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Blackstone Mortgage Trust, Inc. key statistics and ratios

In fiscal 2023, Blackstone Mortgage Trust, Inc. had return on equity of 5.5% and a net margin of 18.3%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112022Dec 20222023Dec 2023LTMJun 2024
Net margin<−999%−372.4%731.2%19.8%18.3%−13.3%
Return on equity———11.3%5.5%−3.8%
Return on assets—−4.5%9.4%1.9%1.0%−0.7%
Effective tax rate——0.6%1.2%2.1%—
Dividends ÷ net income———169.5%173.2%—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

55 /100

Moderate moat

How hard Blackstone Mortgage Trust's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 16 / 20

    Net income has been a median 1.3% of total assets over 10 years.

  • Durability 10 / 20

    Net margin has been a median 73.9%; its worst year was -13.3%.

  • Discipline 7 / 20

    The diluted share count rose 14.1% over five years; stock-based pay has been a median 5.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

More: Mortgage REITs stocks compared, Financials sector, rankings of US companies

Figures from Blackstone Mortgage Trust, Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Blackstone Mortgage Trust, Inc.