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Blackstone Secured Lending Fund reported strong Q3 2024 results, featuring its highest net investment income on a dollar basis and record net asset value per share. Credit performance remained strong with minimal non-accruals. The company received a full-notch credit rating upgrade from Moody’s to Baa2.
Net investment income of $186 million, or $0.91 per share.
Net income of $152 million, or $0.75 per share.
Regular dividend of $0.77 per share, representing a dividend yield of 11.3%.
Net asset value of approximately $5.7 billion, or $27.27 per share at quarter-end, an increase of 0.3%.