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XNYS
BXSL
Market cap5.76bUSD
Oct 10, Last price  
25.02USD
1D
-1.07%
1Q
-21.07%
IPO
-13.72%
Name

Blackstone Secured Lending Fund

Chart & Performance

D1W1MN
No data to show
P/E
8.30
P/S
5.50
EPS
3.01
Div Yield, %
9.23%
Shrs. gr., 5y
42.85%
Rev. gr., 5y
47.99%
Revenues
1.05b
-8.39%
3,122,000147,583,000389,124,000473,345,000387,804,0001,143,517,0001,047,542,000
Net income
694m
+13.42%
-2,944,000106,206,000218,638,000460,422,000404,556,000611,951,000694,097,000
CFO
-2.53b
L
-349,777,000-2,558,285,000-2,320,165,000-3,828,514,000672,948,000458,815,000-2,526,294,000
Dividend
Sep 30, 20240.77 USD/sh

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
FYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑12
Income
Revenues
1,047,542
-8.39%
1,143,517
194.87%
387,804
-18.07%
Cost of revenue
328,215
206,397
165,076
Unusual Expense (Income)
NOPBT
719,327
937,120
222,728
NOPBT Margin
68.67%
81.95%
57.43%
Operating Taxes
14,524
16,795
1,386
Tax Rate
2.02%
1.79%
0.62%
NOPAT
704,803
920,325
221,342
Net income
694,097
13.42%
611,951
51.26%
404,556
-12.13%
Dividends
(583,351)
(437,966)
(423,441)
Dividend yield
8.97%
9.45%
11.41%
Proceeds from repurchase of equity
1,037,027
665,260
(264,624)
BB yield
-15.94%
-14.36%
7.13%
Debt
Debt current
5,527,715
Long-term debt
7,056,091
4,911,930
5,527,715
Deferred revenue
5,750,029
Other long-term liabilities
95,626
(5,365,935)
Net debt
6,822,490
(5,111,367)
1,306,910
Cash flow
Cash from operating activities
(2,526,294)
458,815
672,948
CAPEX
Cash from investing activities
(178,069)
212,408
Cash from financing activities
2,602,105
(432,161)
(648,179)
FCF
791,108
6,068,683
217,357
Balance
Cash
229,606
154,857
131,272
Long term investments
3,995
9,868,440
9,617,248
Excess cash
181,224
9,966,121
9,729,130
Stockholders' equity
326,759
250,214
9,806,955
Invested Capital
13,047,014
9,875,838
11,295,829
ROIC
6.15%
8.69%
2.59%
ROCE
5.44%
9.25%
1.46%
EV
Common stock shares outstanding
201,372
167,615
166,073
Price
32.31
16.90%
27.64
23.67%
22.35
-34.26%
Market cap
6,506,330
40.44%
4,632,891
24.82%
3,711,730
-24.46%
EV
13,328,820
(478,476)
10,540,776
EBITDA
719,327
937,120
301,792
EV/EBITDA
18.53
34.93
Interest
316,278
246,642
196,290
Interest/NOPBT
43.97%
26.32%
88.13%