NYSE$BXSL

Blackstone Secured Lending Fund · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported strong net investment income, increased net asset value, higher net income per share, and continued healthy credit performance.

Blackstone Secured Lending Fund reported strong first quarter results with a focus on senior secured debt and healthy credit performance. The company saw increased investment commitments and remains optimistic about its portfolio positioning.

  • Net investment income of $0.87 per share in the quarter.
  • Net income of $0.96 per share in the quarter.
  • Regular dividend of $0.77 per share, representing a dividend yield of 11.5%.
  • New investment commitments in the quarter of $1.2 billion at par, $719 million funded.

Headline financials

Total Revenue

-$63.2M

Previous: -$64.7M+2.3%
EPS

$0.96

Previous: $0.93+3.2%
Non-accrual rate

0.1%

Previous: 0.1%-28.6%
Free Cash Flow

$184M

Previous: $139M+32.4%
Net Income

$184M

Previous: $139M+32.4%
Operating Income

-$92.3M

Previous: -$95M+2.9%
Gross Profit

-$63.2M

Previous: -$64.7M+2.3%
Cash & Equivalents

$148M

Previous: $103M+43.3%
Total Assets

$10.7B

Previous: $9.85B+8.7%

Revenue & EPS history

Blackstone Secured Lending Fund · Revenue · Quarterly

-$63.2M

Q1 2024-2.3%vs Q1 2023
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Forward guidance

We remain optimistic about BXSL’s portfolio positioning and opportunity set ahead.

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 2024

Historical avgQ1 2024

+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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