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Blackstone Secured Lending Fund (BXSL) Q2 Earnings Lag Estimates
ZACKS· 2024-08-07 12:57
Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.11%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.87, delivering a surprise of -5.43%. Over the last four quar ...
Blackstone Secured Lending Fund(BXSL) - 2024 Q2 - Earnings Call Presentation
2024-08-07 12:10
1 Blackstone Secured Lending Fund Reports Second Quarter 2024 Results NEW YORK — August 7, 2024 — Blackstone Secured Lending Fund (NYSE: BXSL, or the "Company") today reported its second quarter 2024 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, "BXSL reported the best quarterly earnings on a dollar basis, the highest net asset value per share, and the most active quarter for originations since our IPO in 2021. Credit performance remains stro ...
Blackstone Secured Lending Fund(BXSL) - 2024 Q2 - Quarterly Results
2024-08-07 10:28
Exhibit 99.1 Blackstone Lending Blackstone Secured Lending Fund Reports Second Quarter 2024 Results NEW YORK — August 7, 2024 — Blackstone Secured Lending Fund (NYSE: BXSL, or the "Company") today reported its second quarter 2024 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, "BXSL reported the best quarterly earnings on a dollar basis, the highest net asset value per share, and the most active quarter for originations since our IPO in 2021. C ...
Blackstone Secured Lending Fund(BXSL) - 2024 Q2 - Quarterly Report
2024-08-07 10:14
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 June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission F ...
Dividend Harvesting Portfolio Week 177: $17,700 Allocated, $1,594.04 In Projected Dividends
Seeking Alpha· 2024-07-25 13:00
Portfolio Performance and Strategy - The Dividend Harvesting Portfolio has experienced ups and downs, including a -12.65% decline in week 83, but has consistently generated dividend income and achieved a 17.49% ROI on invested capital by week 177 [2][12] - The portfolio is designed to mitigate downside risk and generate recurring income, with a secondary goal of capital appreciation, and is highly diversified across sectors to benefit from market rebalancing [2][8] - The portfolio has generated $33.49 in dividend income in a single week, with a 2024 weekly average of $27.53, and is on track to exceed $100 in weekly dividend income in 2024 [4][5] Sector Allocation and Income Distribution - REITs, ETFs, CEFs, and BDCs make up 61.37% of the portfolio and generate 71.87% of the forward income, while individual equities represent 38.63% of the portfolio and generate 28.13% of the dividend income [25] - The portfolio is diversified across sectors, with REITs (19.58%), ETFs (18.95%), and Closed End Funds (13.27%) being the largest allocations, while maintaining a cap of 20% per sector to mitigate downside risk [19][8] - The top 10 holdings represent 31.58% of the portfolio and are projected to generate 30.60% of the annualized dividend income, with a forward yield of 9.06% [28] Key Holdings and Recent Additions - Altria Group (MO) has rallied 22.61% to $49.45 and is now the first position in the portfolio to exceed $1,000 in value, with a yield of 7.93% [27][21] - Blackstone Secured Lending Fund (BXSL) and NEOS NASDAQ-100(R) High Income ETF (QQQI) were added to in week 177, with BXSL generating a 10.18% yield and QQQI projected to pay $7.25 per share in dividends annually [10][29] - The portfolio has 32 positions generating at least 1 share annually from dividends, with an expected $116.60 in additional dividend income from new shares [6] Dividend Growth and Compounding - The portfolio has grown from $97.44 in forward dividend income in week 1 to $1,594.04 by week 177, with a projected $1,600 by the end of July and $1,650 by the end of summer [11][12] - In 2024, the portfolio has collected $798.43 in dividend income from 386 dividends, representing 81.80% of 2023's total dividend income from 58.48% of the dividends produced [16] - The power of compounding is expected to accelerate, with $2,000 and $3,000 in forward dividend income being achieved much quicker than the initial $1,400 milestone [12]
2 Big Yields From An Undervalued REIT And Growing BDC
Seeking Alpha· 2024-05-12 12:15
Andy Roberts/iStock via Getty Images Growing one’s nest egg can be a fun journey, especially when one has extra capital to deploy from recurring dividends. This could be a solid supplement to contributing a portion of one’s own paycheck on a regular basis, and the extra dividend income could also provide extra cushion for life events such as vacations or in the unfortunate case of a job loss. With the S&P 500 (SPY) again nearing its all-time high, those investing in the index today won’t likely see mean ...
Blackstone Secured Lending Fund(BXSL) - 2024 Q1 - Earnings Call Presentation
2024-05-08 14:51
PORTFOLIO CONSTRUCTION 17% Broad industry representation with largest exposures in software, health care providers & services, professional services and commercial services & supplies Top Ten Portfolio Companies(1)(2) Top Ten Industries(1)(3) (as of March 31, 2024) | --- | --- | --- | --- | |--------------------------------------------------------|----------------------------------------------|----------------------------------------------|-------| | | Donuts, 3% Snoopy Bidco, 3% \nGuidehouse, 3% | Software ...
Blackstone Secured Lending Fund (BXSL) Misses Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-08 13:56
Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.43%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.96, delivering a surprise of 4.35%.Over the last four quarter ...
Blackstone Secured Lending Fund(BXSL) - 2024 Q1 - Quarterly Results
2024-05-08 10:27
For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of BXSL's website at https://ic.bssl.com. Investors Stacy Wang, Head of Stakeholder Relations Blackstoneshareholderrelations@blackstone.com +1888-756-8443 MAY 8, 2024 This presentation should be read in conjunction with BXSL's latest quarterly report filed on Form 10-Q for the period ended March 31, 2024. Numbers are approximate and may not add up due to rounding. 98.5% of investments are first lien, ...
Blackstone Secured Lending Fund(BXSL) - 2024 Q1 - Quarterly Report
2024-05-08 10:18
* Filed herewith Date: May 8, 2024 /s/ Brad Marshall Brad Marshall Co-Chief Executive Officer (Principal Executive Officer) Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. The 2026 Notes will mature on January 15, 2026 and may be redeemed in whole or in part at the Company's option at any time or from time to time at the redemption prices set forth in the 2026 ...