Loading...
•
Sep 30
Blackstone Secured Lending Fund Q3 2025 Earnings Report
reported strong third-quarter results with record net investment income and active portfolio deployment
Key Takeaways
Blackstone Secured Lending Fund delivered a robust Q3 2025, with net investment income reaching a record $189 million, comfortably covering the dividend. The company executed over $1 billion in new investments, maintaining a high-quality portfolio with minimal non-accruals.
Net investment income hit a record $189 million or $0.82 per share
Net income for the quarter was $132 million
New investment commitments reached $1.3 billion, with $1 billion funded
Non-accrual debt investments remained low at 0.1% of total investments
Blackstone Secured Lending Fund
Blackstone Secured Lending Fund
Blackstone Secured Lending Fund Revenue by Segment
Revenue by Segment
Interest Income Revenue
CapyFin.comDividend Income Revenue
CapyFin.comFee Income Revenue
CapyFin.com Forward Guidance
BXSL remains confident in its positioning, backed by healthy fundamentals and robust investment activity.
Positive Outlook
- Record net investment income supports future dividend sustainability
- High percentage of senior secured, floating-rate investments (97.5%)
- Low non-accruals point to portfolio strength
- Strong liquidity of $2.5 billion ensures flexibility
- Market environment presents active deployment opportunities
Challenges Ahead
- Decline in weighted average yield on new investments to 9.3%
- Slight decrease in net income from prior quarters
- NAV per share dipped slightly from $27.33 to $27.15
- Continued market volatility could impact deployment pace
- Compression in interest rate spreads may pressure yields