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Blackstone Secured Lending Fund (BXSL)
NYSE:BXSL
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Blackstone Secured Lending Fund (BXSL) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Mar 03, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
$0.85
Last Year’s EPS
$0.96
Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Nov 12, 2024
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% Change Since: 3.71%
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Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Positive
The earnings call demonstrated a strong performance with significant increases in net investment income, net asset value, and a very low nonaccrual rate. The upgrade in credit rating and record commitments and fundings also highlight positive trends. However, there are concerns about decreased yields due to tightened spreads and lower rates. Overall, the positive highlights outweigh the concerns, projecting an optimistic outlook.
Company Guidance
During the Blackstone Secured Lending Fund's third quarter 2024 earnings call, the management team provided optimistic guidance, highlighting robust financial metrics and growth prospects. The fund reported a net investment income (NII) of $0.91 per share, translating to a 13.4% annualized return on equity, an increase from $0.89 per share in the previous quarter. The net asset value (NAV) per share rose by $0.08 to $27.27. The dividend of $0.70 per share was well-covered at 118%, offering an 11.3% annualized yield. The portfolio's weighted average yield on performing debt investments stood at 11.2%, with a minimal 0.2% of investments on non-accrual at cost. The quarter also marked significant milestones, including a Moody's credit rating upgrade from BAA3 to BAA2, positioning Blackstone as the only manager with two BDCs at this rating level. The fund achieved $1.1 billion in new commitments and $956 million in fundings, marking the highest funding quarter since 2021. The company expressed confidence in a potential "super cycle" for M&A activity in 2025, driven by improved economic conditions and lower interest rates, which they believe will enhance deployment and repayment opportunities.
Strong Net Investment Income
BXSL reported a net investment income (NII) of $0.91 per share, representing a 13.4% annualized return on equity, up from $0.89 per share in the prior quarter.
Increase in Net Asset Value
Net asset value per share increased by $0.08 to $27.27 from $27.19 last quarter.
Low Nonaccrual Rate
BXSL maintained a low nonaccrual rate of 0.2% at cost, compared to traded BDC peers' average of 2.8%.
Moody's Credit Rating Upgrade
Moody's upgraded the credit ratings for both BXSL and their nontraded BDC from Baa3 to Baa2.
Record Quarter for New Commitments and Fundings
BXSL ended the quarter with $1.1 billion in new commitments and $956 million in fundings, marking the highest quarter of fundings since 2021.
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Blackstone Secured Lending Fund (BXSL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

BXSL Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Mar 03, 20252024 (Q4)
0.85 / -
0.96
Nov 12, 20242024 (Q3)
0.90 / 0.91
0.95-4.21% (-0.04)
Aug 07, 20242024 (Q2)
0.90 / 0.89
1.06-16.04% (-0.17)
May 08, 20242024 (Q1)
0.92 / 0.87
0.93-6.45% (-0.06)
Feb 28, 20242023 (Q4)
0.93 / 0.96
0.96.67% (+0.06)
Nov 08, 20232023 (Q3)
0.98 / 0.95
0.818.75% (+0.15)
Aug 09, 20232023 (Q2)
0.98 / 1.06
0.6270.97% (+0.44)
May 10, 20232023 (Q1)
0.92 / 0.93
0.6152.46% (+0.32)
Feb 27, 20232022 (Q4)
0.88 / 0.90
0.6734.33% (+0.23)
Nov 10, 20222022 (Q3)
0.69 / 0.80
0.6326.98% (+0.17)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BXSL Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 12, 2024$30.42$30.15-0.89%
Aug 07, 2024$28.00$28.60+2.14%
May 08, 2024$29.97$29.47-1.67%
Feb 28, 2024$27.13$26.84-1.07%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Blackstone Secured Lending Fund (BXSL) report earnings?
Blackstone Secured Lending Fund (BXSL) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
    What is Blackstone Secured Lending Fund (BXSL) earnings time?
    Blackstone Secured Lending Fund (BXSL) earnings time is at Mar 03, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is BXSL EPS forecast?
          BXSL EPS forecast for the fiscal quarter 2024 (Q4) is $0.85.
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