NYSE$BXSL
Blackstone Secured Lending Fund · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported robust results with strong credit performance, growth in net asset value, and rising investment income.
Blackstone Secured Lending Fund reported a strong first quarter in 2023, with net investment income exceeding the quarterly dividend, growth in net asset value, and solid credit performance. The dividend was increased 17% last quarter and has increased over 30% since the Fund’s IPO in late 2021.
- Net investment income of $0.93 per share, up 3% from the prior quarter.
- Net income of $139 million, or $0.86 per share, up 13% from the prior quarter.
- Regular dividend of $0.70 per share, resulting in a dividend yield of 10.7%.
- Fair value of investments was approximately $9.6 billion.
Headline financials
Revenue & EPS history
Blackstone Secured Lending Fund · Revenue · Quarterly
-$64.7M
Forward guidance
The company is well-positioned with investments in companies with solid fundamentals and only 1 issuer on non-accrual. BXSL is designed to protect capital in challenging times with a senior secured focus. The Board of Trustees has declared a second quarter 2023 dividend of $0.70 per share.
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 2023
+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
| Quarter | Report date | Reaction (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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