Publicly traded business development companies (BDCs) are growing in popularity for their astounding dividend income. Like real estate investment trusts (REITs), BDCs must distribute 90% of their taxable income to shareholders as dividends. BDCs typically invest in small, private companies either by lending them money or buying stock. These companies may be too small to access the public bond market, and banks may not be willing to lend to them because they view them as too risky. Thus, BDC financing provid ...

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There are multiple ways how one can approach the structuring of a retirement income portfolio. For example, some might have accumulated wealth through physical real estate investments, which already provide a solid baseline of cash flows that it Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost th ...

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Sashkinw Dividend investing can be daunting at first, but can also be highly rewarding over the long run thanks to the magic of compounding. When I first got started, I was happy to see dividends cover a daily trip to Starbucks (SBUX) and over time, that has expanded to covering the phone bill, cost of gas, and many more monthly expenses. Of course, it helps to have a leg up when it comes to picking players that start off with a high yield. If one were to pick up the S&P 500 (SPY) today, it would only pay $ ...

Blackstone Secured Lending Fund (NYSE:BXSL) Q2 2024 Earnings Conference Call August 7, 2024 9:30 AM ET Company Participants Stacy Wang - Head, Stakeholder Relations Brad Marshall - Chairman and Co-CEO Jonathan Bock - Co-CEO Teddy Desloge - CFO Carlos Whitaker - President Conference Call Participants Finian O'Shea - Wells Fargo Securities Robert Dodd - Raymond James Paul Johnson - KBW Mark Hughes - Truist Kenneth Lee - RBC Capital Markets Operator Good day and welcome to the Blackstone Secured Lending Second ...

Blackstone Secured Lending Fund (BXSL) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.11%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.87, delivering a surprise of -5.43%. Over the last four quar ...

1 Blackstone Secured Lending Fund Reports Second Quarter 2024 Results NEW YORK — August 7, 2024 — Blackstone Secured Lending Fund (NYSE: BXSL, or the "Company") today reported its second quarter 2024 results. Brad Marshall and Jonathan Bock, Co-Chief Executive Officers of Blackstone Secured Lending Fund, said, "BXSL reported the best quarterly earnings on a dollar basis, the highest net asset value per share, and the most active quarter for originations since our IPO in 2021. Credit performance remains stro ...

Financial Performance - BXSL reported net investment income of $173 million, or $0.89 per share, for Q2 2024, compared to $0.87 per share in the prior quarter and $1.06 per share in Q2 2023[7]. - Net income for Q2 2024 was $196 million, or $1.01 per share, an increase from $0.96 per share in the prior quarter and $0.90 per share in Q2 2023[7]. - The total investment income for 2Q24 was $327 million, an increase from $290 million in 2Q23, with interest income rising from $274 million to $303 million[43]. - The net investment income for 2Q24 was $173 million, slightly down from $171 million in 2Q23, with a coverage ratio of 116%[43][42]. - Annualized net investment income return for Q2 2024 is 13.2%, compared to 16.2% in Q2 2023[53]. Dividends and Returns - The company declared a regular dividend of $0.77 per share for Q3 2024, representing a dividend yield of 11.3% based on the net asset value[2][7]. - BXSL's total return was 11.4% annualized since inception and 3.9% for the quarter[7]. - The company reported a quarterly total return based on NAV of 3.9% for Q2 2024[53]. Investment Commitments and Portfolio - New investment commitments in Q2 2024 totaled $1.3 billion at par, with $0.9 billion funded[7]. - The weighted average yield of new investments in 2Q24 was 10.9%, while the yield on investments fully sold or paid down was 11.7%[48]. - The portfolio includes 231 companies, with 98.8% of investments being floating rate debt[11]. - The portfolio consists of 221 companies, with no single issuer accounting for more than 4% of the total, and the largest industry exposure is in software at 18%[13]. - The company achieved new investment commitments of approximately $1.3 billion in 2Q24, with investment fundings of $0.9 billion[49]. Assets and Net Asset Value - As of June 30, 2024, BXSL's net asset value was approximately $5.4 billion, or $27.19 per share, reflecting a 1.2% increase from the previous quarter[7]. - The net asset value per share increased from $26.87 on 3/31/2024 to $27.19 on 6/30/2024[44]. - Total assets increased from $10,705 million in 3/31/2024 to $11,770 million in 6/30/2024, driven by an increase in investments at fair value from $10,439 million to $11,294 million[44]. Debt and Leverage - The company has a total debt of $6,084 million as of 6/30/2024, with only $800 million of debt maturities within the next two years[49]. - Total debt outstanding is $6,112 million, with a weighted average coupon of 2.88% on fixed rate notes[50]. - The company maintained a leverage ratio of 1.13x at quarter-end and an average leverage of 1.09x[7]. - The company maintained a well-structured capital profile with 46% of fixed-rate unsecured liabilities at a weighted average coupon of 2.88%[49]. Liquidity and Financial Position - As of June 30, 2024, the company has $1.2 billion in liquidity, consisting of cash and undrawn debt[54]. - The company has a total undrawn borrowing capacity of $888 million, enhancing its liquidity position[50]. - The company increased its Revolving Credit Facility by $300 million, reducing the drawn spread by 0.225% to SOFR + 1.525%[54]. - The company has $0.9 billion of undrawn capacity available to borrow as of 2024[54]. Risks and Forward-Looking Statements - The company anticipates potential economic and market trends that could impact future performance, as indicated in their forward-looking statements[55]. - BXSL's financial estimates are subject to various risks and uncertainties, which could cause actual outcomes to differ materially from expectations[55]. - The company has committed to updating its financial outlook in accordance with federal securities laws[55]. - BXSL's prospectus and annual report detail risk factors that could affect future operations and performance[55].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission F ...