Blackstone Mortgage Trust Cuts Fourth-Quarter Dividend by 36.2%

Blackstone Mortgage Trust Inc. (BXMT) set its fourth-quarter 2026 dividend at $0.30 per Class A common share, 36.2% below the $0.47 per basic share paid for the third quarter.

The company announced the dividend Oct. 29. The $0.30-per-share dividend will be paid Jan. 15, 2027, to stockholders of record Dec. 31, 2026.

The announcement accompanied the trust’s third-quarter results. For the quarter ended Sept. 30, BXMT reported a $327 million net loss attributable to the company. Distributable earnings were $0.38 per share, or $0.42 per share before realized gains and losses; both measures are non-GAAP.

Chief Executive Officer Tim Johnson said, “We assess the dividend with our Board each quarter, considering a variety of factors.”

Blackstone Mortgage Trust is a commercial mortgage REIT that originates, acquires and manages loans and other credit investments tied to commercial real estate in North America, Europe and Australia.