NYSE$BXSL

Blackstone Secured Lending Fund · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Blackstone Secured Lending Fund reported second quarter 2022 results, showcasing a high-quality business designed to withstand challenging environments and deliver attractive, dependable dividends.

Blackstone Secured Lending Fund reported a net investment income of $105 million, or $0.62 per share, and a net income of $80 million, or $0.47 per share, for the second quarter of 2022. The company's portfolio fair market value was $10.1 billion at quarter-end, with a weighted average yield on debt at fair value of 7.8%.

  • Net investment income of $105 million, or $0.62 per share, in the quarter.
  • Net income of $80 million, or $0.47 per share, in the quarter.
  • Total portfolio fair market value of $10.1 billion at quarter-end.
  • Weighted average yield on debt at fair value of 7.8% at quarter end.

Headline financials

Total Revenue

$187M

No prior period
EPS (adj)

$0.62

No prior period
Debt-to-equity

1.34

No prior period
Net Income

$80M

No prior period
Cash & Equivalents

$169K

No prior period
Total Assets

$10.4B

No prior period

Revenue & EPS history

Blackstone Secured Lending Fund · Revenue · Quarterly

$187M

Q2 2022
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Forward guidance

Despite potential headwinds in the economy, the outlook for shareholders is bright, given a portfolio that is well positioned for this environment and significant earnings growth potential from higher interest rates.

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 Q2 2022

Historical avgQ2 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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