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Blackstone Secured Lending Fund

Company price
23.94 USD -0.15 ( 0.62%)
Last update at 2026-11-09T17:47:00Z
VOLUME
692302
Market Cap
5746.60M
P/E
10.06

Momentum Score

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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.

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Day Price Range
23.81
Low
24.25
High
52 Week Price Range
22.47
Low
29.96
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Blackstone Secured Lending Fund is a closed-end management investment company that invests primarily in U.S. senior secured loans and other credit instruments, managed through Blackstone's credit platform. Long-term growth drivers include expansion of private credit markets, demand for floating-rate income, and the firm's scale and origination capabilities; the fund may benefit income-seeking investors by providing access to higher-yielding, floating-rate private credit managed by an established manager.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
24.09
Dividend Yield
12.48%
Revenue TTM
1418.95M
Revenue Per Share
6.19
Gross Profit TTM
1418.95M
Debt / Equity
1.29
ROE
9.15%
Net Debt
7790.52M
ROCE
-
Diluted EPS TTM
2.46

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 566.32M 708.62M 628.75M 405.94M 462.86M
Net income 563.46M 694.10M 611.95M 404.56M 460.42M
Selling general administrative 14.59M 11.94M 15.35M 13.88M 10.66M
Selling and marketing expenses - 3.73M - - -
Gross profit 995.39M 731.26M 618.74M 387.80M 473.35M
Ebit 0.00M 1048.25M 863.28M 688.74M 576.98M
Ebitda 95.78M 708.62M 628.75M 602.23M 462.86M
Depreciation and amortization 95.78M -38.15M -937.12M 79.06M -104.73M
Operating income 960.53M 708.62M 628.75M 602.23M 462.86M
Other operating expenses 306.20M 338.92M 245.97M 18.14M 10.48M
Interest expense 381.64M 316.28M 255.98M 196.29M 114.12M
Tax provision 16.10M 14.52M 12.59M 1.39M 2.44M
Interest income 1414.88M 1322.99M 1079.71M 836.82M 618.70M
Net interest income 1046.20M 1006.72M 829.09M 640.53M 504.58M
Income tax expense 2.87M 14.52M 16.80M 1.39M 2.44M
Total revenue 1266.73M 1047.54M 874.72M 387.80M 473.35M
Total operating expenses 34.86M 22.64M -10.01M -18.14M 10.48M
Cost of revenue 271.34M 316.28M 255.98M - -
Total other income expense net -394.21M -610.07M -308.37M -196.29M -114.12M
Net income from continuing ops 563.46M 694.10M 576.42M 404.56M 460.42M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 14656.46M 13472.22M 10134.62M 9909.00M 10177.54M
Other current assets - - -249.73M - -142.88M
Total liab 8411.29M 7395.70M 5182.58M 5750.03M 5730.06M
Total stockholder equity 6245.18M 6076.52M 4952.04M 4158.97M 4447.48M
Other current liab 67.65M -243.99M -8.57M -161.78M -165.08M
Common stock 0.23M 0.22M 0.19M 0.16M 0.17M
Capital stock 0.23M 0.22M 0.19M 0.16M 0.17M
Retained earnings 197.19M 326.54M 250.03M 125.69M 202.19M
Other assets 14261.15M 34.05M 1.29M 13.33M 13.75M
Cash 289.61M 229.61M 154.86M 131.27M 102.88M
Total current liabilities 310.39M 243.99M 8.57M 161.78M 165.08M
Current deferred revenue - - -4720.43M - -
Net debt 7790.52M 6826.48M 4757.07M 5396.44M 5395.75M
Short term debt - - 4911.93M - 5498.63M
Short long term debt total 8080.13M 7056.09M 4911.93M 5527.72M 5498.63M
Other stockholder equity 6047.75M 5749.76M 4701.83M 4033.11M 4245.12M
Total current assets 395.31M 353.85M 249.73M 278.42M 308.42M
Long term investments 14226.93M 13096.51M 9868.44M 9617.25M 9855.38M
Short term investments - -4.00M - 9560.66M 9819.70M
Net receivables 105.70M 124.24M 94.87M 147.14M 205.54M
Accounts payable 242.74M 243.99M 8.57M 161.78M 165.08M
Accumulated other comprehensive income - - 0.00M - -
Non currrent assets other 19.75M 13114.38M -9868.44M -9617.25M -9855.38M
Non current assets total 14246.68M 13118.38M 9884.89M 9617.25M 9855.38M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total cashflows from investing activities -1040.29M - - - -
Net borrowings 920.48M 2165.08M -650.87M - -
Total cash from financing activities 530.61M 2602.11M -432.16M -648.18M 3713.40M
Net income 563.46M 694.10M 611.95M 404.56M 460.42M
Change in cash 60.00M 74.75M 23.59M 28.39M -115.11M
Begin period cash flow 229.61M 154.86M 131.27M 102.88M 217.99M
End period cash flow 289.61M 229.61M 154.86M 131.27M 102.88M
Total cash from operating activities 581.63M -2526.29M 458.81M 672.95M -3828.51M
Issuance of capital stock 295.45M 1037.03M 335.51M 0.00M 981.10M
Depreciation 95.78M -25.67M -2.02M 79.06M -167.53M
Other cashflows from investing activities - 3155.22M - - -
Dividends paid 677.98M 583.35M 437.97M 423.44M 253.78M
Change to account receivables -0.34M -24.96M 52.27M - -
Sale purchase of stock - - -5.80M -263.02M -
Other cashflows from financing activities -677.98M -16.65M -8.59M 915.43M 5766.19M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital -12.30M 12.31M 53.77M 44.58M -24.89M
Other non cash items 498.15M -3232.70M -206.91M 144.75M -4096.52M
Free cash flow -458.66M -2526.29M 458.81M 672.95M -3828.51M

Peer Comparison*

Sector: Financial Services Industry: Asset Management

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
BXSL
Blackstone Secured Lending Fund
-0.15
0.62%
23.94 10.06 8.59 4.05 0.92 22.75
BLK
BlackRock Inc
44.51
3.78%
1223.38 26.25 19.57 6.33 2.90 6.35
BX
Blackstone Group Inc
5.19
4.34%
124.69 33.20 20.12 11.05 11.56 9.14
IVSBF
Investor AB ser. B
-1.61
3.64%
42.50 4.67 3.83 3.78 1.13 4.15
KKR
KKR & Co. Inc.
1.83
1.90%
98.31 32.68 13.66 3.58 3.22 0.68

Profile*

Blackstone Secured Lending Fund

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.

345 Park Avenue, New York, NY, United States, 10154

212 503 2100

Name Title Year Born
Mr. Brad Marshall Chairperson & CEO 1972
Mr. Carlos Whitaker Pres 1976
Mr. Kevin Michael Kresge Interim Chief Financial Officer 1983
Ms. Katherine Rubenstein Chief Operating Officer 1978
Mr. David Goldberg Interim Chief Accounting Officer & Interim Treasurer 1978
Ms. Marisa Janel Beeney Chief Legal Officer & Sec. 1970
Mr. William Joseph Renahan Esq. Chief Compliance Officer 1969
Ms. Beth Chartoff PR Officer 1969
Mr. Brad Marshall Trustee, Chairman & Co-CEO 1972
Mr. Jonathan Gerald Bock CFA Co-Chief Executive Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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