Blackstone Secured Lending Fund Q1 2022 Earnings Report

Reported strong first-quarter results, delivering an attractive total return and yield for its investors.

Key Takeaways

Blackstone Secured Lending Fund reported strong first-quarter results with a net investment income of $103 million, or $0.61 per share, and a net income of $107 million, or $0.63 per share. The company's portfolio is predominantly first lien senior secured floating rate loans. A regular dividend of $0.53 per share was declared, representing an 8% annualized yield on ending net asset value, in addition to special dividends.

Net investment income of $103 million, or $0.61 per share, in the quarter.

Net income of $107 million, or $0.63 per share, in the quarter.

Total dividends of $0.78 per share, resulting in a LTM dividend yield of 8.8%.

Net asset value of $4.4 billion, or $26.13 per share at quarter-end.