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Jun 30, 2023
Blackstone Secured Lending Fund Q2 2023 Earnings Report
Reported strong results with record net investment income and growth in net asset value.
Key Takeaways
Blackstone Secured Lending Fund reported strong second quarter results, marked by record net investment income, growth in net asset value, and healthy credit performance. The company announced a 10% increase in the regular quarterly distribution to $0.77 per share.
Net investment income was $171 million, or $1.06 per share, up 14% from the prior quarter.
Net income was $145 million, or $0.90 per share, up 5% from the prior quarter.
The regular dividend increased by 10% from $0.70 per share to $0.77 per share.
Net asset value was $4.4 billion, or $26.30 per share at quarter-end.
Forward Guidance
The company announced a 10% increase of the regular quarterly distribution to $0.77 per share, which represents an annualized yield of 11.7% based on second quarter net asset value per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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