Blackstone Mortgage Trust Inc

BXMT remains in a Stage 4 decline, confirming a bearish medium-term bias despite a failed pivot above EMAs. A short-term bounce into the declining 9/21 EMA zone offers a clear supply area. Execution is optimal now via sell-side interaction into the EMA resistance.

• ↑93% of $16.4B loan portfolio performing; resolved $1.1B impaired loans
• ↑Pipeline includes $2B new loans and $5.2B repayments in 2024
• ↓Reported GAAP loss of $0.04/share; distributable earnings are $0.21/share