Blackstone Secured Lending Fund Q3 2023 Earnings Report

Reported strong results driven by solid credit performance, growth in net asset value, and attractive investment income, benefiting from sustained higher rates on a predominantly floating rate investment portfolio.

Key Takeaways

Blackstone Secured Lending Fund reported strong third quarter results with solid credit performance and growth in net asset value. The company's performance was supported by its predominantly first lien portfolio and a minimal non-accrual rate.

Net investment income of $0.95 per share in the quarter.

Portfolio is well positioned with investments in companies with solid fundamentals and only 1 issuer on non-accrual.

BXSL is designed to protect capital with a senior secured debt focus.

Increased dividend supported by strong earnings power.