BXSL Stock Recent News

Blackstone Secured Lending offers a high, well-covered 9.8% dividend yield, making it an attractive pick for income-focused investors in a frothy market. BXSL's portfolio is anchored in first-lien senior secured debt, with a low non-accrual rate and support from Blackstone's robust ecosystem, enabling scale and strategic advantages. Q3 results show strong portfolio growth, robust dividend coverage, and consistent NAV per share expansion, supported by a conservative balance sheet and raised investment-grade credit rating.

When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would see elevated volatility levels and falling NII results. While the actual results have been mostly positive for high-quality BDCs (and even for some speculative picks), many risks remain open.

Blackstone Secured Lending showed strong growth during recent earnings, with solid net asset value and income increases, positioning it well to be a long-term investment. BXSL's high first-lien loan exposure and low non-accrual rates highlight its strong credit quality and management's underwriting ability. BXSL's 118% dividend coverage and attractive P/NAV ratio of 1.16x make it a compelling buy despite trading at a premium.

Blackstone Secured Lending Fund boasts robust dividend coverage, a low non-accrual ratio, and a 15% premium to NAV, making it a top BDC choice. BXSL's investment portfolio, primarily floating-rate First Liens, is well-diversified across low-volatility sectors like Software, Healthcare, and Professional Services. Despite potential interest rate cuts, BXSL's high excess portfolio income ensures a safe 10% yield and potential for dividend hikes.

Blackstone Secured Lending remains a top pick in the BDC space for income-oriented investors due to its defensive portfolio and solid dividend coverage. Despite another interest rate cut, BXSL's regular dividend payments are expected to withstand several more, maintaining decent coverage. BXSL's valuation has slightly increased, but it still offers moderate upside potential.

BXSL has been one of the best-performing BDCs of the past few years. I think MSDL is poised to experience similar outperformance moving forward. In this article, I explain why.

Blackstone Secured Lending Fund (NYSE:BXSL ) Q3 2024 Results Conference Call November 12, 2024 9:30 AM ET Company Participants Stacy Wang - Head, Stakeholder Relations Brad Marshall - Chairman and Co-Chief Executive Officer Jonathan Bock - Co-Chief Executive Officer Carlos Whitaker - President Teddy Desloge - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Securities Casey Alexander - Compass Point Robert Dodd - Raymond James Kenneth Lee - RBC Capital Markets Paul Johnson - KBW Mark Hughes - Truist Securities Melissa Wedel - JPMorgan Operator Good day, and welcome to the Blackstone Secured Lending Third Quarter 2024 Investor Call. Today's conference is being recorded.

Although the revenue and EPS for Blackstone Secured Lending Fund (BXSL) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.95 per share a year ago.

NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE: BXSL or the “Company”) today reported its third quarter 2024 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, “BXSL reported its highest net investment income on a dollar basis and record net asset value per share, along with another active quarter of both commitments and fundings. Credit performance remained strong with minimal non-accruals, underpinned by a 98.7% fi.