Blackstone Secured Lending Fund (BXSL) Q4 2024 Earnings Call Transcript
The headline numbers for Blackstone Secured Lending Fund (BXSL) give insight into how the company performed in the quarter ended December 2024, 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 $0.84 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.96 per share a year ago.
BXSL: World-Class BDC With A Great Yield
BXSL and MSDL are both defensive BDCs with a focus on first-lien debt, sharing several similarities. MSDL's valuation is more attractive compared to BXSL, trading closer to its NAV, making it a better value investment with a slightly higher regular dividend yield. I own both BDCs, but despite BXSL's solid performance, I see a greater risk-to-reward ratio in MSDL and will continue reinvesting in it.
The Dividend Harvesting Portfolio has grown to $25,924.57 with a 27.08% return on invested capital and is on track to exceed $2,000 in forward dividend income soon. Recent additions include BP, Verizon, and Blackstone Secured Lending Fund, each chosen for their strong dividend yields and potential for capital appreciation. The portfolio is well-diversified, with individual equities representing 38.44% and generating 27.49% of dividend income, while REITs, ETFs, CEFs, and BDCs make up the rest.
Two 10%+ Yields For Durable Passive Income (One Is My Favorite Pick)
BXSL and GBDC are popular high-yield stocks for retirees. I compare them side-by-side. I share why I think GBDC is the clear winner.
The financial outlook for many BDCs is not promising. Already lower base rates will continue to depress results in Q4 reports. The trajectory for SOFR is not great either.
This week saw market gains and a slight decline in my Dividend Harvesting Portfolio, emphasizing the importance of staying grounded and vigilant in investing. The portfolio's profitability stands at 27.94%, with forward annualized dividend income reaching $1,889.19, showcasing the success of my diversified, income-focused strategy. I added to NEOS S&P 500 High Income ETF and Blackstone Secured Lending Fund, boosting dividend income and positioning for future growth in a lower rate environment.
The S&P 500 is projected to finish between 6,700 and 7,200 in 2025, driven by lower Fed rates and potential corporate tax cuts. The Dividend Harvesting Portfolio reached new all-time highs with a 29.08% return, generating $1,876.88 in forward annualized dividend income. Consistent weekly investments and reinvesting dividends have significantly grown the portfolio, showcasing the power of income investing even with limited capital.
Blackstone Secured Lending Fund (NYSE:BXSL ) Q3 2024 Results Conference Call November 12, 2024 9:30 AM ET Company Participants Stacy Wang - Head, Stakeholder Relations 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 Casey Alexander - Compass Point Robert Dodd - Raymond James Kenneth Lee - RBC Capital Markets Paul Johnson - KBW Mark Hughes - Truist Securities Melissa Wedel - JPMorgan Operator Good day, and welcome to the Blackstone Secured Lending Third Quarter 2024 Investor Call. Today's conference is being recorded.