NYSE$BXSL

Blackstone Secured Lending Fund · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

BXSL reported strong Q4 2024 results, marked by active deployment, record total investment income, and increased net asset value.

Blackstone Secured Lending Fund reported a strong quarter with active deployment and record total investment income. The company's credit performance remained healthy, with minimal non-accruals and a high percentage of first lien senior secured debt portfolio.

  • BXSL's portfolio is designed to provide powerful earnings while mitigating risk across different market environments.
  • The portfolio has remained well-positioned with healthy underlying credit fundamentals and a low percentage of investments on non-accrual.
  • BXSL maintains a consistent, disciplined focus on low-leverage loans to strong sponsors.
  • BXSL's asset-liability structure is efficient.

Headline financials

Total Revenue

$353M

Previous: $304M+16.1%
EPS (adj)

$0.84

Previous: $0.96-12.5%
Investments at fair value

$13.1B

No prior period
NAV per share

$27.39

No prior period
Net Income

$162M

Previous: $157M+3.0%

Revenue & EPS history

Blackstone Secured Lending Fund · Revenue · Quarterly

$353M

Q4 2024+16.1%vs Q4 2023
Beat estimate in 2 of 14 quarters(14%)
ActualEstimate

Forward guidance

We remain confident in the outlook for deployment as we prepare for an active 2025.

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 Q4 2024

Historical avgQ4 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro