REIT

Blackstone Mortgage Trust, Inc. (BXMT)

Blackstone Mortgage Trust, Inc. trades as BXMT on NYSE. This page collects what it has actually paid — every recorded payment, the calendar-year totals, the forward and trailing 12-month yields side by side against the last price, and the dates already declared.

$14.03 $-0.09 (-0.64%)
52-week range $13.73 – $20.67
REIT NYSEReal EstateREIT - Mortgage

Price as of Aug 25, 2026 (8 hours ago) · supplied by fmp. Quotes may be delayed. Verify with your broker before acting on anything here.

Forward yield 13.40% Last regular payment annualised, divided by the last price. An estimate of the next twelve months — not money that has been paid.
Trailing 12-month yield 13.40% Cash actually paid per share over the last 365 days ($1.88) divided by the last price. Backward-looking, and not comparable with a bond's yield to maturity or an index yield.
Forward annual payment $1.88 Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid.
Pays Quarterly Cadence of the regular payment, accepted only after three consecutive payments were reported at the same frequency.
Next ex-date First day the shares trade without the next payment attached.
Next pay date When the declared payment reaches holders.
Growth streak 0 yr No current run of increases: the most recent complete calendar year did not pay more than the year before it. Our stored payment history for this security begins in 1985.
Years paying 31 Complete calendar years with a payment in our stored history, which begins in 1985. The issuer may have paid for longer than we hold.
Payout ratio Not meaningful for this structure — GAAP earnings do not describe what it pays out.
Income score 46 0-100 research screen, not a recommendation.

The two yields above are different measurements and are not interchangeable. The forward yield annualises the last regular payment; the trailing 12-month yield counts the cash actually paid over the last 365 days. Neither is an interest rate, a bond's yield to maturity or an index effective yield, and none of those may be compared with these as like for like. See how we compute these numbers.

Our stored payment history for BXMT begins in 1985. There is no current run of increases to report: either the most recent complete calendar year did not pay more than the year before it, or there is no earlier complete year in our history to compare it with.

A yield is just a payment divided by a price, so it moves every day even when the payment does not. The forward number is an estimate of the next twelve months; the trailing number is what was actually paid over the last twelve. Ex-date is the cut-off: own the shares before it and the next payment is yours, buy on or after it and the seller keeps it.

What BXMT is

How REITs work →

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.

Company description supplied by the issuer and relayed by our market-data provider, not written by Income Investing. See data sources.

BXMT is a real estate investment trust: a company that owns or finances property and distributes the large majority of its taxable income to shareholders each year in exchange for paying little or no corporate tax on it. The distribution is therefore a structural obligation rather than a discretionary dividend, which is why REIT yields sit above the broad market's.

Because depreciation makes GAAP earnings a poor description of a property company, REITs are usually judged on funds from operations rather than net income. REIT distributions are mostly taxed as ordinary income and can include return of capital, so they are generally not qualified dividends. Read how REITs work.

Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.

Payment history

Each row is one payment as recorded by our data provider, newest first. The final column compares it with the nearest payment about a year earlier.

The table lists the 24 most recent recorded dividends for BXMT, newest first, with ex-dates running from Sep 29, 2020 to Jun 30, 2026. The latest is $0.4700 per share in USD, ex-date Jun 30, 2026, pay date Jul 15, 2026. Measured against the nearest payment about a year earlier, 0 are higher, 4 lower and 20 unchanged; the remaining 0 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.

How to read this table: one row is one payment, newest at the top, and the amount is what a single share received on that one date. It is not an annual figure — the yearly ones are in the tiles above and in the totals further down. A row marked Special is a one-off the issuer chose to make rather than part of the regular schedule, which is why it is left out of the year-on-year comparison and out of those yearly totals. Whether the amount repeats for several rows or moves every time is a fact about the structure rather than a sign of health: a company usually resets its dividend once a year, while a fund's distribution can change with every payment.

Recorded payments for BXMT. Amounts are per share as declared, in USD.
Ex-dateOwn it before this day and this payment is yours. Pay date Amount per shareWhat one share received on that date, before tax. Cadence tagged by provider Type vs. a year earlier
Jun 30, 2026 Jul 15, 2026 $0.4700 Quarterly Regular 0.00%
Mar 31, 2026 Apr 15, 2026 $0.4700 Quarterly Regular 0.00%
Dec 31, 2025 Jan 15, 2026 $0.4700 Quarterly Regular 0.00%
Sep 30, 2025 Oct 15, 2025 $0.4700 Quarterly Regular 0.00%
Jun 30, 2025 Jul 15, 2025 $0.4700 Quarterly Regular -24.19%
Mar 31, 2025 Apr 15, 2025 $0.4700 Quarterly Regular -24.19%
Dec 31, 2024 Jan 15, 2025 $0.4700 Quarterly Regular -24.19%
Sep 30, 2024 Oct 15, 2024 $0.4700 Quarterly Regular -24.19%
Jun 28, 2024 Jul 15, 2024 $0.6200 Quarterly Regular 0.00%
Mar 27, 2024 Apr 15, 2024 $0.6200 Quarterly Regular 0.00%
Dec 28, 2023 Jan 16, 2024 $0.6200 Quarterly Regular 0.00%
Sep 28, 2023 Oct 13, 2023 $0.6200 Quarterly Regular 0.00%
Jun 29, 2023 Jul 14, 2023 $0.6200 Quarterly Regular 0.00%
Mar 30, 2023 Apr 14, 2023 $0.6200 Quarterly Regular 0.00%
Dec 29, 2022 Jan 13, 2023 $0.6200 Quarterly Regular 0.00%
Sep 29, 2022 Oct 14, 2022 $0.6200 Quarterly Regular 0.00%
Jun 29, 2022 Jul 15, 2022 $0.6200 Quarterly Regular 0.00%
Mar 30, 2022 Apr 14, 2022 $0.6200 Quarterly Regular 0.00%
Dec 30, 2021 Jan 14, 2022 $0.6200 Quarterly Regular 0.00%
Sep 29, 2021 Oct 15, 2021 $0.6200 Quarterly Regular 0.00%
Jun 29, 2021 Jul 15, 2021 $0.6200 Quarterly Regular 0.00%
Mar 30, 2021 Apr 15, 2021 $0.6200 Quarterly Regular 0.00%
Dec 30, 2020 Jan 15, 2021 $0.6200 Quarterly Regular 0.00%
Sep 29, 2020 Oct 15, 2020 $0.6200 Quarterly Regular 0.00%

The cadence column is the tag our provider attached to that individual payment (fmp), not the security's established schedule. The two can disagree, which is why the cadence shown in the tiles above is only accepted after three consecutive payments were tagged the same way.

A blank comparison means there was no comparable payment within sixty days of the same point a year earlier — a new payer, a changed cadence, or a gap in the record. Special and one-off payments are labelled and are excluded from the comparison.

Dividends by calendar year

Calendar-year totals, bucketed by ex-dividend date: every regular dividend whose ex-dividend date fell in that year, for the last ten complete years on record. These are amounts actually paid, never a forward estimate, and they are not the issuer's own annual dividend figure.

The chart covers 10 complete calendar years for BXMT, 2016 to 2025, per share, in USD. Each bar totals the regular dividends with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own dividend year. Our stored payment history for BXMT begins in 1985. The total went from $2.48 in 2016 to $1.88 in 2025 — 24% lower. Within that span 1 year was higher than the year before and 2 lower. The three most recent years shown are 2023 $2.48, 2024 $2.18 and 2025 $1.88. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. Every year shown holds the 4 dividends a quarterly cadence implies, so no year on this chart is short or long because a payment shifted across a year end.

Each bar, and each row underneath it, is one calendar year of regular payments added together for a single share. Read left to right and you are reading whether the payment has grown, held or been cut — a record of what was paid, never a forecast of what will be. One thing to watch for: a year here is decided by the date the payment went ex, so when that date slips across a year end one year holds an extra payment and its neighbour is one short while the payment itself never moved. Any year where that has happened is drawn as a dashed bar and marked with an asterisk, and it is the usual reason these totals differ from the annual figure the issuer itself publishes.

2016: $2.4800 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.48 2016 2017: $2.4800 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.48 2017 2018: $2.4800 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.48 2018 2019: $2.4800 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.48 2019 2020: $2.4800 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.48 2020 2021: $2.4800 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.48 2021 2022: $2.4800 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.48 2022 2023: $2.4800 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.48 2023 2024: $2.1800 per share from 4 payments, matching the 4 a year the recorded cadence implies. 2.18 2024 2025: $1.8800 per share from 4 payments, matching the 4 a year the recorded cadence implies. 1.88 2025
Bar height is the total per share of the regular dividends whose ex-dividend date fell in that calendar year, in USD. The year is assigned by ex-dividend date, not by the issuer's own dividend year and not by the date the cash arrived. These are a trailing record — never the forward estimate shown in the tiles above.
Complete calendar years only, bucketed by ex-dividend date — the current year is still in progress and is left out.
Year Paid per share that yearEvery regular payment dated in that year, added up, for one share. Payments in the yearA count that differs from the usual one means a payment moved across a year end. Change on the year before
2016 $2.48 4 +8.77%
2017 $2.48 4 0.00%
2018 $2.48 4 0.00%
2019 $2.48 4 0.00%
2020 $2.48 4 0.00%
2021 $2.48 4 0.00%
2022 $2.48 4 0.00%
2023 $2.48 4 0.00%
2024 $2.18 4 -12.10%
2025 $1.88 4 -13.76%
What can go wrong
A REIT is a leveraged, cyclical property owner. Rents depend on tenant solvency and on leases signed years ago, debt has to be refinanced at whatever rate exists on the day, and rising rates hit both the cost of that debt and the value of the buildings. Mortgage REITs carry interest-rate and prepayment risk instead of tenant risk and have historically been far more volatile than equity REITs. Distributions are mostly taxed as ordinary income.

Similar securities

The eight closest reit entries by trailing 12-month yield, in the same sector. A research screen, not a recommendation.

Open Commercial Real Estate →

These are not the best-paying securities of this kind, and no ranking is meant by the order. They are the ones whose trailing 12-month yield sits nearest to this one, in the same structure and usually the same sector, so that this security can be seen in company rather than on its own. Every figure here is backward-looking cash that has already been paid. A row that sits well away from the rest is a question to take to that security's own page, not an answer.

Ticker Name Price Trailing 12m yieldCash paid out over the last year, over today's price. Paid over 12 months Pays
AGNC AGNC Investment Corp. $10.91 13.20% $1.44 Monthly
IIPR Innovative Industrial Properties, Inc. $57.62 13.19% $7.60 Quarterly
BRSP BrightSpire Capital, Inc. $4.87 13.14% $0.64 Quarterly
FBRT Franklin BSP Realty Trust, Inc. $8.48 13.09% $1.11 Quarterly
ACRE Ares Commercial Real Estate Corporation $4.73 12.69% $0.60 Quarterly
CIM Chimera Investment Corporation $11.61 14.13% $1.64 Quarterly
NLY Annaly Capital Management, Inc. $23.10 12.34% $2.85 Quarterly
TRTX TPG RE Finance Trust, Inc. $7.80 12.31% $0.96 Quarterly

Every row in this table is on the same basis — cash actually paid per share over the last 365 days, divided by that security's last price — so the column can be read down. Forward estimates are deliberately not used here, because they exist for some securities and not others and a mixed column would invite a comparison that does not hold. A dash means no payment was recorded in the last 365 days, or no price is on file. Open a security to see both of its yields.

Where these are traded

LoopNet

A CoStar-operated listing marketplace for US commercial property for sale and for lease, searchable by asset type and market.

Asking prices, not transaction prices

Visit LoopNet ↗
Crexi

A commercial real estate marketplace covering for-sale listings, online auctions and lease space, with broker-supplied offering memoranda.

Visit Crexi ↗
CrowdStreet

An online marketplace where accredited investors commit capital to individual commercial property deals run by third-party sponsors.

Deal-level risk sits with the sponsor; the platform is not the operator

Visit CrowdStreet ↗
Fundrise

A platform that pools retail money into non-traded real estate and credit funds, with redemptions handled through periodic windows rather than an exchange.

Share values are set by the sponsor's NAV, not by a market price

Visit Fundrise ↗

Listed because they offer access to this kind of security, not as an endorsement of it.

Questions about BXMT

Does BXMT pay a dividend, and how often?
Yes. The regular payment cadence recorded for BXMT is quarterly. The annual figure works out at $1.88 per share. Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid. The last ex-date in our history is Jun 30, 2026.
What is the yield on BXMT, and is it forward or trailing?
There are two, and they measure different things. The forward yield is 13.40%: the last regular payment annualised to $1.88 a year and divided by the last price of $14.03. That is an estimate of the next twelve months. The trailing 12-month yield is 13.40%: the $1.88 per share actually paid over the last 365 days, divided by the same price. Neither number is a bond's yield to maturity, an index effective yield or an interest rate, and none of those should be compared with these as like for like. Yield also moves inversely with price, so it rises when the market marks the security down — a high number is a question, not an answer.
When is the next BXMT ex-dividend date?
No future ex-date has been declared or collected for BXMT yet. The last one on record was Jun 30, 2026.
Why is there no meaningful payout ratio for BXMT?
A payout ratio compares a dividend to accounting earnings. For a reit the payment is not funded out of GAAP net income — REITs and BDCs pay out of taxable income under distribution rules, funds pass through whatever the portfolio produced, and partnerships distribute cash flow. Analysts use structure-specific measures instead, such as funds from operations for REITs or net investment income for BDCs.
Has the BXMT payment grown?
Over the complete calendar years in our history, the total went from $2.48 in 2016 to $1.88 in 2025. The chart on this page shows every year in between, including any cuts. Those totals bucket each payment by its ex-dividend date, so a year can hold more or fewer payments than the cadence implies when a payment shifts across a year end. Past payment history describes what happened, not what will happen.
How to read this page
Nothing on this page is investment advice or a recommendation to buy, hold or sell BXMT. Figures are drawn from third-party market data and our own calculations, may be delayed or wrong, and can change without notice. Confirm every number with the issuer and with your own broker, tax adviser and financial adviser before acting.

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