Blackstone Secured Lending Fund (NYSE:BXSL) Posts Earnings Results, Beats Expectations By $0.09 EPS

Blackstone Secured Lending Fund (NYSE:BXSL) posted its quarterly earnings data on Thursday. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09, Zacks reports. Blackstone Secured Lending Fund had a return on equity of 11.74% and a net margin of 21.51%.The firm had revenue of $233.30 million during the quarter, compared to analysts’ expectations of $326.72 million.

Here are the key takeaways from Blackstone Secured Lending Fund’s conference call:

• Repayments accelerated, reaching an annualized 21% of the portfolio at fair value versus 13% in Q1, generating more than $700 million of liquidity and potential pull-to-par gains as assets mature.
• BXSL deployed over $300 million into five new borrowers, with management citing lower leverage, lower loan-to-values and wider spreads; executives also remain constructive on improving M&A and deal activity.
• Net investment income was $0.75 per share, below the $0.77 dividend, and management said it is using undistributed earnings as a temporary bridge while evaluating a lower long-term dividend amid lower base rates and maturing investments.
• NAV per share declined 2.8% to $25.53, driven by $0.59 per share of unrealized losses and $0.12 of realized losses; the portfolio mark fell to 95.2 amid spread widening and weakness in selected assets, although non-accruals improved and no new assets were added.

Blackstone Secured Lending Fund Price Performance

BXSL traded up $0.39 on Friday, reaching $24.54. 2,088,776 shares of the stock were exchanged, compared to its average volume of 1,593,497. The company’s 50-day moving average price is $23.61 and its 200 day moving average price is $24.07. The firm has a market capitalization of $5.71 billion, a PE ratio of 19.32 and a beta of 0.38. Blackstone Secured Lending Fund has a fifty-two week low of $22.47 and a fifty-two week high of $30.69.

Blackstone Secured Lending Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $3.08 dividend on an annualized basis and a yield of 12.6%. Blackstone Secured Lending Fund’s payout ratio is currently 161.26%.

Analysts Set New Price Targets

Several brokerages have weighed in on BXSL. UBS Group lowered their price target on Blackstone Secured Lending Fund from $24.75 to $24.50 and set a “neutral” rating for the company in a report on Monday, May 18th. Royal Bank Of Canada cut their price objective on shares of Blackstone Secured Lending Fund from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Wells Fargo & Company decreased their price objective on shares of Blackstone Secured Lending Fund from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered their target price on shares of Blackstone Secured Lending Fund from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Finally, Truist Financial dropped their target price on shares of Blackstone Secured Lending Fund from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.78.

Trending Headlines about Blackstone Secured Lending Fund

Here are the key news stories impacting Blackstone Secured Lending Fund this week:

• Positive Sentiment: BXSL reported net investment income of $0.75 per share, surpassing the $0.66 analyst consensus, while return on NAV remained steady. The portfolio also recorded no new non-accrual investments, suggesting credit performance remains stable. Blackstone Secured Lending turns in solid Q2 results with return on NAV holding steady
• Positive Sentiment: The company’s portfolio remains heavily weighted toward first-lien senior secured debt, which represented 96.8% of investments at fair value. Non-accrual investments were limited to 1.8%, and BXSL had approximately $2.8 billion of liquidity at quarter-end. Blackstone Secured Lending Fund Reports Second-Quarter 2026 Results
• Positive Sentiment: BXSL declared a quarterly dividend of $0.77 per share, payable October 23 to shareholders of record September 30. At the reported share price, that equates to an annualized yield of roughly 12.7%, supporting the stock’s income appeal.
• Neutral Sentiment: Zacks Research upgraded BXSL from “strong sell” to “hold,” indicating a less negative view but not a bullish recommendation.
• Negative Sentiment: Despite the earnings beat, quarterly net income fell sharply to approximately $9 million, or $0.04 per share. Reported revenue of $233.3 million was also below the $326.7 million consensus estimate, highlighting pressure on overall profitability. Blackstone Secured Lending Fund Surpasses Q2 Earnings Estimates
• Negative Sentiment: An analysis argues investors should prepare for a potential dividend reset. Although the current payout was maintained, lower earnings and changing interest-rate conditions could make the high dividend less sustainable or lead to reduced distributions. Blackstone Secured Lending: Get Ready For A Dividend Reset

Insider Buying and Selling at Blackstone Secured Lending Fund

In other news, insider Robert J. Bass acquired 2,095 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $23.80 per share, with a total value of $49,861.00. Following the completion of the acquisition, the insider owned 25,107 shares of the company’s stock, valued at approximately $597,546.60. This trade represents a 9.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On Blackstone Secured Lending Fund

Large investors have recently bought and sold shares of the company. Osterweis Capital Management Inc. acquired a new position in Blackstone Secured Lending Fund in the 4th quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. purchased a new position in Blackstone Secured Lending Fund during the 4th quarter worth approximately $70,000. Ankerstar Wealth LLC purchased a new position in Blackstone Secured Lending Fund during the 4th quarter worth approximately $79,000. Garton & Associates Financial Advisors LLC acquired a new stake in Blackstone Secured Lending Fund during the 4th quarter valued at approximately $167,000. Finally, Prosperity Consulting Group LLC acquired a new stake in Blackstone Secured Lending Fund during the 3rd quarter valued at approximately $214,000. Hedge funds and other institutional investors own 36.49% of the company’s stock.

About Blackstone Secured Lending Fund

Blackstone Secured Lending Fund (NYSE: BXSL) is a closed-end management investment company sponsored by Blackstone Credit, the credit-oriented business of Blackstone Inc Launched in May 2020, BXSL seeks to deliver attractive risk-adjusted returns primarily through current income and, to a lesser extent, capital appreciation. The fund raises capital from institutional and retail investors and deploys it into a diversified portfolio of senior secured loans and other credit instruments.

The fund’s principal investment focus is on first-lien senior secured loans and unitranche debt extended to middle-market companies across North America.