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Blackstone Mortgage Trust (NYSE: BXMT) fell 3.54% on October 2, 2026, closing at $10.90, down $0.40 from its October 1 close of $11.30. The available sources confirm the daily move but do not establish a specific reason for it.

What happened to BXMT shares on October 2?

Historical prices reported by Stock Analysis, which attributes its data to S&P Global Market Intelligence, show the following figures for the two sessions:

Date Close Daily change Reported range Volume
October 1, 2026 $11.30 — not stated not stated
October 2, 2026 $10.90 down $0.40 (3.54%) $10.88–$11.48 3,539,076 shares

See BXMT historical price data.

Why did the stock fall?

The sources reporting the price move do not identify a catalyst. They do not connect the decline to a particular company announcement, the dividend, interest rates, property-market conditions, or a loan event. The reason for the October 2 decline is therefore unknown based on the available evidence; nearby company disclosures should not be treated as proof of what drove that session.

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What does Blackstone Mortgage Trust do?

Blackstone Mortgage Trust describes itself as a publicly traded commercial mortgage REIT focused on real estate credit investments in North America, Europe, and Australia. Its business includes originating, acquiring, and managing senior loans and other debt or credit-oriented investments collateralized by or related to commercial real estate. The company’s website lists its business overview and portfolio information.

What did the latest reported results show?

The latest results identified here were for the second quarter of 2026, released July 30. BXMT reported a net loss attributable to the company of $81.2 million. Its release reported these per-share figures:

  • GAAP EPS: $(0.48).
  • Distributable EPS: $0.31.
  • Distributable EPS before realized gains and losses: $0.48.
  • Dividends paid per basic share: $0.47.

Distributable EPS and distributable EPS before realized gains and losses are non-GAAP measures; the company’s release directs readers to its presentation for a reconciliation. CEO Tim Johnson said the quarter reflected continued efforts to accelerate portfolio turnover and reallocate capital, and described the company as positioned to pursue its strategic initiatives. That is management’s characterization of its strategy, not an explanation of the October 2 share-price move. Read the Q2 2026 results release.

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What portfolio figures did the company report?

As of June 30, 2026, BXMT’s website listed a $20 billion investment portfolio, 97% performing loans, 65% loan-to-value, and $19.31 book value per share. These are company-reported figures with a June 30 as-of date, not October 2 trading metrics.

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Was the October dividend responsible?

On September 15, BXMT declared a third-quarter 2026 dividend of $0.47 per share, payable October 15 to stockholders of record at the close of business on September 30. The announcement confirms the dividend schedule but does not say that the dividend caused, or was connected to, the October 2 decline. Read the dividend announcement.

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