Blackstone Mortgage Trust, Inc.

Commercial real estate lender structured as a mortgage REIT

What Blackstone Mortgage Trust does

Blackstone Mortgage Trust lends money to owners of commercial properties such as office buildings, hotels and apartment complexes. Its loans are secured by a first claim on the property, so it gets paid back first if the borrower defaults. It lends in the U.S., the UK, Europe, Australia and Canada.

How Blackstone Mortgage Trust makes money

It earns interest income on senior floating-rate loans, which is more than it pays to fund those loans. As a REIT, it passes most of its taxable income to shareholders as dividends.

Products & services

• Senior floating-rate commercial mortgage loans
• First-priority mortgage lending
• Commercial real estate debt investments
• Credit-oriented real estate investments
• Loan origination and acquisition