Mortgage Trust Blackstone Mortgage Trust Reports Third Quarter 2020 Results New York, October 29, 2020: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its third quarter 2020 results. Stephen D. Plavin, Chief Executive Officer, said, "BXMT's strong third-quarter results reflect the earnings power and credit performance of our loan portfolio, as well as the benefits of a focused strategy of senior lending backed by top-quality properties with well-capitalized, institutional borrowers." Blackstone ...

[PART I. FINANCIAL INFORMATION](index=2&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This section provides detailed financial statements, management's discussion and analysis, and disclosures on market risks and internal controls [ITEM 1. FINANCIAL STATEMENTS](index=3&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) This section presents unaudited consolidated financial statements, including balance sheets, income statements, and cash flows, highlighting key financial positions and performance Consolidated Balance Sheet Highlights (in thousands) | Account | September 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | **Total Assets** | **$16,876,804** | **$16,551,871** | | Loans receivable, net | $16,291,677 | $16,164,801 | | Cash and cash equivalents | $427,028 | $150,090 | | **Total Liabilities** | **$12,972,852** | **$12,767,190** | | Secured debt agreements, net | $8,973,810 | $10,054,930 | | **Total Equity** | **$3,903,952** | **$3,784,681** | Consolidated Statement of Operations Highlights (in thousands, except per share data) | Metric | Three Months Ended Sep 30, 2020 | Three Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2020 | Nine Months Ended Sep 30, 2019 | | :--- | :--- | :--- | :--- | :--- | | Income from loans and other investments, net | $114,961 | $101,916 | $322,727 | $314,465 | | Net income attributable to Blackstone Mortgage Trust | $89,860 | $74,897 | $54,054 | $226,635 | | Net income per share (diluted) | $0.61 | $0.56 | $0.39 | $1.76 | - The company adopted the new accounting standard ASU 2016-13 (CECL) on January 1, 2020, resulting in a **$17.7 million** cumulative-effect adjustment to retained earnings[91](index=91&type=chunk)[55](index=55&type=chunk) [Note 3. Loans Receivable, Net](index=20&type=section&id=Note%203.%20LOANS%20RECEIVABLE%2C%20NET) The loan portfolio, totaling **$16.6 billion** in principal, saw its weighted-average risk rating increase to 3.0 due to COVID-19, with a **$177.0 million** CECL reserve Loan Portfolio Statistics | Metric | September 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | Number of loans | 123 | 128 | | Principal balance | $16.6 billion | $16.3 billion | | Net book value | $16.3 billion | $16.2 billion | | Unfunded loan commitments | $3.3 billion | $3.9 billion | | Weighted-average all-in yield | L + 3.53% | L + 3.55% | - The loan portfolio is primarily concentrated in Office (**60%**), Hospitality (**13%**), and Multifamily (**11%**) properties, with **70%** located in the United States[99](index=99&type=chunk)[101](index=101&type=chunk) - The weighted-average risk rating increased to **3.0** from **2.8** due to **$3.2 billion** in downgraded loans, reflecting higher risk from the COVID-19 pandemic[107](index=107&type=chunk) - The total CECL reserve for loans receivable was **$177.0 million**, including specific reserves for two troubled debt restructurings placed on non-accrual status[110](index=110&type=chunk)[111](index=111&type=chunk)[112](index=112&type=chunk) [Note 5. Secured Debt Agreements, Net](index=28&type=section&id=Note%205.%20SECURED%20DEBT%20AGREEMENTS%2C%20NET) Secured debt decreased to **$9.0 billion** as of September 30, 2020, with amendments made to credit facilities in Q2 2020 to suspend credit mark provisions Secured Debt Balances (in thousands) | Debt Type | September 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | Secured credit facilities | $8,651,313 | $9,753,059 | | Asset-specific financings | $348,964 | $330,879 | | **Total secured debt** | **$9,000,277** | **$10,083,938** | - In Q2 2020, agreements with seven lenders for **$7.9 billion** in secured credit facilities were amended to temporarily suspend credit mark provisions in exchange for repayments and additional collateral[128](index=128&type=chunk) [Note 10. Equity](index=40&type=section&id=Note%2010.%20EQUITY) The company issued **10.8 million** shares of class A common stock, raising **$297.6 million** in net proceeds, and declared consistent dividends of **$0.62** per share for Q3 - In June 2020, the company completed a public offering of **10,000,000** shares of class A common stock, generating **$278.3 million** in net proceeds[179](index=179&type=chunk) Dividends Declared Per Share | Period | 2020 | 2019 | | :--- | :--- | :--- | | **Three Months Ended Sep 30** | $0.62 | $0.62 | | **Nine Months Ended Sep 30** | $1.86 | $1.86 | [ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=49&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses the COVID-19 pandemic's impact, highlighting **99%** Q3 interest collection, **$0.62** dividend, **$0.63** Core Earnings per share, and a **$191.2 million** CECL reserve - The COVID-19 pandemic has significantly disrupted industries underlying loan collateral, prompting active engagement with borrowers and lenders[253](index=253&type=chunk)[256](index=256&type=chunk) Key Financial Indicators (Q3 2020) | Indicator | Value | | :--- | :--- | | Earnings Per Share | $0.61 | | Dividends Declared | $0.62 | | Core Earnings Per Share | $0.63 | | Book Value Per Share | $26.51 | - The company collected **99%** of Q3 2020 contractual interest payments and executed **11** loan modifications in Q3 (**$1.7 billion** principal) and **13** in Q2 (**$2.4 billion** principal) to address pandemic pressures[272](index=272&type=chunk)[273](index=273&type=chunk) - The total Current Expected Credit Loss (CECL) reserve reached **$191.2 million** as of September 30, 2020, reflecting a **$173.5 million** increase due to the COVID-19 pandemic's macroeconomic impact[283](index=283&type=chunk) Leverage Ratios | Ratio | September 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | Debt-to-equity ratio | 2.6x | 3.0x | | Total leverage ratio | 3.6x | 3.7x | [ITEM 3. Quantitative and Qualitative Disclosures About Market Risk](index=74&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company's primary market risk is interest rate risk, with **98%** floating-rate investments, followed by heightened credit risk due to COVID-19, and mitigated currency risk - The company's net income is positively correlated with rising interest rates, as **98%** of investments are floating-rate, with a **50 basis point** rate increase decreasing net interest income by **$19.6 million** annually[346](index=346&type=chunk)[349](index=349&type=chunk) - Credit risk increased due to the COVID-19 pandemic, managed through active asset management and loan modifications, with a low weighted-average LTV of **63.6%** providing an equity cushion[355](index=355&type=chunk)[356](index=356&type=chunk) - Currency risk is actively managed by matching foreign asset and borrowing currencies and using forward contracts to hedge net exposure to major currencies[364](index=364&type=chunk)[366](index=366&type=chunk) [ITEM 4. Controls and Procedures](index=78&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that disclosure controls and procedures were effective as of September 30, 2020, with no material changes to internal control over financial reporting - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the report period end[367](index=367&type=chunk) - No material changes in internal control over financial reporting occurred during the quarter[369](index=369&type=chunk) [PART II. OTHER INFORMATION](index=79&type=section&id=PART%20II.%20OTHER%20INFORMATION) This section covers legal proceedings, risk factors, and other standard disclosures, confirming no material changes or significant events [ITEM 1. Legal Proceedings](index=80&type=section&id=ITEM%201.%20Legal%20Proceedings) The company reported no material legal proceedings as of September 30, 2020 - The company reports no material legal proceedings as of September 30, 2020[371](index=371&type=chunk) [ITEM 1A. Risk Factors](index=80&type=section&id=ITEM%201A.%20Risk%20Factors) No material changes to previously disclosed risk factors from the 2019 Form 10-K and Q1 2020 Form 10-Q were reported - No material changes to previously disclosed risk factors from the 2019 Form 10-K and Q1 2020 Form 10-Q were reported[372](index=372&type=chunk) [Other Items (Items 2-6)](index=80&type=section&id=ITEMS%202-6) This section covers standard disclosures, reporting no unregistered equity sales, no defaults on senior securities, and no other material information - The company reported no activity under Item 2 (Unregistered Sales of Equity Securities), Item 3 (Defaults Upon Senior Securities), or Item 5 (Other Information)[373](index=373&type=chunk)[374](index=374&type=chunk)[376](index=376&type=chunk)

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q2 2020 Earnings Conference Call July 29, 2020 9:00 AM ET Company Participants Weston Tucker – Head-Investor Relations Steve Plavin – Chief Executive Officer Tony Marone – Chief Financial Officer Doug Armer – Executive Vice President-Capital Markets Conference Call Participants Don Fandetti – Wells Fargo Doug Harter – Credit Suisse Steve Delaney – JMP Securities Jade Rahmani – KBW Charlie Arestia – JPMorgan Stephen Laws – Raymond James George Bahamondes – Deutsche ...

Mortgage Trust Blackstone Mortgage Trust Reports Second Quarter 2020 Results New York, July 29, 2020: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) today reported its second quarter 2020 results. Stephen D. Plavin, Chief Executive Officer, said, "BXMT's key advantages—our $18 billion senior mortgage loan portfolio, well- capitalized balance sheet and market-leading real estate platform—all contributed to our strong second quarter performance. We again collected 100% of borrower interest while raising $607 mil ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-14788 Blackstone Mortgage Trust, Inc. (Exact name of Registrant as specified in its charter) Maryland 94-61811 ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q1 2020 Earnings Conference Call April 29, 2020 10:00 AM ET Company Participants Weston Tucker - Head of Investor Relations Stephen Plavin - Chief Executive Officer Anthony Marone - Chief Financial Officer, Principal Accounting Officer and Assistant Secretary Katharine Keenan - President Douglas Armer - Executive Vice President of Capital Markets and Treasurer Conference Call Participants Richard Shane - JPMorgan Chase & Co. Steven Delaney - JMP Securities LLC Dou ...

Blackstone Mortgage Trust, Inc. First Quarter 2020 Results April 28, 2020 BXMT Highlights 63% BXMT benefits from the deep experience of Blackstone Real Estate, which is the largest real estate private equity manager in the world with a proven track record of safeguarding investments through market cycles over 28 years BXMT is taking a proactive and prudent approach during this period of COVID-19 uncertainty to fortify its balance sheet and enhance its strong liquidity position to navigate through the possib ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 001-14788 Blackstone Mortgage Trust, Inc. (Exact name of Registrant as specified in its charter) Maryland 94-6181 ...

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q4 2019 Earnings Conference Call February 12, 2020 10:00 AM ET Company Representatives Steve Plavin - Chief Executive Officer Tony Marone - Chief Financial Officer Doug Armer - Executive Vice President Capital Markets - Katie Keenan, Executive Vice President, Investments Weston Tucker - Head of Investor Relations Conference Call Participants Rick Shane - JP Morgan Doug Harter - Credit Suisse Steve Delaney - JMP Securities Arren Cyganovich - Citi Jade Rahmani - KBW ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-14788 Blackstone Mortgage Trust, Inc. (Exact name of Registrant as specified in its charter) Maryland 94-6181186 (State or other ju ...