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Blackstone Secured Lending Fund (BXSL)
NYSE:BXSL
RESEARCH TOOLSreports
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.82Last Year’s EPS
0.87Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -0.77%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a strong quarter with record total investment income, increased net asset value, and strong credit performance. However, there were some concerns with a decline in weighted average yield and a slow start in new M&A activity. Despite these challenges, the overall sentiment remains positive due to the firm's strong financial performance and strategic positioning.Company Guidance
During the Blackstone Secured Lending Fund's fourth-quarter and full-year 2024 investor call, the company reported record total investment income with a net investment income (NII) of $0.84 per share, representing a 12.3% annualized return on equity. The fund's net asset value (NAV) per share increased for the ninth consecutive quarter by $0.12 to $27.39. Blackstone issued nearly $1.2 billion in new debt through CLOs and bonds at a weighted average spread of 154 basis points over SOFR and upsized revolving lines of credit by $850 million. The fund reported strong credit performance with only 0.3% of investments on nonaccrual cost and 0.2% at fair market value, well below the sector average. In the fourth quarter, Blackstone made $1.2 billion in investment commitments and $1.4 billion in new investment funding, with yields ranging between 8% to 10% and a three-year all-in spread of 520 basis points. The fund maintains a diverse liability profile and ended the quarter with $13.1 billion in investments at fair value, a 9% increase from the previous quarter, while increasing liquidity to $2.4 billion. The fund's dividend distribution remains steady at $0.77 per share. The company anticipates a positive M&A outlook for 2025, supported by improved cost of capital and favorable market conditions.Record Total Investment Income
Blackstone Secured Lending Fund reported a record total investment income for the fourth quarter, with net investment income of $0.84 per share, representing a 12.3% annualized return on equity.
Increase in Net Asset Value
Net asset value per share increased for the ninth consecutive quarter by $0.12 to $27.39.
Strong Credit Performance
Credit quality remained strong with 0.3% of investments on nonaccrual cost, well below the average of traded BDC peers.
Successful New Debt Issuance
Issued nearly $1.2 billion of new debt through CLOs with a weighted average spread of 154 basis points over SOFR.
Increased Liquidity Position
Liquidity position increased to $2.4 billion, up from $1.1 billion last quarter, indicating strong deal flow expectations for 2025.
Strong Portfolio Performance
Portfolio companies showed growth rates in line or higher with the broader private credit market, with over 20% more profitability on an LTM EBITDA margin basis.
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BXSL Earnings History
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 |
|---|---|---|---|
| Feb 26, 2025 | $33.97 | $32.73 | -3.65% |
| 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% |
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 May 07, 2025, TBA Not Confirmed.
What is Blackstone Secured Lending Fund (BXSL) earnings time?
Blackstone Secured Lending Fund (BXSL) earnings time is at May 07, 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 2025 (Q1) is 0.82.
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