2017 Q3 Form 10-Q Financial Statement

#000119312517235017 Filed on July 25, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2017 Q2 2016 Q2
Revenue $146.4M $126.8M $130.5M
YoY Change 14.24% -2.79% 62.11%
Cost Of Revenue $67.90M $54.40M $49.10M
YoY Change 49.56% 10.79% 60.46%
Gross Profit $78.60M $72.50M $81.40M
YoY Change -5.07% -10.93% 63.45%
Gross Profit Margin 53.67% 57.17% 62.39%
Selling, General & Admin $20.70M $21.80M $22.60M
YoY Change -1.9% -3.54% -4.64%
% of Gross Profit 26.34% 30.07% 27.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $20.70M $21.70M $22.60M
YoY Change -1.9% -3.98% -5.04%
Operating Profit $57.90M $50.80M $58.80M
YoY Change -6.16% -13.61% 126.15%
Interest Expense $67.89M $54.35M $49.07M
YoY Change 49.63% 10.78% 60.17%
% of Operating Profit 117.26% 106.99% 83.44%
Other Income/Expense, Net
YoY Change
Pretax Income $57.89M $50.71M $69.30M
YoY Change -13.06% -26.83% 113.07%
Income Tax $83.00K $94.00K -$154.0K
% Of Pretax Income 0.14% 0.19% -0.22%
Net Earnings $57.72M $50.61M $63.08M
YoY Change -10.91% -19.77% 115.41%
Net Earnings / Revenue 39.42% 39.91% 48.35%
Basic Earnings Per Share
Diluted Earnings Per Share $607.4K $532.6K $670.6K
COMMON SHARES
Basic Shares Outstanding 94.83M shares 94.83M shares 93.91M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.00M $34.00M $182.0M
YoY Change -35.11% -81.32% 75.0%
Cash & Equivalents $61.22M $33.52M $181.8M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $61.00M $34.00M $182.0M
YoY Change -35.11% -81.32% 75.0%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.806M
YoY Change -59.91%
Other Assets $33.00M $34.00M $0.00
YoY Change 3200.0% -100.0%
Total Long-Term Assets $9.716B $9.685B $9.306B
YoY Change 15.43% 4.07% -10.19%
TOTAL ASSETS
Total Short-Term Assets $61.00M $34.00M $182.0M
Total Long-Term Assets $9.716B $9.685B $9.306B
Total Assets $9.777B $9.719B $9.488B
YoY Change 14.87% 2.43% -9.34%
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 -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $7.149B $7.096B $6.786B
YoY Change 21.25% 4.57% 749.31%
Other Long-Term Liabilities $102.0M $117.0M $193.0M
YoY Change -7.27% -39.38% 132.53%
Total Long-Term Liabilities $7.251B $7.213B $6.979B
YoY Change 20.73% 3.35% 691.27%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $7.251B $7.213B $6.979B
Total Liabilities $7.251B $7.213B $6.979B
YoY Change 20.73% 3.34% -12.44%
SHAREHOLDERS EQUITY
Retained Earnings -$558.1M -$556.9M -$542.3M
YoY Change 4.15% 2.69% -3.49%
Common Stock $3.110B $3.104B $3.080B
YoY Change 0.78% 0.78% 0.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.520B $2.506B $2.496B
YoY Change
Total Liabilities & Shareholders Equity $9.777B $9.719B $9.488B
YoY Change 14.87% 2.43% -9.34%

Cashflow Statement

Concept 2017 Q3 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $57.72M $50.61M $63.08M
YoY Change -10.91% -19.77% 115.41%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $65.70M $53.40M $57.50M
YoY Change 2.18% -7.13% -321.15%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $26.30M -$221.5M $89.50M
YoY Change -96.89% -347.49% -101.73%
Cash From Investing Activities $26.30M -$221.5M $89.50M
YoY Change -96.89% -347.49% -101.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -67.10M 169.0M -83.60M
YoY Change -93.28% -302.15% -101.59%
NET CHANGE
Cash From Operating Activities 65.70M 53.40M 57.50M
Cash From Investing Activities 26.30M -221.5M 89.50M
Cash From Financing Activities -67.10M 169.0M -83.60M
Net Change In Cash 24.90M 900.0K 63.40M
YoY Change -128.49% -98.58% -24.79%
FREE CASH FLOW
Cash From Operating Activities $65.70M $53.40M $57.50M
Capital Expenditures
Free Cash Flow
YoY Change

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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.07
us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2017-06-13
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
dei Document Type
DocumentType
10-Q
us-gaap Dividends Common Stock
DividendsCommonStock
117580000
dei Document Period End Date
DocumentPeriodEndDate
2017-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0001061630
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14800000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
102201000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
141000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1255000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
5492000
us-gaap Net Income Loss
NetIncomeLoss
102018000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
183000
us-gaap Interest Expense
InterestExpense
101026000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
245341000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
144315000
us-gaap Interest Paid
InterestPaid
88519000
us-gaap Management Fee Expense
ManagementFeeExpense
27314000
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.
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"> 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"> 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"> 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>
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-346027000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
110813000
us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
102
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
224167000
us-gaap Noninterest Expense
NoninterestExpense
42114000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
15694000
us-gaap Operating Loss Carryforwards Expiration Date
OperatingLossCarryforwardsExpirationDate
2029-12-31
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
27815000
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
122000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
9800000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
117402000
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
1464994000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
16000
us-gaap Proceeds From Loan Originations1
ProceedsFromLoanOriginations1
25228000
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
280473000
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
1097022000
us-gaap Profit Loss
ProfitLoss
102018000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1744766000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
0
us-gaap Professional Fees
ProfessionalFees
1878000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1673886000
us-gaap Restricted Stock Expense
RestrictedStockExpense
11678000
us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>Revenue Recognition</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> 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>
us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 12pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" align="justify">The following tables outline the key terms of our credit facilities as of June&#xA0;30, 2017:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td width="28%"></td> <td valign="bottom" width="8%"></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> <td valign="bottom" width="8%"></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; WIDTH: 24.9pt; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt"> <b>Lender</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" align="center"><b>Currency</b></td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" nowrap="nowrap" align="center"><b>Guarantee<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></b></td> <td valign="bottom">&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" align="center"><b>Margin&#xA0;Call<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></b></td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" align="center"><b>Term/Maturity</b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Wells Fargo</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center"> Collateral&#xA0;marks&#xA0;only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> Term&#xA0;matched<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(3)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> MetLife</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">50%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> April&#xA0;21,&#xA0;2023<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(4)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Bank of America</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">50%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> May&#xA0;21,&#xA0;2021<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(5)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Soci&#xE9;t&#xE9; G&#xE9;n&#xE9;rale</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> $&#xA0;/&#xA0;&#xA3;&#xA0;/&#xA0;&#x20AC;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> Term&#xA0;matched<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(3)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Deutsche Bank</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> Term&#xA0;matched<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(3)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Citibank</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> $&#xA0;/&#xA0;&#xA3;&#xA0;/&#xA0;&#x20AC;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> Term&#xA0;matched<sup style="FONT-SIZE: 11px; VERTICAL-ALIGN: top">(3)</sup></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Morgan Stanley</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center"> $&#xA0;/&#xA0;&#xA3;&#xA0;/&#xA0;&#x20AC;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">25%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center">March 3, 2020</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> JP Morgan</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" align="center">$&#xA0;/&#xA0;&#xA3;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="center">50%</td> <td valign="bottom">&#xA0;</td> <td valign="top" align="center">Collateral marks only</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="top" nowrap="nowrap" align="center"> January&#xA0;7,&#xA0;2020</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top" colspan="9"> <p style="MARGIN-BOTTOM: 2pt; WIDTH: 127px; BORDER-BOTTOM: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt; LINE-HEIGHT: 8pt"> &#xA0;</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td></td> <td valign="bottom" width="1%"></td> <td width="95%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(1)&#xA0;&#xA0;</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Other than amounts guaranteed based on specific collateral asset types, borrowings under our credit facilities are non-recourse to us.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(2)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Margin call provisions under our credit facilities do not permit valuation adjustments based on capital markets events, and are limited to collateral-specific credit marks.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(3)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">These credit 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> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(4)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Includes five one-year extension options which may be exercised at our sole discretion.</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(5)</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Includes two one-year extension options which may be exercised at our sole discretion.</p> </td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 0pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="4%"></td> <td width="38%"></td> <td valign="bottom" width="4%"></td> <td width="9%"></td> <td valign="bottom" width="4%"></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; WIDTH: 32.9pt; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt"> <b>Currency</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Outstanding</b><br /> <b>Borrowings</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" colspan="2" align="center"><b>Potential</b><br /> <b>Borrowings<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(1)</sup></b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; WIDTH: 99.55pt; BORDER-BOTTOM: rgb(0,0,0) 1pt solid; MARGIN-TOP: 0pt" align="center"> <b>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0; &#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Index&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" align="center"> <p style="MARGIN-BOTTOM: 1pt; FONT-SIZE: 8pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="center"><b>Rate<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(2)</sup></b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: rgb(0,0,0) 1pt solid" valign="bottom" align="center"><b>Advance</b><br /> <b>Rate<sup style="FONT-SIZE: 9px; VERTICAL-ALIGN: top">(3)</sup></b></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top" nowrap="nowrap" align="center">$</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$&#xA0;&#xA0;3,684,398</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$&#xA0;&#xA0;4,103,296</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center"><font style="WHITE-SPACE: nowrap">1-month&#xA0;USD&#xA0;LIBOR</font></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">L+1.88%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">78.8%</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top" nowrap="nowrap" align="center">&#x20AC;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x20AC;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right"> &#x20AC;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;38,227</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">3-month EURIBOR</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">n/a</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">77.8%</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid" bgcolor="#CCEEFF"> <td valign="top" align="center">&#xA3;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right"> &#xA3;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;253,500</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right"> &#xA3;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;273,451</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">3-month GBP LIBOR</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">L+2.15%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">79.0%</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt"> &#xA0;</p> </td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$&#xA0;&#xA0;4,014,582</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">&#xA0;</td> <td valign="bottom" align="right">$&#xA0;&#xA0;4,501,956</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">L+1.90%</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" align="center">78.8%</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top" colspan="15" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 2pt; WIDTH: 110px; BORDER-BOTTOM: rgb(0,0,0) 1px solid; MARGIN-TOP: 0pt; LINE-HEIGHT: 8pt"> &#xA0;</p> </td> </tr> </table> <table style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WORD-SPACING: 0px; BORDER-COLLAPSE: collapse; TEXT-TRANSFORM: none; ORPHANS: 2; WIDOWS: 2; LETTER-SPACING: normal; TEXT-INDENT: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" cellspacing="0" cellpadding="0" width="68%" align="center" border="0"> <tr> <td></td> <td valign="bottom" width="1%"></td> <td width="95%"></td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; break-inside: avoid"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">(1)&#xA0;&#xA0;</p> </td> <td valign="bottom">&#xA0;</td> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; MARGIN-TOP: 0pt" align="justify">Potential borrowings represents the total amount we could draw under each facility based on collateral already approved and pledged. 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ShareBasedCompensation
11866000
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StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
286773 shares
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StockIssuedDuringPeriodValueDividendReinvestmentPlan
16000
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments
StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments
856000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3000
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
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us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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dei Trading Symbol
TradingSymbol
BXMT
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
94999664 shares
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 18pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial"> <b>Use of Estimates</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: &quot;Times New Roman&quot;; WHITE-SPACE: normal; WORD-SPACING: 0px; TEXT-TRANSFORM: none; FONT-WEIGHT: normal; COLOR: rgb(0,0,0); FONT-STYLE: normal; ORPHANS: 2; WIDOWS: 2; MARGIN-TOP: 6pt; LETTER-SPACING: normal; TEXT-INDENT: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial" 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>
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2812000
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188000
bxmt General And Administrative Operating And Other Costs
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934000
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ProceedsFromDerivativeInstrumentsInInvestingActivities
6115000
bxmt Payments For Derivative Instruments In Investing Activities
PaymentsForDerivativeInstrumentsInInvestingActivities
9398000
bxmt Loan Principal Payments Held By Servicer
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5082000
bxmt Expected Loss On Investment
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0
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58793000
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-12121000
bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
11866000
bxmt Plan Adoption Date
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2014-03-25
bxmt Number Of Equal Quarterly Installments
NumberOfEqualQuarterlyInstallments
4 Installments
bxmt Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
1 Loans
bxmt Commitments Expiration Period
CommitmentsExpirationPeriod
P4Y
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ParticipationsSoldLoanWeightedAverageTerm
2019-12
us-gaap Gain Loss On Investments
GainLossOnInvestments
10589000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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74913000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13576000
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126736000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
204000
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IncreaseDecreaseInOtherOperatingAssets
-4248000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3424000
us-gaap Payments For Participation Liabilities
PaymentsForParticipationLiabilities
92000000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
116323000
bxmt Debt Instrument Revolving Repurchase Facilities Advance Rate
DebtInstrumentRevolvingRepurchaseFacilitiesAdvanceRate
0.788 pure
bxmt Incentive Fee Computation Percent Of Average Outstanding Equity Per Annum
IncentiveFeeComputationPercentOfAverageOutstandingEquityPerAnnum
0.0700 pure
bxmt Annual Distribution Of Net Taxable Income Percentage
AnnualDistributionOfNetTaxableIncomePercentage
0.90 pure
bxmt Computed Management Fee Percent Of Average Outstanding Equity Balance
ComputedManagementFeePercentOfAverageOutstandingEquityBalance
0.0150 pure
bxmt Net Taxable Income Subject To Distribution Percent
NetTaxableIncomeSubjectToDistributionPercent
1.00 pure
bxmt Excise Tax Rate
ExciseTaxRate
0.04 pure
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0.75 pure
bxmt Incentive Fee Computation Percent Of Product Per Agreement
IncentiveFeeComputationPercentOfProductPerAgreement
0.20 pure
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500000000
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6521000
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1.24
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110743000
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1401871000
us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
13240000
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-474620000
bxmt Securitized Debt Obligation Number Of Loans
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1 Loans
us-gaap Proceeds From Issuance Of Common Stock
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13000
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133000
us-gaap Income Tax Expense Benefit
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87000
bxmt Securitized Debt Obligations Term
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2033-06
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us-gaap Interest Paid
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37000
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20360000
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9752000
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9335000
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29460000
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6987000
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21613000
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117264000
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116452000
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6837000
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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120128000
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6521000
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OtherGeneralAndAdministrativeExpense
92000
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12624000
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5463000
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62462000
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-457000
CY2017Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.53
us-gaap Proceeds From Sale And Collection Of Loans Receivable
ProceedsFromSaleAndCollectionOfLoansReceivable
1323770000
us-gaap Profit Loss
ProfitLoss
126649000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1508171000
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-6987000
us-gaap Proceeds From Derivative Instrument Financing Activities
ProceedsFromDerivativeInstrumentFinancingActivities
11478000
us-gaap Professional Fees
ProfessionalFees
1644000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1328131000
us-gaap Restricted Stock Expense
RestrictedStockExpense
9335000
us-gaap Share Based Compensation
ShareBasedCompensation
10315000
us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
209798 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
13000
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2000
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StockIssuedDuringPeriodSharesDividendReinvestmentPlan
550 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
550 shares
CY2017Q2 us-gaap Dividends Common Stock
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58793000
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7373000
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50707000
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
94000
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InterestExpense
54352000
CY2017Q2 us-gaap Interest And Dividend Income Operating
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126825000
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InterestIncomeExpenseNet
72473000
CY2017Q2 us-gaap Management Fee Expense
ManagementFeeExpense
14393000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
50613000
CY2017Q2 us-gaap Noninterest Expense
NoninterestExpense
21766000
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OtherComprehensiveIncomeLossNetOfTax
11849000
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
20045000
CY2017Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
63000
CY2017Q2 us-gaap Profit Loss
ProfitLoss
50613000
CY2017Q2 us-gaap Professional Fees
ProfessionalFees
862000
CY2017Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
5865000
CY2017Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
273 shares
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
95005873 shares
CY2017Q2 bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
1351000
CY2017Q2 bxmt General And Administrative Operating And Other Costs
GeneralAndAdministrativeOperatingAndOtherCosts
489000
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
94066096 shares
bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
3035000
bxmt Adjustments To Additional Paid In Capital Deferred Compensation
AdjustmentsToAdditionalPaidInCapitalDeferredCompensation
188000
bxmt Loan Participation Sold Repaid Net
LoanParticipationSoldRepaidNet
-37559000
bxmt General And Administrative Operating And Other Costs
GeneralAndAdministrativeOperatingAndOtherCosts
1391000
bxmt Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
35947000
CY2017Q2 bxmt Other Comprehensive Income Realized And Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeRealizedAndUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-8196000
CY2017Q2 bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
5959000
CY2017Q2 bxmt Interest Expense Secured Debt
InterestExpenseSecuredDebt
37000
bxmt Dividends Declared And Not Paid
DividendsDeclaredAndNotPaid
58382000
bxmt Other Comprehensive Income Realized And Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeRealizedAndUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
5958000
bxmt Proceeds From Sale Of Loan Participation
ProceedsFromSaleOfLoanParticipation
54441000
bxmt Non Cash And Legacy Compensation Expenses
NonCashAndLegacyCompensationExpenses
10449000
CY2013Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
25875000 shares
CY2016 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
107
CY2016 bxmt Number Of Loan Participations Sold
NumberOfLoanParticipationsSold
1 Loans
CY2016 bxmt Participations Sold Loan Weighted Average Term
ParticipationsSoldLoanWeightedAverageTerm
2019-12
CY2016Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6369000
CY2016Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.62
CY2016Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
54384000
CY2016Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
60753000
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.67
CY2016Q2 us-gaap Dividends Common Stock
DividendsCommonStock
58226000
CY2016Q2 us-gaap Gain Loss On Investments
GainLossOnInvestments
10524000
CY2016Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6781000
CY2016Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
69296000
CY2016Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-6000
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-154000
CY2016Q2 us-gaap Interest Expense
InterestExpense
49065000
CY2016Q2 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
130471000
CY2016Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
81406000
CY2016Q2 us-gaap Management Fee Expense
ManagementFeeExpense
15847000
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
63081000
CY2016Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6369000
CY2016Q2 us-gaap Noninterest Expense
NoninterestExpense
22628000
CY2016Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-8697000
CY2016Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-21321000
CY2016Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
41000
CY2016Q2 us-gaap Profit Loss
ProfitLoss
69450000
CY2016Q2 us-gaap Professional Fees
ProfessionalFees
756000
CY2016Q2 us-gaap Restricted Stock Expense
RestrictedStockExpense
4742000
CY2016Q2 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
265 shares
CY2016Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
94064423 shares
CY2016Q2 bxmt Core General And Administrative Expenses
CoreGeneralAndAdministrativeExpenses
1277000
CY2016Q2 bxmt General And Administrative Operating And Other Costs
GeneralAndAdministrativeOperatingAndOtherCosts
521000

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