BLACKSTONE MORTGAGE TRUST, INC.BXMT
BLACKSTONE MORTGAGE TRUST, INC. New Standards Disclosure
Recent Accounting Pronouncements
In December 2025, the FASB issued Accounting Standards Update, or ASU, 2025-11, “Interim Reporting (Topic 270):
Narrow Scope Improvements,” which amends the guidance in ASC 270, Interim Reporting. The update enhances interim
disclosure requirements by clarifying the information that must be presented in quarterly periods, including improved
transparency regarding significant events, accounting policy updates, and material developments that occur between annual
reporting dates. ASU 2025-11 also aligns certain interim reporting requirements more closely with annual disclosure
objectives to promote consistency and comparability. The amendments are effective for interim periods beginning after
December 15, 2027, and early adoption is permitted. We have not early adopted ASU 2025-11 and do not expect the
adoption of ASU 2025-11 to have a material impact on our consolidated financial statements.
In December 2025, the FASB issued ASU 2025-09, “Derivatives and Hedging (Topic 815): Hedge Accounting
Improvements,” which amends the guidance in ASC 815, Derivatives and Hedging. The update refines certain hedge
accounting requirements, including clarifications to the designation and documentation criteria for hedge relationships,
improvements to the assessment of hedge effectiveness, and enhanced disclosures intended to provide greater transparency
into an entity’s risk management activities involving derivatives. ASU 2025-09 is effective for annual periods beginning
after December 15, 2026, including interim periods within those annual periods, and early adoption is permitted. We have
not early adopted ASU 2025-09 and do not expect the adoption of ASU 2025-09 to have a material impact on our
consolidated financial statements.
In December 2025, the FASB issued ASU 2025-08, “Financial Instruments—Credit Losses (Topic 326): Purchased
Loans,” which clarifies the application of the CECL model to purchased loans, including purchased credit‑deteriorated
loans, and enhances related disclosure requirements. ASU 2025-08 is effective for annual reporting periods beginning after
December 15, 2026, including interim periods within those annual periods. Early adoption is permitted. We have not early
adopted ASU 2025-08 and do not expect the adoption of ASU 2025-08 to have a material impact on our consolidated
financial statements.
In July 2025, the FASB issued ASU 2025-05, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit
Losses for Accounts Receivable and Contract Assets,” which amends the guidance in ASC 326, Financial Instruments—
Credit Losses. This update provides a practical expedient related to the estimation of expected credit losses for current
accounts receivable and current contract assets that arise from transactions accounted for under ASC 606. The amendment
notes that in developing reasonable and supportable forecasts as part of estimating expected credit losses, all entities may
elect a practical expedient that assumes that current conditions as of the balance sheet date do not change for the remaining
life of the asset. ASU 2025-05 is effective for annual periods beginning after December 15, 2025, including interim periods
within those annual periods, and early adoption is permitted. We have not early adopted ASU 2025-05 and do not expect
the adoption of ASU 2025-05 to have a material impact on our consolidated financial statements. We recognize revenue
under ASC 606 pursuant to our Agency Multifamily Lending Partnership and income from our hospitality owned real
estate assets.
In May 2025, the FASB issued ASU 2025-03, “Business Combinations (Topic 805) and Consolidation (Topic 810):
Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity,” which amends the guidance in ASC
805, Business Combinations. This update clarifies the determination of the accounting acquirer in business combinations
that are primarily effected through the exchange of equity interests and involve the acquisition of a VIE. Specifically,
entities are now required to consider the factors outlined in ASC 805-10-55-12 through 55-15 when determining the
accounting acquirer, rather than defaulting to the primary beneficiary of the VIE as the accounting acquirer. ASU 2025-03
is effective for annual periods beginning after December 15, 2026, including interim periods within those annual periods,
and early adoption is permitted. We have not early adopted ASU 2025-03 and do not expect the adoption of ASU 2025-03
to have a material impact on our consolidated financial statements.
In November 2024, the FASB issued ASU 2024-04 “Debt with Conversion and Other Options (Subtopic 470-20): Induced
Conversions of Convertible Debt Instruments,” or ASU 2024-04. ASU 2024-04 clarifies the accounting treatment for
settlement of a convertible debt instrument as an induced conversion. ASU 2024-04 is effective on a prospective basis,
with the option for retrospective application, for fiscal years beginning after December 15, 2025. We have not early
adopted ASU 2024-04 and do not expect the adoption of ASU 2024-04 to have a material impact on our consolidated
financial statements.
In November 2024, the FASB issued ASU 2024-03 “Expense Disaggregation Disclosures (Subtopic 220-40):
Disaggregation of Income Statement Expenses,” or ASU 2024-03. ASU 2024-03 requires disclosures in the notes to the
financial statements on specified information about certain costs and expenses for each interim and annual reporting period.
ASU 2024-03 is effective on either a prospective basis, with the option for retrospective application, for annual periods
beginning after December 15, 2026, and for interim periods within fiscal years beginning after December 15, 2027, and
early adoption is permitted. We have not early adopted ASU 2024-03 and do not expect the adoption of ASU 2024-03 to
have a material impact on our consolidated financial statements.
In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax
Disclosures,” or ASU 2023-09. ASU 2023-09 requires additional disaggregated disclosures on an entity’s effective tax rate
reconciliation and additional details on income taxes paid. ASU 2023-09 is effective on a prospective basis, with the option
for retrospective application, for annual periods beginning after December 15, 2024 and early adoption is permitted. The
adoption of ASU 2023-09 in 2025 did not have a material impact on our consolidated financial statements.Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 11, 2026 | Showing above |
| 2024 | Feb 12, 2025 | |
| 2023 | Feb 14, 2024 | |
| 2022 | Feb 8, 2023 | |
| 2021 | Feb 9, 2022 | |
| 2020 | Feb 10, 2021 | |
| 2019 | Feb 11, 2020 | |
| 2018 | Feb 12, 2019 | |
| 2017 | Feb 13, 2018 | |
| 2016 | Feb 14, 2017 | |
| 2015 | Feb 16, 2016 | |
About New Standards Disclosures
New accounting standards disclosures describe recently adopted pronouncements and those not yet effective, along with management's assessment of their expected impact. This section provides an early warning system for upcoming changes to how a company reports its financial results, often years before the new rules take effect.
Key signals: when management describes a not-yet-adopted standard's impact as "material" or "still being evaluated," it signals potential significant changes to reported metrics upon adoption. Watch for standards that affect a company's core operations — for example, revenue recognition changes for software companies or lease accounting changes for retailers with large store footprints. The transition method chosen (full retrospective versus modified retrospective) affects comparability with prior periods. Companies that delay adoption to the latest permitted date may be struggling with implementation complexity. Compare the disclosed impact assessments against peers in the same industry to gauge whether management's expectations are reasonable.