Blackstone Mortgage Trust (FRA:079A) Debt-to-Equity: 4.85 (As of Jun. 2026) — 31% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:079A Blackstone Mortgage Trust Inc FRA:079A
50 GF Score
Price €12.08
GF Value €16.58
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Blackstone Mortgage Trust Debt-to-Equity?

Blackstone Mortgage Trust FRA:079A -0.33% 50 Debt-to-Equity is 4.85 as of Jun. 2026, which is 31% above its 10-year median of 3.69. GuruFocus rates FRA:079A with a GF Score™ of 50/100 and a GF Value™ of €16.58 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 684 REITs companies, Blackstone Mortgage Trust ranks worse than 96.49% on this metric.

Blackstone Mortgage Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €7,559.4 Mil. Blackstone Mortgage Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €6,168.0 Mil. Blackstone Mortgage Trust's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €2,831.0 Mil. Blackstone Mortgage Trust's debt to equity for the quarter that ended in Jun. 2026 was 4.85.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Blackstone Mortgage Trust's Debt-to-Equity or its related term are showing as below:

FRA:079A' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.36   Med: 3.69   Max: 4.85
Current: 4.85

During the past 13 years, the highest Debt-to-Equity Ratio of Blackstone Mortgage Trust was 4.85. The lowest was 2.36. And the median was 3.69.

FRA:079A's Debt-to-Equity is ranked worse than
96.49% of 684 companies
in the REITs industry
Industry Median: 0.78 vs FRA:079A: 4.85

Blackstone Mortgage Trust  (FRA:079A) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Blackstone Mortgage Trust Debt-to-Equity Related Terms


Blackstone Mortgage Trust Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Blackstone Mortgage Trust's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Blackstone Mortgage Trust Debt-to-Equity Chart

Blackstone Mortgage Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.90 4.52 4.42 4.15 4.62

Blackstone Mortgage Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.58 4.40 4.62 4.65 4.85

FRA:079A vs DX, ARR, EFC: Debt-to-Equity Comparison

For the REIT - Mortgage subindustry, Blackstone Mortgage Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Blackstone Mortgage Trust Debt-to-Equity vs REITs Industry

For the REITs industry and Real Estate sector, Blackstone Mortgage Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Blackstone Mortgage Trust's Debt-to-Equity falls into.


FRA:079A
50GF Score
Blackstone Mortgage Trust Inc FRA:079A
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Blackstone Mortgage Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Blackstone Mortgage Trust's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Blackstone Mortgage Trust's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 4.85 mean?
Blackstone Mortgage Trust (FRA:079A) has a Debt-to-Equity of 4.85 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Blackstone Mortgage Trust and its competitors. This is 31% above median its historical median of 3.69. Over the past decade, Blackstone Mortgage Trust's Debt-to-Equity has ranged from 2.36 to 4.85. According to the industry distribution chart, Blackstone Mortgage Trust ranks #660 out of 684 companies in the REITs industry, placing it in the top 96.5%.
Is Blackstone Mortgage Trust's Debt-to-Equity too high?
Blackstone Mortgage Trust's current Debt-to-Equity of 4.85 is 31% above median its 10-year median of 3.69. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 4.85. The REITs industry median Debt-to-Equity is 0.78. Blackstone Mortgage Trust's value of 4.85 is 521.8% above this industry median. Based on the distribution chart, Blackstone Mortgage Trust ranks #660 out of 684 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Blackstone Mortgage Trust has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Blackstone Mortgage Trust's Debt-to-Equity compare to DX and ARR?
According to the REITs industry distribution chart, Blackstone Mortgage Trust ranks #660 out of 684 companies for Debt-to-Equity. This places Blackstone Mortgage Trust in the lower half of its industry. The industry median Debt-to-Equity is 0.78. Blackstone Mortgage Trust's value of 4.85 is 521.8% above this benchmark. Historically, Blackstone Mortgage Trust's own Debt-to-Equity has ranged from 2.36 to 4.85 over the past decade. While the company's 10-year median is 3.69 vs. the industry median of 0.78, Blackstone Mortgage Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 684 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Blackstone Mortgage Trust's current Debt-to-Equity of 4.85 is 521.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Blackstone Mortgage Trust and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackstone Mortgage Trust's current Debt-to-Equity is 4.85, which is 31% above median its own 10-year median of 3.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackstone Mortgage Trust stock overvalued right now?
Based on GuruFocus' analysis, Blackstone Mortgage Trust (FRA:079A) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.58, compared to a current price of €12.08 — trading 27.1% below its estimated fair value. The current Debt-to-Equity is 4.85, which is 31% above median its 10-year median of 3.69 and 521.8% above the REITs industry median of 0.78. Blackstone Mortgage Trust's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Blackstone Mortgage Trust (FRA:079A), the current Debt-to-Equity is 4.85 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Blackstone Mortgage Trust (FRA:079A) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone Mortgage Trust stock appears to be undervalued. The current stock price of €12.08 is trading 27.1% below its estimated GF Value™ of €16.58. GuruFocus considers Blackstone Mortgage Trust to be Modestly Undervalued.

Key valuation signals for FRA:079A:

  • Debt-to-Equity: 4.85 (31% above median its 10-year median of 3.69)
  • GF Value™: €16.58 vs. price of €12.08 (27.1% below fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 521.8% above the REITs median (#660 of 684)

No single metric tells the full story. See the FRA:079A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blackstone Mortgage Trust Business Description

Industry Real EstateREITs
Other Exchanges BXMT:USA079A:Germany
Address 345 Park Avenue, 24th Floor, New York, NY, USA, 10154
Blackstone Mortgage Trust Inc is an externally managed real estate finance company that originates, acquires, and manages senior loans and other debt or credit-oriented investments collateralized by or relating to commercial real estate in North America, Europe, and Australia. Its portfolio is composed of senior loans secured by high-quality, institutional assets located in main markets, and sponsored by experienced, well-capitalized real estate investment owners and operators. The group finances its investments in a variety of ways, including borrowing under secured credit facilities, issuing collateralized loan obligations, or CLOs, other securitization transactions, syndicating senior loans and/or participations, and other forms of asset-level financing.
50GF Score

Get the complete analysis for FRA:079A

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€12.08
Price
€16.58
GF Value