What smart money is saying about Blackstone Mortgage Trust, Inc.
2 funds in our archive have pitched Blackstone Mortgage Trust, Inc. — most recently Baron Real Estate Income Strategy in June 2026.
Blackstone Mortgage Trust, Inc. (BXMT) functions as a real estate finance entity, primarily engaged in originating senior-level debt secured by commercial properties. These investment activities span across North America, Europe, and Australia. For U.S. federal income tax considerations, the company is organized as a Real Estate Investment Trust (REIT). This structure generally exempts it from federal corporate income taxes, contingent on distributing at least 90% of its taxable earnings to its shareholders. The firm adopted its current name, Blackstone Mortgage Trust, Inc., in May 2013, having previously operated as Capital Trust, Inc. Established in 1997, its principal office is located in New York City.
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Position history
Between Q1 2026 and Q2 2026, 3 fund letters reported a position in Blackstone Mortgage Trust, Inc. — 2 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 0 | 2 | 1 |
| Q1 2026 | 0 | 0 | 0 | 1 |
Fund activity · 3 positions · 2 moves
- June 2026
“Shares of Blackstone Mortgage Trust, Inc. lagged during the quarter, weighed down by a marginal first quarter book value decline, lingering concerns about credit quality and overall challenging commercial real estate lending environment given resurgent inflation, and an elevated rate environment creating an unfavorable backdrop. We trimmed our position and reallocated capital into other ideas discussed earlier.”
Blackstone Mortgage Trust, Inc. - June 2026
“Shares of Blackstone Mortgage Trust, Inc. lagged during the quarter, weighed down by a marginal first quarter book value decline, lingering concerns about credit quality and overall challenging commercial real estate lending environment given resurgent inflation, and an elevated rate environment creating an unfavorable backdrop. We trimmed our position and reallocated capital into other ideas discussed earlier.”
Blackstone Mortgage Trust, Inc. - June 2026
Listed in Gabelli Funds Shareholder Commentary: Open-End Funds’s reported holdings.
Blackstone Mortgage Trust, Inc.
Fund coverage · 2 theses
- Baron Real Estate Income StrategyJune 2026
Blackstone Mortgage Trust, Inc. benefits from Blackstone sponsorship, a strong balance sheet, and an attractive yield and valuation.
Read the full thesis - Baron Real Estate Income FundMarch 2026
Blackstone Mortgage Trust, Inc. is a Blackstone-sponsored real estate credit platform with a strong balance sheet, near-10% yield, and below-book valuation.
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