For the quarter ended March 2025, Blackstone Secured Lending Fund (BXSL) reported revenue of $357.76 million, up 17.7% over the same period last year. EPS came in at $0.83, compared to $0.87 in the year-ago quarter.The reported revenue represents a surprise of +0.94% over the Zacks Consensus Estimate of $354.43 million. With the consensus EPS estimate being $0.82, the EPS surprise was +1.22%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...

Blackstone Secured Lending Fund (BXSL) Q1 2025 Earnings Call May 07, 2025 09:30 AM ET Company Participants Justin Farshidi - PrincipalBrad Marshall - Trustee, Chairman & Co-CEOJonathan Bock - Co-Chief Executive OfficerCarlos Whitaker - PresidentTeddy Desloge - CFOMelissa Wedel - Vice President, Equity ResearchHeli Sheth - Equity Research AssociatePaul Johnson - Vice PresidentMaxwell Fritscher - Equity Research Associate Conference Call Participants Finian O'shea - Analyst Operator Thank you for standing by. ...

Blackstone Secured Lending Fund (BXSL) Q1 2025 Earnings Call May 07, 2025 09:30 AM ET Speaker0 Thank you for standing by. You are on hold for the Blackstone Secured Lending First Quarter twenty twenty five Earnings Call. At this time, we are gathering additional participants and should be underway shortly. We appreciate your patience and ask that you continue to hold. Good day, and welcome to the Blackstone Secured Lending First Quarter twenty twenty five Earnings Call. Today's call is being recorded. At th ...

Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.22%. A quarter ago, it was expected that this company would post earnings of $0.86 per share when it actually produced earnings of $0.84, delivering a surprise of -2.33%.Over the last four quarter ...

NEW YORK — May 7, 2025 —Blackstone Secured Lending Fund (NYSE: BXSL or the "Company") today reported its first quarter 2025 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, "Despite recent market volatility, BXSL reported another strong quarter with net investment income per share of $0.83, covering our dividend at 108%. Credit performance remained healthy with minimal non-accruals, underpinned by a 98.2% first lien senior secured debt portfolio ...

FORM 8-K ______________________ CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________ Date of Report (Date of earliest event reported): May 7, 2025 ______________________ (State or other jurisdiction of incorporation) (Commission File Number) Delaware 814-01299 82-7020632 (I.R.S. Employer Identification No.) 345 Park Avenue, 31 st Floor New York, New York 10154 (Address of principal ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission ...

Blackstone Secured Lending Fund (BXSL) shares ended the last trading session 7.9% higher at $28.99. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 16.6% loss over the past four weeks.Blackstone Secured Lending Fund stock rallied, driven by a massive jump in the broad markets. The jump was attributable to President Donald Trump’s announcement of a 90-day tariff pause for the non-retaliating nations. This cheered th ...

Financial Data and Key Metrics Changes - Blackstone Secured Lending Fund reported a net investment income (NII) of $0.84 per share, representing a 12.3% annualized return on equity, primarily derived from contractual income rather than one-time fees [8][33] - The net asset value (NAV) per share increased for the ninth consecutive quarter by $0.12 to $27.39, reflecting stable fundamentals and excess earnings [9][34] - Total investment income for the quarter reached a record high, up $49 million or 16% year over year, driven by increased interest income [33] Business Line Data and Key Metrics Changes - The fund ended the quarter with $13.1 billion of investments at fair value, a 9% increase from $12 billion in Q3 [17] - The weighted average yield on performing debt investments at fair value was 10.4%, down from 11.2% in the previous quarter [19] - 93% of new private debt investments during the quarter were first lien senior secured positions, with average loan-to-values (LTVs) below 40% [24] Market Data and Key Metrics Changes - The liquidity position increased to $2.4 billion, up from $1.1 billion in the previous quarter, indicating strong deal flow expectations for 2025 [18] - The average loan-to-value ratio for the portfolio was near the mid-thirties, with yields ranging between 8% to 10% [13] - The fund's credit quality remained strong, with only 0.3% of investments on nonaccrual cost, significantly lower than the average of traded BDC peers [11] Company Strategy and Development Direction - The company is positioned for an anticipated ramp-up in deal activity throughout 2024, with a positive M&A outlook suggesting recovery from historical lows [15] - The focus remains on high-quality borrowers, leveraging Blackstone's resources to deliver competitive returns compared to traded BDC peers [14] - The strategy includes maintaining a diverse liability profile and optimizing the cost of capital to support increasing activity [38] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future M&A volumes and the deployment picture for 2025, highlighting the potential for increased activity as market conditions improve [27][102] - The company noted that while spreads have tightened, the quality of companies and capital structures financed by private credit continues to improve [15] - Management acknowledged the current market uncertainty but expects a meaningful pickup in M&A activity starting towards the end of the second quarter [60] Other Important Information - The fund maintained its dividend distribution at $0.77 per share, emphasizing a commitment to delivering high-quality yield to shareholders [27] - The company has a strong focus on first lien senior secured debt, which is viewed as a defensive investment strategy [22] - The fund's inaugural CLO priced at SOFR plus 154 basis points, marking the tightest spread on senior-most notes of any middle market private credit CLO issued since 2021 [40] Q&A Session Summary Question: What percentage of new originations is from the existing Blackstone ecosystem? - Over half of the deals in Q4 were from existing portfolio companies or had some level of incumbency, showcasing the company's ability to originate during slower market periods [45] Question: Will there be a lean towards the core middle market segment? - The company has a significant presence in the core middle market and has seen better relative value there, indicating a potential shift towards this segment [55] Question: What is the exposure to upcoming tariff impacts? - The overall exposure to tariffs is estimated to be mid-single digits, with a focus on monitoring industries that could be affected [67] Question: Can you provide insight on the mark for Medallia? - The mark reflects slower growth into its capital structure, but EBITDA has tripled since the investment, indicating a high-quality product despite pricing pressure [74] Question: What is the outlook for new investment spreads? - Spreads are expected to remain stable, with a chance of tightening in the near term, while the medium term may see widening as M&A activity picks up [60] Question: How is competition in the upper end of the market changing? - There has been increased activity in the public markets, leading to a shift in focus towards the upper end of the middle market for better opportunities [94]

For the quarter ended December 2024, Blackstone Secured Lending Fund (BXSL) reported revenue of $353 million, up 16.1% over the same period last year. EPS came in at $0.84, compared to $0.96 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $345.58 million, representing a surprise of +2.15%. The company delivered an EPS surprise of -2.33%, with the consensus EPS estimate being $0.86.While investors scrutinize revenue and earnings changes year-over-year and how they com ...