Blackstone Mortgage Trust, Inc.

Blackstone Mortgage Trust, Inc.

BXMTยทNYSE

$18.42

+2.2%
Real EstateREIT - Mortgage

Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was founded in 1997 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$3.11B
EPS0.6400
P/E Ratio28.78
Earnings Date07/29/2026
Blackstone Mortgage Trust, Inc.

Blackstone Mortgage Trust, Inc. Fair Value Envelope

BXMT ยท NYSE

Our analysis suggests that BXMT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $18.42, this represents a potential HIDDEN relative to our calculated worth for Blackstone Mortgage Trust, Inc..

Intrinsic Value
Current Price: $18.42

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$749.7M
+ Cash & Equivalents$452.5M
Firm Value$1.2B
- Debt$16.2B
Equity Value-$15.0B
/ Shares Outstanding172,288,658B
DCF Value-$87
OVERVALUED BY 571%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$208.0M
$156.9M
$118.3M
$89.2M
$67.2M
$50.7M
$38.2M
$28.8M
$21.7M
$16.4M
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$208.0M
$156.9M
$118.3M
$89.2M
$67.2M
$50.7M
$38.2M
$28.8M
$21.7M
$16.4M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$192.6M
$134.5M
$93.9M
$65.6M
$45.8M
$32.0M
$22.3M
$15.6M
$10.9M
$7.6M
Terminal Value represents 17.2% of Enterprise Value