NYSE$BXSL

Blackstone Secured Lending Fund · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

BXSL reported its highest net investment income on a dollar basis and record net asset value per share.

Blackstone Secured Lending Fund reported strong Q3 2024 results, featuring its highest net investment income on a dollar basis and record net asset value per share. Credit performance remained strong with minimal non-accruals. The company received a full-notch credit rating upgrade from Moody’s to Baa2.

  • Net investment income of $186 million, or $0.91 per share.
  • Net income of $152 million, or $0.75 per share.
  • Regular dividend of $0.77 per share, representing a dividend yield of 11.3%.
  • Net asset value of approximately $5.7 billion, or $27.27 per share at quarter-end, an increase of 0.3%.

Headline financials

Total Revenue

-$90.3M

Previous: -$67.5M-33.7%
EPS

$0.75

Previous: $0.95-21.1%
Non-accrual rate

0.2%

Previous: 0.1%+100.0%
Free Cash Flow

$152M

Previous: $171M-11.3%
Net Income

$152M

Previous: $171M-11.3%
Operating Income

-$123M

Previous: -$98.3M-25.4%
Gross Profit

-$90.3M

Previous: -$67.5M-33.7%
Cash & Equivalents

$194M

Previous: $146M+33.2%
Total Assets

$12.4B

Previous: $9.8B+26.2%

Revenue & EPS history

Blackstone Secured Lending Fund · Revenue · Quarterly

-$90.3M

Q3 2024+33.7%vs Q3 2023
Beat estimate in 2 of 14 quarters(14%)
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 Q3 2024

Historical avgQ3 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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