# BLACKSTONE MORTGAGE TRUST, INC. (BXMT) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from BLACKSTONE MORTGAGE TRUST, INC.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/BXMT/mda/fy2025/): filed 2026-02-11; accession 0001061630-26-000009 (https://www.sec.gov/Archives/edgar/data/1061630/000106163026000009/bxmt-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/BXMT/mda/fy2024/): filed 2025-02-12; accession 0001061630-25-000024 (https://www.sec.gov/Archives/edgar/data/1061630/000106163025000024/bxmt-20241231.htm)
- [FY 2023 MD&A](/company/BXMT/mda/fy2023/): filed 2024-02-14; accession 0001061630-24-000029 (https://www.sec.gov/Archives/edgar/data/1061630/000106163024000029/bxmt-20231231.htm)
- [FY 2022 MD&A](/company/BXMT/mda/fy2022/): filed 2023-02-08; accession 0001061630-23-000010 (https://www.sec.gov/Archives/edgar/data/1061630/000106163023000010/bxmt-20221231.htm)
- [FY 2021 MD&A](/company/BXMT/mda/fy2021/): filed 2022-02-09; accession 0001061630-22-000016 (https://www.sec.gov/Archives/edgar/data/1061630/000106163022000016/bxmt-20211231.htm)

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