BXMT (Blackstone Mortgage Trust) ROE %: -0.73% (As of Mar. 2026)


BXMT Blackstone Mortgage Trust Inc BXMT
60 GF Score
Price $17.34
GF Value $18.42
Valuation Fairly Valued
! 4 Warning Signs
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What is Blackstone Mortgage Trust ROE %?

Blackstone Mortgage Trust BXMT -0.09% 60 ROE % is -0.73% as of Mar. 2026. GuruFocus rates BXMT with a GF Score™ of 60/100 and a GF Value™ of $18.42 (Fairly Valued). The stock has 4 warning signs investors should review. Among 933 REITs companies, Blackstone Mortgage Trust ranks worse than 69.13% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Blackstone Mortgage Trust's annualized net income for the quarter that ended in Mar. 2026 was $-25.2 Mil. Blackstone Mortgage Trust's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $3,456.9 Mil. Therefore, Blackstone Mortgage Trust's annualized ROE % for the quarter that ended in Mar. 2026 was -0.73%.

The historical rank and industry rank for Blackstone Mortgage Trust's ROE % or its related term are showing as below:

BXMT' s ROE % Range Over the Past 10 Years
Min: -5.01   Med: 6.8   Max: 9.89
Current: 2.91

During the past 13 years, Blackstone Mortgage Trust's highest ROE % was 9.89%. The lowest was -5.01%. And the median was 6.80%.

BXMT's ROE % is ranked worse than
69.13% of 933 companies
in the REITs industry
Industry Median: 6.15 vs BXMT: 2.91

Blackstone Mortgage Trust  (NYSE:BXMT) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-25.188/3456.935
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-25.188 / 637.036)*(637.036 / 19816.377)*(19816.377 / 3456.935)
=Net Margin %*Asset Turnover*Equity Multiplier
=-3.95 %*0.0321*5.7324
=ROA %*Equity Multiplier
=-0.13 %*5.7324
=-0.73 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-25.188/3456.935
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-25.188 / -20.728) * (-20.728 / 637.036) * (637.036 / 19816.377) * (19816.377 / 3456.935)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1.2152 * -3.25 % * 0.0321 * 5.7324
=-0.73 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Blackstone Mortgage Trust ROE % Related Terms


Blackstone Mortgage Trust ROE % Historical Data

* Premium members only.

The historical data trend for Blackstone Mortgage Trust's ROE % 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 ROE % Chart

Blackstone Mortgage Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.89 5.46 5.55 -5.01 3.01

Blackstone Mortgage Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 -0.04 0.76 7.04 4.46 -0.73

BXMT vs DX, ARR, EFC: ROE % Comparison

For the REIT - Mortgage subindustry, Blackstone Mortgage Trust's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Blackstone Mortgage Trust's ROE % distribution charts can be found below:

* The bar in red indicates where Blackstone Mortgage Trust's ROE % falls into.


BXMT
60GF Score
Blackstone Mortgage Trust Inc BXMT
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Blackstone Mortgage Trust ROE % Calculation

Blackstone Mortgage Trust's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=109.569/( (3787.308+3498.91)/ 2 )
=109.569/3643.109
=3.01 %

Blackstone Mortgage Trust's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-25.188/( (3498.91+3414.96)/ 2 )
=-25.188/3456.935
=-0.73 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -0.73% mean?
Blackstone Mortgage Trust (BXMT) has a ROE % of -0.73% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Blackstone Mortgage Trust and its competitors. According to the industry distribution chart, Blackstone Mortgage Trust ranks #645 out of 933 companies in the REITs industry, placing it in the top 69.1%.
Is Blackstone Mortgage Trust's ROE % too high?
Blackstone Mortgage Trust's current ROE % is -0.73%. Based on the distribution chart, Blackstone Mortgage Trust ranks #645 out of 933 companies in the REITs industry, which is below the industry midpoint. Overall, Blackstone Mortgage Trust has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Blackstone Mortgage Trust's ROE % compare to DX and ARR?
According to the REITs industry distribution chart, Blackstone Mortgage Trust ranks #645 out of 933 companies for ROE %. This places Blackstone Mortgage Trust in the lower half of its industry. The industry median ROE % is 6.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a REITs company?
The median ROE % among REITs companies is 6.15, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Blackstone Mortgage Trust and its competitors. For the REITs industry, the median ROE % is 6.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackstone Mortgage Trust's current ROE % is -0.73%. 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 (BXMT) is currently considered Fairly Valued. The stock's GF Value™ is $18.42, compared to a current price of $17.34 — trading 5.9% below its estimated fair value. The current ROE % is -0.73%. Blackstone Mortgage Trust's overall GF Score™ is 60/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Blackstone Mortgage Trust (BXMT), the current ROE % is -0.73% as of Mar. 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 (BXMT) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone Mortgage Trust stock appears to be undervalued. The current stock price of $17.34 is trading 5.9% below its estimated GF Value™ of $18.42. GuruFocus considers Blackstone Mortgage Trust to be Fairly Valued.

Key valuation signals for BXMT:

  • ROE %: -0.73%
  • GF Value™: $18.42 vs. price of $17.34 (5.9% below fair value)
  • GF Score™: 60/100 with 4 warning signs

No single metric tells the full story. See the BXMT 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 079A: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.
60GF Score

Get the complete analysis for BXMT

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

$17.34
Price
$18.42
GF Value