{ "markdown": "FORWARD-LOOKING STATEMENTS & IMPORTANT DISCLOSURE INFORMATION\n\n\nReferences herein to \u201cBlackstone Mortgage Trust,\u201d \u201cCompany,\u201d \u201cwe,\u201d \u201cus,\u201d or \u201cour\u201d refer to Blackstone Mortgage Trust, Inc. and its subsidiaries unless the context specifically\nrequires otherwise. Opinions expressed reflect the current opinions of BXMT as of the date appearing in this document only and are based on the BXMT's opinions of the current\nmarket environment, which is subject to change. There can be no assurances that any of the trends described herein will continue or will not reverse. Past events and trends do\nnot imply, predict or guarantee, and are not necessarily indicative of, future events or results.\n\n\nThis presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange\nAct of 1934, as amended, which reflect BXMT\u2019s current views with respect to, among other things, its operations and financial performance, its business plans and the impact of\nthe current macroeconomic environment, including interest rate changes. You can identify these forward-looking statements by the use of words such as \u201coutlook,\u201d \u201cobjective,\u201d\n\u201cindicator,\u201d \u201cbelieves,\u201d \u201cexpects,\u201d \u201cpotential,\u201d \u201ccontinues,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cseeks,\u201d \u201cpredicts,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cestimates,\u201d \u201canticipates\u201d or the negative\nversion of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important\nfactors that could cause actual outcomes or results to differ materially from those indicated in these statements. BXMT believes these factors include but are not limited to those\ndescribed under the section entitled \u201cRisk Factors\u201d in its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to\ntime in its periodic filings with the Securities and Exchange Commission (\u201cSEC\u201d) which are accessible on the SEC\u2019s website at www.sec.gov. These factors should not be construed\nas exhaustive and should be read in conjunction with the other cautionary statements that are included in this presentation and in the filings. BXMT assumes no obligation to\nupdate or supplement forward-looking statements that become untrue because of subsequent events or circumstances.\n\n\nBlackstone Mortgage Trust, Inc.\n\n\nBlackstone | 17\n\n", "structure": { "type": "document", "markdown": null, "children": [ { "type": "page", "page": null, "span": null, "width": null, "height": null, "dpi": null, "grounding": { "page": 1, "range": { "start": 0, "end": 2437 }, "box": { "xmin": 0.0, "ymin": 0.0, "xmax": 1.0, "ymax": 1.0 } }, "markdown": null, "status": "ok", "reason": null, "children": [ { "type": "text", "id": "text-0", "span": null, "grounding": { "page": 1, "range": { "start": 0, "end": 62 }, "box": { "xmin": 0.04542, "ymin": 0.04408, "xmax": 0.63505, "ymax": 0.07647 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 0, "end": 62 }, "box": { "xmin": 0.04731, "ymin": 0.04836, "xmax": 0.63248, "ymax": 0.07298 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null }, { "type": "text", "id": "text-1", "span": null, "grounding": { "page": 1, "range": { "start": 64, "end": 689 }, "box": { "xmin": 0.04424, "ymin": 0.10749, "xmax": 0.95719, "ymax": 0.18395 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 64, "end": 240 }, "box": { "xmin": 0.04707, "ymin": 0.11255, "xmax": 0.9532, "ymax": 0.13017 } }, { "page": 1, "range": { "start": 240, "end": 415 }, "box": { "xmin": 0.04695, "ymin": 0.13023, "xmax": 0.95392, "ymax": 0.14711 } }, { "page": 1, "range": { "start": 415, "end": 591 }, "box": { "xmin": 0.04658, "ymin": 0.1476, "xmax": 0.95402, "ymax": 0.16469 } }, { "page": 1, "range": { "start": 591, "end": 689 }, "box": { "xmin": 0.04715, "ymin": 0.1647, "xmax": 0.5269, "ymax": 0.18227 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null }, { "type": "text", "id": "text-2", "span": null, "grounding": { "page": 1, "range": { "start": 691, "end": 2383 }, "box": { "xmin": 0.04394, "ymin": 0.18778, "xmax": 0.95695, "ymax": 0.36771 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 691, "end": 868 }, "box": { "xmin": 0.04679, "ymin": 0.19053, "xmax": 0.95367, "ymax": 0.20844 } }, { "page": 1, "range": { "start": 868, "end": 1044 }, "box": { "xmin": 0.04678, "ymin": 0.20848, "xmax": 0.95353, "ymax": 0.226 } }, { "page": 1, "range": { "start": 1044, "end": 1218 }, "box": { "xmin": 0.04655, "ymin": 0.22577, "xmax": 0.95201, "ymax": 0.24288 } }, { "page": 1, "range": { "start": 1218, "end": 1389 }, "box": { "xmin": 0.04723, "ymin": 0.24291, "xmax": 0.9533, "ymax": 0.25995 } }, { "page": 1, "range": { "start": 1389, "end": 1563 }, "box": { "xmin": 0.04714, "ymin": 0.26024, "xmax": 0.95412, "ymax": 0.2774 } }, { "page": 1, "range": { "start": 1563, "end": 1743 }, "box": { "xmin": 0.04685, "ymin": 0.27723, "xmax": 0.95409, "ymax": 0.29403 } }, { "page": 1, "range": { "start": 1743, "end": 1918 }, "box": { "xmin": 0.04719, "ymin": 0.29437, "xmax": 0.95431, "ymax": 0.31169 } }, { "page": 1, "range": { "start": 1918, "end": 2095 }, "box": { "xmin": 0.04735, "ymin": 0.31173, "xmax": 0.95424, "ymax": 0.3289 } }, { "page": 1, "range": { "start": 2095, "end": 2269 }, "box": { "xmin": 0.04738, "ymin": 0.32919, "xmax": 0.95417, "ymax": 0.34655 } }, { "page": 1, "range": { "start": 2269, "end": 2383 }, "box": { "xmin": 0.04807, "ymin": 0.34627, "xmax": 0.64927, "ymax": 0.36368 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null }, { "type": "marginalia", "id": "marginalia-0", "span": null, "grounding": { "page": 1, "range": { "start": 2385, "end": 2417 }, "box": { "xmin": 0.04535, "ymin": 0.92271, "xmax": 0.218, "ymax": 0.94833 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 2385, "end": 2417 }, "box": { "xmin": 0.04813, "ymin": 0.92608, "xmax": 0.21475, "ymax": 0.94484 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null }, { "type": "marginalia", "id": "marginalia-1", "span": null, "grounding": { "page": 1, "range": { "start": 2419, "end": 2435 }, "box": { "xmin": 0.85515, "ymin": 0.92136, "xmax": 0.95353, "ymax": 0.94592 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 2419, "end": 2435 }, "box": { "xmin": 0.85872, "ymin": 0.92529, "xmax": 0.9505, "ymax": 0.94239 } } ], "markdown": null, "children": null, "row": null, "col": null, "colspan": null, "rowspan": null } ] } ] }, "grounding": null, "metadata": { "req_id": null, "job_id": "parse-01m3d4jkxzy7xyfmj4t1vs8ke4", "model_version": "dpt-3-pro-20260710", "page_count": 1, "markdown_chars": null, "output_markdown_chars": 2484, "range_units": "unicode_codepoints", "openapi_spec": "https://api.ade.landing.ai/openapi.json", "failed_pages": [], "duration_ms": 6694, "billing": { "service_tier": "standard", "total_credits": 1.2 } } }