Gary Yeowell Thesis Blackstone Mortgage Trust (NYSE:BXMT) is a real estate finance company that originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The REIT is one of the largest in the space, alongside Starwood Property Trust (STWD), and has been hit hard by the current downturn in North American CRE. In this article, we are going to have a closer look at the REIT's latest results and our view on its path forward. BXMT is a type of lending institution, n ...