Blackstone Secured Lending offers a compelling 12% dividend yield and trades at an attractive valuation after a recent share price pullback. BXSL faces interest rate headwinds as lower rates reduce loan yields, but portfolio growth and efficiency gains may help offset this pressure. Q3 results exceeded Wall Street forecasts, with total investment income rising 5% year-over-year despite a decline in average loan yields.
The headline numbers for Blackstone Secured Lending Fund (BXSL) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.8 per share. This compares to earnings of $0.91 per share a year ago.
BDC earnings are exposed to interest rate cut risks. There is nothing that the managers can do to avoid it. Instead, they can try to mitigate it through balance sheet strength, equity investments, and well-covered dividends.
Blackstone Secured Lending Fund. (NYSE:BXSL ) Q2 2025 Earnings Conference Call August 6, 2025 9:30 AM ET Company Participants Brad Marshall - Trustee, Chairman & Co-CEO Carlos Whitaker - President Jonathan Gerald Bock - Co-Chief Executive Officer Stacy Wang - Head of Stakeholder Relations Teddy Desloge - Chief Financial Officer Conference Call Participants Arren Saul Cyganovich - Truist Securities, Inc., Research Division Casey Jay Alexander - Compass Point Research & Trading, LLC, Research Division Finian Patrick O'Shea - Wells Fargo Securities, LLC, Research Division Melissa Wedel - JPMorgan Chase & Co, Research Division Robert James Dodd - Raymond James & Associates, Inc., Research Division Operator Good day, and welcome to the Blackstone Secured Lending Second Quarter 2025 Earnings Call.
The headline numbers for Blackstone Secured Lending Fund (BXSL) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.89 per share a year ago.
With inflation sticky and rate cuts unlikely in 2024, investors should consider repositioning into high-yield stocks to offset volatility. Ares Capital (ARCC) and Blackstone Secured Lending (BXSL) offer strong fundamentals, high yields, and benefit from higher-for-longer interest rates. Verizon (VZ) and Realty Income (O) provide attractive yields and blue-chip stability, despite near-term headwinds from elevated rates.
BXSL is a top-tier BDC, which trades at a 15% premium to NAV. This implies almost a 20% valuation spread compared to the average BDC. The question is whether it makes sense to buy the BDC at this price.
Blackstone Secured Lending fund is a BDC that lends money to private companies. It has a 10% yield despite having a low-risk portfolio (compared to other BDCs). Its net interest income continues growing at a time when other BDCs are experiencing issues, while its earnings have declined less than at similar funds.
Blackstone Secured Lending Fund (NYSE:BXSL ) Q1 2025 Earnings Conference Call May 7, 2025 9:30 AM ET Company Participants Justin Farshidi - Principal, Blackstone Credit and Insurance Brad Marshall - Chairman and Co-Chief Executive Officer Jonathan Bock - Co-Chief Executive Officer Carlos Whitaker - President Teddy Desloge - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Securities Melissa Wedel - JPMorgan Paul Johnson - KBW Maxwell Fritzsche - Truist Operator Welcome to the Blackstone Secured Lending First Quarter 2025 Earnings Call. [Operator Instructions].
Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.87 per share a year ago.