Blackstone Mortgage Trust Announces Continued Momentum in Credit Outcomes

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today announced strong quarter-to-date progress on repayments and non-performing loan resolutions:

• $1.0 billion of total repayments¹ collected quarter-to-date
• $0.4 billion of non-performing loan resolutions² completed quarter to date, bringing total year-to-date resolutions to $0.9 billion
• $1.0 billion of additional non-performing loan resolutions in closing³
• Loan resolutions closed or in closing represent over 60% of total non-performing loans as of September 30, 2024, and are at or above carrying values, in aggregate

Katie Keenan, Chief Executive Officer, said, “The ongoing recovery and resurgence in capital markets activity continues to drive strong positive momentum in BXMT’s business. We are pleased to deliver these positive outcomes for our investors, which accelerate portfolio turnover with the redeployment of capital in today’s attractive investment environment.”

About Blackstone Mortgage Trust
Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from our loan portfolio. Our portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These senior loans are capitalized by accessing a variety of financing options, depending on our view of the most prudent strategy available for each of our investments. We are externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone. Further information is available at www.bxmt.com.

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1.1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.