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XNYSBXSL
Market cap7.15bUSD
Dec 24, Last price  
33.01USD
1D
1.60%
1Q
10.25%
IPO
13.83%
Name

Blackstone Secured Lending Fund

Chart & Performance

D1W1MN
XNYS:BXSL chart
P/E
11.69
P/S
6.25
EPS
2.82
Div Yield, %
6.12%
Shrs. gr., 5y
11.95%
Rev. gr., 5y
225.66%
Revenues
1.14b
+194.87%
3,122,000147,583,000389,124,000473,345,000387,804,0001,143,517,000
Net income
612m
+51.26%
-2,944,000106,206,000218,638,000460,422,000404,556,000611,951,000
CFO
459m
-31.82%
-349,777,000-2,558,285,000-2,320,165,000-3,828,514,000672,948,000458,815,000
Dividend
Sep 30, 20240.77 USD/sh
Earnings
Feb 26, 2025

Profile

Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, the Fund elected to be treated for U.S. federal income tax purposes, as a regulated investment company (“RIC”), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The fund also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The fund's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective primarily through originated loans, equity and other securities, including syndicated loans, of private U.S. companies, specifically small and middle market companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities.
IPO date
Oct 28, 2021
Employees
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑12
Income
Revenues
1,143,517
194.87%
387,804
-18.07%
473,345
21.64%
Cost of revenue
206,397
165,076
153,058
Unusual Expense (Income)
NOPBT
937,120
222,728
320,287
NOPBT Margin
81.95%
57.43%
67.66%
Operating Taxes
16,795
1,386
2,438
Tax Rate
1.79%
0.62%
0.76%
NOPAT
920,325
221,342
317,849
Net income
611,951
51.26%
404,556
-12.13%
460,422
110.59%
Dividends
(437,966)
(423,441)
(253,776)
Dividend yield
9.45%
11.41%
5.17%
Proceeds from repurchase of equity
665,260
(264,624)
981,102
BB yield
-14.36%
7.13%
-19.97%
Debt
Debt current
5,527,715
5,498,633
Long-term debt
4,911,930
5,527,715
5,498,633
Deferred revenue
5,750,029
5,730,062
Other long-term liabilities
(5,365,935)
(5,498,633)
Net debt
(5,111,367)
1,306,910
1,039,008
Cash flow
Cash from operating activities
458,815
672,948
(3,828,514)
CAPEX
Cash from investing activities
(178,069)
212,408
(4,089,908)
Cash from financing activities
(432,161)
(648,179)
3,713,400
FCF
6,068,683
217,357
(5,095,493)
Balance
Cash
154,857
131,272
102,879
Long term investments
9,868,440
9,617,248
9,855,379
Excess cash
9,966,121
9,729,130
9,934,591
Stockholders' equity
250,214
9,806,955
10,247,772
Invested Capital
9,875,838
11,295,829
5,807,936
ROIC
8.69%
2.59%
7.68%
ROCE
9.25%
1.46%
2.06%
EV
Common stock shares outstanding
167,615
166,073
144,510
Price
27.64
23.67%
22.35
-34.26%
34.00
 
Market cap
4,632,891
24.82%
3,711,730
-24.46%
4,913,344
 
EV
(478,476)
10,540,776
11,550,291
EBITDA
937,120
301,792
152,761
EV/EBITDA
34.93
75.61
Interest
246,642
196,290
114,116
Interest/NOPBT
26.32%
88.13%
35.63%