Blackstone Mortgage Trust, Inc. Second Quarter 2025 Results JULY 30, 2025 Blackstone Mortgage Trust, Inc. Blackstone Mortgage Trust, Inc. BXMT HIGHLIGHTS Investment Activity Actively deploying capital into compelling opportunities $2.6B loan originations and acquisitions(a) Credit Performance Continued momentum in loan repayments and resolutions $1.6B Balance Sheet Strength Robust liquidity and proactive liability management $1.1B quarter-end liquidity >9% avg. levered spread over base rates(b)(c) $0.2B res ...