blackstonemortgagetrust.comBXMT | Blackstone Mortgage Trust

Our Portfolio People Investor Relations Contact Blackstone Mortgage Trust Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe and Australia. Blackstone Affiliation Our manager’s global presence and dynamic capabilities enable us to identify opportunities with conviction and partner with leading sponsors and financial institutions. Floating Rate Senior Lending Our mortgage loan portfolio is well positioned for yield and value preservation in various rate and credit environments. Financing Advantage Our large scale, high quality business drives efficiently priced and well structured financing with an emphasis on long term stability. Blackstone Mortgage Trust Reports First Quarter 2024 Earnings Read press release Listen to Replay REad Transcript BXMT is sponsored by the largest owner of commercial real estate globally Blackstone is the largest alternative asset manager $1.1T assets under management, including $339B in our Real Estate business Blackstone Real Estate’s portfolio $600B in global value Note: All figures as of March 31, 2024 unless otherwise indicated. Our Portfolio Our $21.1 billion portfolio is predominantly composed of loans on major market assets with top sponsors and is well diversified across asset classes and geographies. Portfolio details Overview $21.1 BILLION SENIOR LOAN PORTFOLIO 173 LOANS 63% W.A. Origination LTV As of March 31, 2024. States comprising less than 1% of total loan portfolio are excluded. Sample Transactions New Multifamily Development Brooklyn, NY $500 million whole loan secured by a newly developed multifamily property in Brooklyn, NY. The waterfront building is highly-amenitized and well-located, with 30% of the apartments designed as affordable. Beachfront Hotel Huntington Beach, CA $156 million floating rate, first mortgage loan secured by a newly-built beachfront hotel located in Huntington Beach, CA. The property is anchored by an irreplaceable location, generating robust transient and group demand. Our Manager is part of Blackstone’s leading real estate platform, which has $339 billion of investor capital under management. Literature 1Q 2024 Earnings Release Presentation download 1Q 2024 Company Presentation download Fact Sheet download Integrated Approach to ESG download Loan Parameters Primarily First Mortgage Collateral $50mm+ Loan Size 75% Last Dollar LTV +325bps and up Pricing Executive and Other Senior Officers All Investment Committee Officers Originators Tim Johnson Chair of the Board of Directors, Global Head of BREDS and Senior Managing Director Tim Johnson Chair of the Board of Directors, Global Head of BREDS and Senior Managing Director Timothy Johnson is the Global Head of Blackstone Real Estate Debt Strategies, based in New York. Mr. Johnson is responsible for overseeing Blackstone’s commercial and residential real estate debt investment strategies and is also a member of the firm’s real estate investment committee. Before joining Blackstone in 2011, Mr. Johnson was a co-founder of BroadPeak Funding, a boutique commercial real estate finance company based in Los Angeles. Prior to founding BroadPeak, Mr. Johnson was a Vice President in the Lehman Brothers Global Commercial Real Estate Group where he worked from 2002-2008. Mr. Johnson received a BA in Mathematics from the College of the Holy Cross where he graduated cum laude. Katie Keenan Chief Executive Officer and Senior Managing Director Katie Keenan Chief Executive Officer and Senior Managing Director Katie Keenan is Chief Executive Officer of Blackstone Mortgage Trust (NYSE:BXMT), a publicly-traded commercial mortgage REIT managed by Blackstone. Ms. Keenan leads all aspects of BXMT, a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe and Australia. Ms. Keenan is also a Senior Managing Director and Global Chief Operating Officer of Blackstone Real Estate Debt Strategies, which originates loans and invests in securities in commercial and residential real estate on behalf of funds, REITs and insurance capital. Before joining Blackstone in 2012, Ms. Keenan held positions at G2 Investment Group, Lubert-Adler Real Estate Funds and in the Real Estate Investment Banking Group at Lehman Brothers. Ms. Keenan graduated cum laude with an A.B. in History from Harvard College. She sits on the Board of Directors of Getting Out and Staying Out and the Advisory Board of Governors of NAREIT, and is a member of WX New York Women Executives in Real Estate. Kenneth Caplan BX Global Co-Chief Investment Officer and Senior Managing Director Kenneth Caplan BX Global Co-Chief Investment Officer and Senior Managing Director Kenneth A. Caplan is the Global Co-Chief Investment Officer of Blackstone. As Co-CIO, he works in conjunction with business unit CIOs and Group Heads to provide additional firm-level investment oversight, primarily across Real Estate and Credit & Insurance (BXCI). Mr. Caplan previously served as Global Co-Head of Blackstone Real Estate. Blackstone is the largest owner of commercial real estate and an industry leader in opportunistic, core plus and debt investing across North America, Europe and Asia. Prior to becoming Global Co-Head of Blackstone Real Estate, Mr. Caplan served as Global Chief Investment Officer of Blackstone Real Estate and Head of Real Estate Europe. Since joining the firm in 1997, Mr. Caplan has been involved in over $100 billion of real estate acquisitions and initiatives in the United States, Europe and Asia. These include major acquisitions such as Equity Office Properties, Hilton Hotels, Logicor and GE Real Estate. Before joining Blackstone, he was at Lazard Freres & Co. in the real estate investment banking group. Mr. Caplan received an AB in Economics from Harvard College, where he graduated magna cum laude, was elected to Phi Beta Kappa and was a John Harvard Scholar. He currently serves on the Board of Trustees of Prep for Prep. Kathleen McCarthy BX Global Co-Head of Real Estate and Senior Managing Director Kathleen McCarthy BX Global Co-Head of Real Estate and Senior Managing Director Kathleen McCarthy is the Global Co-Head of Blackstone Real Estate. Blackstone is the largest owner of commercial real estate globally and an industry leader in opportunistic, core plus and debt investing across North America, Europe and Asia. Ms. McCarthy focuses on driving performance and growth for Blackstone’s Real Estate business. Ms. McCarthy previously served as Global Chief Operating Officer of Blackstone Real Estate. Before joining Blackstone in 2010, Ms. McCarthy worked at Goldman Sachs, where she focused on investments for the Real Estate Principal Investment Area. Ms. McCarthy began her career at Goldman Sachs in the Mergers & Acquisitions Group. Ms. McCarthy received a BA with Distinction from Yale University. She serves on the boards of City Harvest, the Real Estate Roundtable, the Blackstone Charitable Foundation, and is the President of the Board of Trustees of The Nightingale-Bamford School. Nadeem Meghji BX Global Co-Head of Real Estate and Senior Managing Director Nadeem Meghji BX Global Co-Head of Real Estate and Senior Managing Director Nadeem Meghji is the Global Co-Head of Blackstone Real Estate. Blackstone is the largest owner of commercial real estate globally and an industry leader in opportunistic, core plus and debt investing across North America, Europe and Asia. Mr. Meghji previously served as Head of Real Estate Americas and has played a leadership role in Blackstone Real Estate’s investment activity in the region. Mr. Meghji joined Blackstone in 2008. Mr. Meghji received a BS in Electrical Engineering from Columbia University, where he graduated summa cum laude. He received a JD from Harvard Law School and an MBA from Harvard Business School. Mr. Meghji serves as a board member for the Lupus Research Alliance and is the...