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"markdown": "# BXMT HIGHLIGHTS\n\n- Q2 GAAP EPS of $(0.48), Distributable EPS(1) of $0.31, and Distributable EPS prior to realized gains & losses(1) of $0.48\n- Continued execution on portfolio turnover, with strong repayments and active capital deployment into\nhigh-conviction investment themes accessible through Blackstone\u2019s proprietary sourcing channels\n\n\n### Earnings \nStrong current income \n\n$0.48 \ndistributable EPS prior to \nrealized gains and losses(1) \n\n$0.47 \ndividend per share \n\n### Investments \nDifferentiated global deployment channels \n\n$1.4B \nQ2 investments(a) \n\n75%+ \nresidential,(b) industrial, and net lease properties \n\nRepayments\nActive portfolio turnover\n$1.2B\nloan repayments\n99%\nof repayments\npre-2023 originations\n\nNote: The information in this presentation is as of June 30, 2026, and all averages are weighted averages, unless otherwise stated. Opinions expressed reflect the current opinions of BXMT as of the date\nindicated only and are based on BXMT\u2019s opinions of the current market environment, which is subject to change. Estimates, targets, forecasts, or similar predictions or returns are necessarily speculative,\nhypothetical, and inherently uncertain in nature, and it can be expected that some or all of the assumptions underlying such estimates, targets, forecasts, or similar predictions or returns contained\nherein will not materialize and/or that actual events and consequences thereof will vary materially from the assumptions upon which such estimates, targets, forecasts, or similar predictions or returns\nhave been based. BXMT\u2019s manager is a subsidiary of Blackstone.\n(1) See Appendix for definition and reconciliation to GAAP net (loss) income.\n\n\nBlackstone Mortgage Trust, Inc.\n\n\nBlackstone\n\n\n17\n\n",
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