Blackstone Secured Lending Fund Reports Third Quarter 2024 Results
Blackstone Secured Lending Fund (NYSE: BXSL) reported strong third quarter 2024 results, achieving its highest net investment income on a dollar basis and record net asset value per share. The company maintained robust credit performance with minimal non-accruals, supported by a 98.7% first lien senior secured debt portfolio with a 46.5% loan-to-value ratio. BXSL received a credit rating upgrade from Moody's to Baa2, making it one of only two publicly traded BDCs with this rating. The Board declared a Q4 2024 dividend of $0.77 per share, payable on January 24, 2025, to shareholders of record as of December 31, 2024.
Blackstone Secured Lending Fund (NYSE: BXSL) ha riportato risultati solidi nel terzo trimestre del 2024, raggiungendo il suo massimo reddito netto da investimenti in termini di dollari e un valore netto degli attivi per azione record. L'azienda ha mantenuto robuste performance creditizie con minimi non accettati, supportata da un portafoglio di debito garantito senior di primo grado del 98,7% con un rapporto prestito-valore del 46,5%. BXSL ha ricevuto un upgrade del rating creditizio da parte di Moody's a Baa2, diventando una delle sole due BDC quotate in borsa con questo rating. Il Consiglio ha dichiarato un dividendo per il Q4 2024 di $0,77 per azione, pagabile il 24 gennaio 2025, agli azionisti registrati al 31 dicembre 2024.
Blackstone Secured Lending Fund (NYSE: BXSL) reportó sólidos resultados en el tercer trimestre de 2024, logrando su mayor ingreso neto por inversiones en dólares y un valor neto de activos por acción récord. La compañía mantuvo un rendimiento crediticio robusto con mínimos no devengados, respaldado por un portafolio de deuda asegurada senior de primer gravamen del 98.7% con un ratio préstamo-valor del 46.5%. BXSL recibió una mejora en su calificación crediticia de Moody's a Baa2, convirtiéndose en una de solo dos BDCs que cotizan públicamente con esta calificación. La Junta declaró un dividendo del Q4 2024 de $0.77 por acción, pagadero el 24 de enero de 2025, a los accionistas registrados a fecha del 31 de diciembre de 2024.
블랙스톤 담보 대출 기금 (NYSE: BXSL)는 2024년 3분기에 강력한 실적을 보고하며, 달러 기준으로 가장 높은 순투자 수익과 기록적인 주당 순자산 가치를 달성했습니다. 회사는 최소한의 미수 채권을 유지하며 튼튼한 신용 성과를 보여주었고, 98.7%의 1순위 담보 부채 포트폴리오와 46.5%의 대출 대비 가치 비율을 지원받았습니다. BXSL은 Moody's로부터 Baa2로 신용 등급이 상승하여, 이 등급을 가진 상장된 단 두 개의 BDC 중 하나가 되었습니다. 이사회는 2024년 4분기 주당 $0.77의 배당금을 선언했으며, 2025년 1월 24일에 2024년 12월 31일 기준 주주들에게 지급될 예정입니다.
Blackstone Secured Lending Fund (NYSE: BXSL) a annoncé des résultats solides pour le troisième trimestre 2024, atteignant son plus haut revenu net d'investissement en dollars et une valeur nette des actifs par action record. La société a maintenu une solide performance crédit avec un minimum de créances non acquises, soutenue par un portefeuille de dette garantie senior de premier rang de 98,7% avec un taux de prêt sur valeur de 46,5%. BXSL a reçu une mise à niveau de sa note de crédit de Moody's à Baa2, devenant l'une des deux seules BDC cotées en bourse avec cette note. Le Conseil a déclaré un dividende pour le T4 2024 de 0,77 $ par action, payable le 24 janvier 2025, aux actionnaires enregistrés au 31 décembre 2024.
Blackstone Secured Lending Fund (NYSE: BXSL) hat im dritten Quartal 2024 starke Ergebnisse erzielt und dabei den höchsten Nettoinvestitionsertrag in Dollar sowie einen Rekordwert des Nettovermögens pro Aktie erreicht. Das Unternehmen erzielte eine robuste Kreditperformance mit minimalen Forderungsausfällen, unterstützt durch ein 98,7% Portfolio senior gesicherter Ersthypotheken mit einem 46,5% Kreditwertverhältnis. BXSL erhielt ein Upgrade der Kreditwürdigkeit von Moody's auf Baa2 und ist damit eines von nur zwei börsennotierten BDCs mit dieser Bewertung. Der Vorstand erklärte eine Dividende von 0,77 $ pro Aktie für das 4. Quartal 2024, zahlbar am 24. Januar 2025 an die Aktionäre, die am 31. Dezember 2024 im Aktienregister stehen.
- Achieved highest net investment income (dollar basis)
- Record net asset value per share
- Strong credit portfolio with 98.7% first lien senior secured debt
- Low loan-to-value ratio of 46.5%
- Credit rating upgrade from Moody's to Baa2
- Maintained $0.77 quarterly dividend
- None.
Insights
Strong quarterly performance with several key highlights indicating robust financial health. The record net asset value per share and highest net investment income demonstrate BXSL's growing profitability. The portfolio shows exceptional quality metrics with
The Moody's upgrade to Baa2 is particularly significant, as it places BXSL among an elite group of BDCs with this rating level. This upgrade typically translates to lower borrowing costs and improved access to capital markets. The maintained quarterly dividend of
The high percentage of first-lien loans and low LTV ratio provide strong downside protection in the current market environment, while minimal non-accruals indicate strong underlying credit performance.
Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, “BXSL reported its highest net investment income on a dollar basis and record net asset value per share, along with another active quarter of both commitments and fundings. Credit performance remained strong with minimal non-accruals, underpinned by a
Blackstone Secured Lending Fund issued a full detailed presentation of its third quarter 2024 results, which can be viewed at www.bxsl.com.
Dividend Declaration
The Company's Board of Trustees has declared a fourth quarter 2024 dividend of
Quarterly Investor Call Details
Blackstone Secured Lending Fund will host its conference call today at 9:30 a.m. ET to discuss results. To register for the webcast, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1693405&tp_key=86d4073448
For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of BXSL’s website at https://ir.bxsl.com.
About Blackstone Secured Lending Fund
Blackstone Secured Lending Fund (NYSE: BXSL) is a specialty finance company that invests primarily in the debt of private
Forward-Looking Statements and Other Matters
Certain information contained in this communication constitutes “forward-looking statements.” These forward-looking statements can be identified by the use of forward-looking terminology, such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “can,” “could,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates”, “confident,” “conviction,” “identified” or the negative versions of these words or other comparable words thereof. These may include BXSL’s financial estimates and their underlying assumptions, statements about plans, statements regarding pending transactions, objectives and expectations with respect to future operations, statements regarding future performance, statements regarding economic and market trends and statements regarding identified but not yet closed investments. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. BXSL believes these factors include but are not limited to those described under the section entitled “Risk Factors” in its prospectus and annual report for the most recent fiscal year, and any such updated factors included in its periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document (or BXSL’s prospectus and other filings). Except as otherwise required by federal securities laws, BXSL undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
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Investors
Stacy Wang, Head of Stakeholder Relations
Blackstoneshareholderrelations@blackstone.com
+1 888-756-8443
Media
Thomas Clements
Thomas.Clements@blackstone.com
+1 646-482-6088
Source: Blackstone Secured Lending Fund
FAQ
What dividend did BXSL declare for Q4 2024?
What is BXSL's current loan-to-value ratio in Q3 2024?
What percentage of BXSL's portfolio is in first lien senior secured debt?
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