Blackstone Mortgage REIT Shares Dive Most Since Early Pandemic

Shares of Blackstone Mortgage Trust Inc. (BXMT) experienced their largest two-day drop since 2020 after executives disclosed "increased pressure" on $1 billion in loans. These loans are primarily backed by office assets and have been placed on a watch list due to underperformance in the real estate market, with three new loans, including a Denver office loan, added this quarter.