
2029-12-31
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
286000
CY2016 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3187000
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
196000
CY2016 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
232775000
CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-699597000
CY2016 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-9556000
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
27000
CY2016 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>1. ORGANIZATION</b></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" align="justify">References herein to &#x201C;Blackstone Mortgage Trust,&#x201D; &#x201C;Company,&#x201D; &#x201C;we,&#x201D; &#x201C;us&#x201D; or &#x201C;our&#x201D; refer to Blackstone Mortgage Trust,&#xA0;Inc. and its subsidiaries unless the context specifically requires otherwise.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" align="justify">Blackstone Mortgage Trust is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. We are externally managed by BXMT Advisors L.L.C., or our Manager, a subsidiary of The Blackstone Group L.P., or Blackstone, and are a real estate investment trust, or REIT, traded on the New York Stock Exchange, or NYSE, under the symbol &#x201C;BXMT.&#x201D; We are headquartered in New York City.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" align="justify">We conduct our operations as a REIT for U.S. federal income tax purposes. We generally will not be subject to U.S. federal income taxes on our taxable income to the extent that we annually distribute all of our net taxable income to stockholders and maintain our qualification as a REIT. We also operate our business in a manner that permits us to maintain an exclusion from registration under the Investment Company Act of 1940, as amended. We are organized as a holding company and conduct our business primarily through our various subsidiaries.</p> </div>
CY2016 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
236652000
CY2016 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-21070000
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Use of Estimates</b></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" align="justify">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may ultimately differ from those estimates.</p> </div>
CY2016 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
222996000
CY2016 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt" align="justify">The following table outlines the key terms of our revolving repurchase facilities as of December&#xA0;31, 2016:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" align="center" border="0"> <tr> <td width="20%"></td> <td valign="bottom" width="2%"></td> <td width="20%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; WIDTH: 24.9pt; BORDER-BOTTOM: #000000 1pt solid; MARGIN-TOP: 0pt"> <b>Lender</b></p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; WIDTH: 32.9pt; BORDER-BOTTOM: #000000 1pt solid; MARGIN-TOP: 0pt" align="center"><b>Currency</b></p> </td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Rate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(1)</sup></b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Guarantee<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(2)</sup></b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"> <b>Advance&#xA0;Rate<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(3)</sup></b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"><b>Margin Call<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(4)</sup></b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" nowrap="nowrap" align="center"> <b>Term/Maturity</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Wells Fargo</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">$</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">L+1.79</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">25</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">79.7</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right"> Collateral&#xA0;marks&#xA0;only</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> Term&#xA0;matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> MetLife</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">$</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">L+1.86</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">50</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">78.9</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">Collateral marks only</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> April&#xA0;22,&#xA0;2022<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(6)</sup></td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Bank of America</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">$</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">L+1.66</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">50</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">79.4</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">Collateral marks only</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> May&#xA0;21,&#xA0;2021<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(7)</sup></td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> JP Morgan</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">$/&#xA3;</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">L+1.83</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">50</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">78.3</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">Collateral marks only</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> January&#xA0;7,&#xA0;2019</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Citibank</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">$</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">L+1.82</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">25</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">77.8</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">Collateral marks only</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> Term&#xA0;matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Morgan Stanley</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">&#xA3;/&#x20AC;</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">L+2.29</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">25</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">79.1</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">Collateral marks only</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right">March&#xA0;1, 2019</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Soci&#xE9;t&#xE9; G&#xE9;n&#xE9;rale</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em" align="center">$/&#xA3;/&#x20AC;</p> </td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">L+1.75</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">25</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">80.0</td> <td valign="bottom" nowrap="nowrap">%&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">Collateral marks only</td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> Term&#xA0;matched<sup style="FONT-SIZE: 85%; VERTICAL-ALIGN: top">(5)</sup></td> <td valign="bottom" nowrap="nowrap">&#xA0;&#xA0;</td> </tr> </table> <p style="MARGIN-BOTTOM: 2pt; WIDTH: 10%; BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0pt; LINE-HEIGHT: 8pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(1)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Represents weighted-average cash coupon based on borrowings outstanding. In instances where our borrowings are denominated in currencies other than the U.S.&#xA0;Dollar, interest accrues at a rate equivalent to a margin plus a base rate other than <font style="WHITE-SPACE: nowrap">1-month</font> USD LIBOR, such as <font style="WHITE-SPACE: nowrap">3-month</font> GBP LIBOR, <font style="WHITE-SPACE: nowrap">3-month</font> EURIBOR, or <font style="WHITE-SPACE: nowrap">3-month</font> CDOR.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(2)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Other than amounts guaranteed based on specific collateral asset types, borrowings under our revolving repurchase facilities are <font style="WHITE-SPACE: nowrap">non-recourse</font> to us.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(3)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Represents weighted-average advance rate based on the outstanding principal balance of the collateral assets pledged.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(4)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Margin call provisions under our revolving repurchase facilities do not permit valuation adjustments based on capital markets events, and are limited to collateral-specific credit marks.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(5)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">These revolving repurchase facilities have various availability periods during which new advances can be made and which are generally subject to each lender&#x2019;s discretion. Maturity dates for advances outstanding are tied to the term of each respective collateral asset.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(6)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Includes five <font style="WHITE-SPACE: nowrap">one-year</font> extension options which may be exercised at our sole discretion.</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr> <td valign="top" width="4%" align="left">(7)</td> <td valign="top" align="left"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt" align="justify">Includes two <font style="WHITE-SPACE: nowrap">one-year</font> extension options which may be exercised at our sole discretion.</p> </td> </tr> </table> </div>
CY2016 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3534803000
CY2016 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
27000
CY2016 us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
<div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Revenue Recognition</b></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" align="justify">Interest income from our loans receivable portfolio is recognized over the life of each investment using the effective interest method and is recorded on the accrual basis. Recognition of fees, premiums, and discounts associated with these investments is deferred until the loan is advanced and is then recorded over the term of the loan as an adjustment to yield. Income accrual is generally suspended for loans at the earlier of the date at which payments become 90 days past due or when, in the opinion of our Manager, recovery of income and principal becomes doubtful. Income is then recorded on the basis of cash received until accrual is resumed when the loan becomes contractually current and performance is demonstrated to be resumed. In addition, for loans we originate, the related origination expenses are deferred and recognized as a component of interest income, however expenses related to loans we acquire are included in general and administrative expenses as incurred.</p> </div>
CY2016 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
8000
CY2016 dei Trading Symbol
TradingSymbol
BXMT
CY2016 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
1070 shares
CY2016 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1070 shares
CY2016 us-gaap Professional Fees
ProfessionalFees
3311000
CY2016 us-gaap Profit Loss
ProfitLoss
246440000
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
21899000
CY2016 us-gaap Restricted Stock Expense
RestrictedStockExpense
19052000
CY2016 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
836867 shares
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
94165351 shares
CY2016 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
107
CY2016 bxmt Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
58615000
CY2016 bxmt Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
375000
CY2016 bxmt Annual Distribution Of Net Taxable Income Percentage
AnnualDistributionOfNetTaxableIncomePercentage
0.90 pure
CY2016 bxmt Incentive Fee Computation Percent Of Average Outstanding Equity Per Annum
IncentiveFeeComputationPercentOfAverageOutstandingEquityPerAnnum
0.0700 pure
CY2016 bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
5458000
CY2016 bxmt Percentage Of Taxable Dividend
PercentageOfTaxableDividend
1.000 pure
CY2016 bxmt Net Taxable Income Subject To Distribution Percent
NetTaxableIncomeSubjectToDistributionPercent
1.00 pure
CY2016 bxmt Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
54441000
CY2016 bxmt Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
1 Loans
CY2016 bxmt Excise Tax Rate
ExciseTaxRate
0.04 pure
CY2016 bxmt Percentage Of Taxable As Capital Gain Dividends
PercentageOfTaxableAsCapitalGainDividends
0.0723 pure
CY2016 bxmt Other Comprehensive Income Realized And Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeRealizedAndUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
26242000
CY2016 bxmt Commitments Expiration Period
CommitmentsExpirationPeriod
P4Y
CY2016 bxmt Debt Instrument Covenant Minimum Percentage Of Tangible Net Worth On Net Cash Proceed Of Equity Issuances
DebtInstrumentCovenantMinimumPercentageOfTangibleNetWorthOnNetCashProceedOfEquityIssuances
0.75 pure
CY2016 bxmt Plan Adoption Date
PlanAdoptionDate
2014-03-25
CY2016 bxmt Computed Management Fee Percent Of Average Outstanding Equity Balance
ComputedManagementFeePercentOfAverageOutstandingEquityBalance
0.0150 pure
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.67
CY2015Q2 us-gaap Profit Loss
ProfitLoss
32417000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
63081000
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.61
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
57047000
CY2015Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
39246000
CY2016 bxmt Loans Originated Acquired And Funded During Period
LoansOriginatedAcquiredAndFundedDuringPeriod
3151882000
CY2016 bxmt Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
670000
CY2016 bxmt Expected Loss On Investment
ExpectedLossOnInvestment
0
CY2015Q1 us-gaap Profit Loss
ProfitLoss
46093000
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.36
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
29284000
CY2015Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
49847000
CY2016 bxmt Deferred Origination Fees And Expenses
DeferredOriginationFeesAndExpenses
44697000
CY2016 bxmt Percentage Of Taxable As Ordinary Dividend
PercentageOfTaxableAsOrdinaryDividend
0.9277 pure
CY2016 bxmt Unrealized Foreign Currency Loss On Mortgage Loans
UnrealizedForeignCurrencyLossOnMortgageLoans
156937000
CY2016 bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
22089000
CY2016 bxmt Incentive Fee Computation Percent Of Product Per Agreement
IncentiveFeeComputationPercentOfProductPerAgreement
0.20 pure
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
81406000
CY2016 bxmt Number Of Equal Quarterly Installments
NumberOfEqualQuarterlyInstallments
4 Installments
CY2016 bxmt Participations Sold Loan Weighted Average Term
ParticipationsSoldLoanWeightedAverageTerm
2019-12
CY2016 bxmt Loan Participation Sold Repaid Net
LoanParticipationSoldRepaidNet
-81559000
CY2016 bxmt Amortization Of Deferred Loan Origination Fee Net
AmortizationOfDeferredLoanOriginationFeeNet
40345000
CY2016 bxmt Proceeds From Derivative Instruments In Investing Activities
ProceedsFromDerivativeInstrumentsInInvestingActivities
41573000
CY2016 bxmt Payments For Derivative Instruments In Investing Activities
PaymentsForDerivativeInstrumentsInInvestingActivities
14730000
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.60
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
35393000
CY2016Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
77644000
CY2016Q1 us-gaap Profit Loss
ProfitLoss
57199000
CY2016Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
71837000
CY2016Q4 us-gaap Profit Loss
ProfitLoss
53399000
CY2016Q3 us-gaap Profit Loss
ProfitLoss
66392000
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.70
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
65264000
CY2015Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
82094000
CY2015Q4 us-gaap Profit Loss
ProfitLoss
65597000
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.57
CY2015Q3 us-gaap Profit Loss
ProfitLoss
67778000
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.69
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
64794000
CY2016Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
82817000
CY2016Q2 us-gaap Profit Loss
ProfitLoss
69450000
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.72
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
66888000
CY2015Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
87032000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
53375000

Files In Submission

Name View Source Status
0001193125-17-043457-index-headers.html Edgar Link pending
0001193125-17-043457-index.html Edgar Link pending
0001193125-17-043457.txt Edgar Link pending
0001193125-17-043457-xbrl.zip Edgar Link pending
bxmt-20161231.xml Edgar Link completed
bxmt-20161231.xsd Edgar Link pending
bxmt-20161231_cal.xml Edgar Link unprocessable
bxmt-20161231_def.xml Edgar Link unprocessable
bxmt-20161231_lab.xml Edgar Link unprocessable
bxmt-20161231_pre.xml Edgar Link unprocessable
d307635d10k.htm Edgar Link pending
d307635dex1018.htm Edgar Link pending
d307635dex1020.htm Edgar Link pending
d307635dex211.htm Edgar Link pending
d307635dex231.htm Edgar Link pending
d307635dex311.htm Edgar Link pending
d307635dex312.htm Edgar Link pending
d307635dex321.htm Edgar Link pending
d307635dex322.htm Edgar Link pending
d307635dex991.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
g307635g26q03.jpg Edgar Link pending
g307635g36e06.jpg Edgar Link pending
g307635g92n98.jpg Edgar Link pending
g307635g93w79.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending