NYSE$BXSL

Blackstone Secured Lending Fund · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong first-quarter results, delivering an attractive total return and yield for its investors.

Blackstone Secured Lending Fund reported strong first-quarter results with a net investment income of $103 million, or $0.61 per share, and a net income of $107 million, or $0.63 per share. The company's portfolio is predominantly first lien senior secured floating rate loans. A regular dividend of $0.53 per share was declared, representing an 8% annualized yield on ending net asset value, in addition to special dividends.

  • Net investment income of $103 million, or $0.61 per share, in the quarter.
  • Net income of $107 million, or $0.63 per share, in the quarter.
  • Total dividends of $0.78 per share, resulting in a LTM dividend yield of 8.8%.
  • Net asset value of $4.4 billion, or $26.13 per share at quarter-end.

Headline financials

Total Revenue

$186M

No prior period
EPS (adj)

$0.61

No prior period
Debt-to-equity

1.28

No prior period
NAV per share

$26.13

No prior period
Net Income

$107M

No prior period
Cash & Equivalents

$141M

No prior period
Total Assets

$10.3B

No prior period

Revenue & EPS history

Blackstone Secured Lending Fund · Revenue · Quarterly

$186M

Q1 2022
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.5%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+0.6%

Avg return

30 days after

50%

10 / 20 earnings

Positive

+5.0%

Q2 2022

Best reaction

-4.6%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-3.1%-3.9%
Q4 2025+3.3%+1.5%-1.4%
Q3 2025+0.3%+0.6%+7.0%
Q2 2025-3.1%-2.6%-6.1%
Q1 2025+0.9%+4.0%+8.6%
Q4 2024-3.7%-1.4%-3.1%
Q3 2024-0.5%-0.9%+3.2%
Q2 2024+1.8%+1.7%+1.7%
Q1 2024-1.2%-3.2%-2.6%
Q4 2023-1.1%-0.8%+4.0%
Q3 2023-1.1%-0.8%-0.5%
Q2 2023-4.6%-3.8%-3.2%
Q1 2023-0.9%-1.2%+1.2%
Q4 2020+2.4%+2.4%+2.6%
Q4 2022+2.4%+2.4%+2.6%
Q3 2021+3.9%+5.3%+0.9%
Q3 2022+3.9%+5.3%+0.9%
Q2 2022+5.0%+3.9%+3.5%
Q1 2022+2.8%+1.0%-1.5%
Q4 2021-0.8%+3.1%-2.6%

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