One Landlord Posts Record Occupancy, Another Just Ate $800 Million in Losses
Kimco Realty's Q3 call touted record portfolio occupancy the same week Blackstone Mortgage Trust disclosed $800 million in impairments and a $1 billion sale of legacy office loans.
Blackstone Mortgage Trust (BXMT) took $800 million in impairments and sold $1 billion of legacy office loans in Q3 2026, the same quarter Kimco Realty (KIM) reported record portfolio occupancy and FFO growth.