Symbols / BXSL Stock $24.02 -0.37% Blackstone Secured Lending Fund

Financial Services • Asset Management • United States • NYQ
BXSL (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Asset Management
CEO Mr. Brad Marshall
Exch · Country NYQ · United States
Market Cap 5.59B
Enterprise Value 13.35B
Income 438.89M
Sales 1.39B
FCF (ttm) 367.38M
Book/sh 26.26
Cash/sh 1.18
Employees —
Insider 10d —
IPO Oct 28, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 161.26%
P/E 12.58
Forward P/E 9.01
PEG —
P/S 4.03
P/B 0.91
P/C —
EV/EBITDA —
EV/Sales 9.62
Quick Ratio 1.26
Current Ratio 1.59
Debt/Eq 131.71
LT Debt/Eq —
EPS (ttm) 1.91
EPS next Y 2.67
EPS Growth -83.50%
Revenue Growth -9.00%
EPS Gr Q/Q -83.10%
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2026-05-07
ROA 4.99%
ROE 7.11%
ROIC —
Gross Margin 100.00%
Oper. Margin 87.00%
Profit Margin 31.65%
Shs Outstand 232.65M
Shs Float —
Insider Own 8.65%
Instit Own 44.83%
Short Float 6.12%
Short Ratio 5.27
Short Interest 14.21M
52W High 32.81
vs 52W High -26.79%
52W Low 22.47
vs 52W Low 6.90%
Beta 0.44
Impl. Vol. 39.06%
Rel Volume 0.75
Avg Volume 2.77M
Volume 2.08M
Target (mean) $25.73
Tgt Median $25.25
Tgt Low $22.00
Tgt High $30.00
# Analysts 10
Recom Buy
Prev Close $24.11
Price $24.02
Change -0.37%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$25.73
Mean price target
2. Current target
$24.02
Latest analyst target
3. DCF / Fair value
$28.42
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$24.02
Low
$22.00
High
$30.00
Mean
$25.73

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-12 main B. Riley Securities Neutral → Neutral $24
2026-05-08 main Wells Fargo Underweight → Underweight $22
2026-04-16 main Keefe, Bruyette & Woods Outperform → Outperform $26
2026-03-13 main UBS Neutral → Neutral $25
2026-03-13 main JP Morgan Overweight → Overweight $24
2026-03-04 main Truist Securities Buy → Buy $30
2026-03-03 main RBC Capital Outperform → Outperform $28
2026-02-26 main Keefe, Bruyette & Woods Outperform → Outperform $27
2026-01-07 down Wells Fargo Equal-Weight → Underweight $24
2025-11-28 main B of A Securities Buy → Buy $29
2025-11-12 main B. Riley Securities Buy → Buy $30
2025-11-12 main RBC Capital Outperform → Outperform $29
2025-11-11 main Keefe, Bruyette & Woods Outperform → Outperform $29
2025-11-11 main Wells Fargo Equal-Weight → Equal-Weight $26
2025-10-14 main UBS Neutral → Neutral $28
2025-10-06 up Keefe, Bruyette & Woods Market Perform → Outperform $30
2025-10-01 main JP Morgan Overweight → Overweight $29
2025-09-25 init B. Riley Securities — → Buy $32
2025-09-11 init UBS — → Neutral $31
2025-09-04 main RBC Capital Outperform → Outperform $32
News
RSS: Latest BXSL news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-12 BASS ROBERT J Trustee — 2,095 $23.80 $49,851
2026-03-13 ENNS LUCIE Officer — 1,045 $23.48 $24,537
2026-03-11 CLARK JAMES FREDERIC Trustee — 750 $23.78 $17,835
2026-03-10 RUBENSTEIN KATHERINE Chief Operating Officer — 1,035 $24.08 $24,923
2025-11-11 CLARK JAMES FREDERIC Trustee — 2,000 $26.68 $53,360
2025-10-06 BASS ROBERT J Trustee — 3,760 $26.63 $100,129
2025-05-13 BASS ROBERT J Trustee — 1,626 $30.78 $50,048
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
607.89
-16.87%
731.26
+18.19%
618.74
+60.02%
386.65
Operating Revenue
607.89
-16.87%
731.26
+18.19%
618.74
+60.02%
386.65
Operating Expense
28.34
+25.14%
22.64
+326.27%
-10.01
+48.12%
-19.29
Selling General And Administration
14.59
+22.25%
11.94
-22.23%
15.35
+10.59%
13.88
General And Administrative Expense
14.59
+22.25%
11.94
-22.23%
15.35
+10.59%
13.88
Other Operating Expenses
13.74
+28.36%
10.71
+142.22%
-25.36
+23.55%
-33.17
Net Income
563.46
-18.82%
694.10
+13.42%
611.95
+51.26%
404.56
Pretax Income
579.56
-18.21%
708.62
+12.70%
628.75
+54.89%
405.94
Net Interest Income
1,046.20
+3.92%
1,006.72
+14.38%
880.14
+37.65%
639.38
Interest Expense
368.68
+16.57%
316.28
+23.56%
255.98
+29.65%
197.44
Interest Income
1,414.88
+6.95%
1,322.99
+16.45%
1,136.12
+35.77%
836.82
Gain On Sale Of Security
-8.59
+8.03%
-9.34
-50.54%
-6.21
-116.59%
37.40
Tax Provision
16.10
+10.88%
14.52
-13.52%
16.80
+1111.76%
1.39
Tax Rate For Calcs
0.00
+35.57%
0.00
-23.27%
0.00
+682.43%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
563.46
-18.82%
694.10
+13.42%
611.95
+51.26%
404.56
Net Income From Continuing Operation Net Minority Interest
563.46
-18.82%
694.10
+13.42%
611.95
+51.26%
404.56
Net Income From Continuing And Discontinued Operation
563.46
-18.82%
694.10
+13.42%
611.95
+51.26%
404.56
Net Income Continuous Operations
563.46
-18.82%
694.10
+13.42%
611.95
+51.26%
404.56
Normalized Income
563.46
-18.82%
694.10
+13.42%
611.95
+51.26%
404.56
Net Income Common Stockholders
563.46
-18.82%
694.10
+13.42%
611.95
+51.26%
404.56
Diluted EPS
2.46
-28.70%
3.45
-5.48%
3.65
+49.59%
2.44
Basic EPS
2.46
-28.70%
3.45
-5.48%
3.65
+49.59%
2.44
Basic Average Shares
229.16
+13.80%
201.37
+20.14%
167.62
+0.93%
166.07
Diluted Average Shares
229.16
+13.80%
201.37
+20.14%
167.62
+0.93%
166.07
Diluted NI Availto Com Stockholders
563.46
-18.82%
694.10
+13.42%
611.95
+51.26%
404.56
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
14,656.46
+8.79%
13,472.22
+32.93%
10,134.62
+2.28%
9,909.00
Cash And Cash Equivalents
289.61
+26.13%
229.61
+48.27%
154.86
+17.97%
131.27
Cash Equivalents
27.14
-15.83%
32.25
+61.55%
19.96
—
Cash Financial
262.46
+32.99%
197.36
+46.30%
134.90
—
Receivables
120.18
-3.27%
124.24
+30.96%
94.87
-35.52%
147.14
Investments And Advances
14,226.93
+8.63%
13,096.51
+32.71%
9,868.44
+2.61%
9,617.25
Total Liabilities Net Minority Interest
8,411.29
+13.73%
7,395.70
+42.70%
5,182.58
-9.87%
5,750.03
Payables
310.39
-3.73%
322.40
+25.04%
257.83
+16.42%
221.46
Accounts Payable
242.74
-0.51%
243.99
+27.41%
191.50
+18.37%
161.78
Other Payable
67.65
-13.73%
78.41
+18.21%
66.33
+11.14%
59.68
Long Term Debt And Capital Lease Obligation
8,080.13
+14.51%
7,056.09
+43.65%
4,911.93
-11.14%
5,527.72
Stockholders Equity
6,245.18
+2.78%
6,076.52
+22.71%
4,952.04
+19.07%
4,158.97
Common Stock Equity
6,245.18
+2.78%
6,076.52
+22.71%
4,952.04
+19.07%
4,158.97
Capital Stock
0.23
+4.50%
0.22
+19.35%
0.19
+16.25%
0.16
Common Stock
0.23
+4.50%
0.22
+19.35%
0.19
+16.25%
0.16
Share Issued
231.97
+4.54%
221.89
+19.44%
185.78
+15.85%
160.36
Ordinary Shares Number
231.97
+4.54%
221.89
+19.44%
185.78
+15.85%
160.36
Additional Paid In Capital
6,047.75
+5.18%
5,749.76
+22.29%
4,701.83
+16.58%
4,033.11
Retained Earnings
197.19
-39.61%
326.54
+30.60%
250.03
+98.92%
125.69
Total Equity Gross Minority Interest
6,245.18
+2.78%
6,076.52
+22.71%
4,952.04
+19.07%
4,158.97
Total Capitalization
14,325.30
+9.08%
13,132.61
+33.14%
9,863.97
+1.83%
9,686.68
Invested Capital
14,325.30
+9.08%
13,132.61
+33.14%
9,863.97
+1.83%
9,686.68
Total Debt
8,080.13
+14.51%
7,056.09
+43.65%
4,911.93
-11.14%
5,527.72
Net Debt
7,790.52
+14.12%
6,826.48
+43.50%
4,757.07
-11.85%
5,396.44
Net Tangible Assets
6,245.18
+2.78%
6,076.52
+22.71%
4,952.04
+19.07%
4,158.97
Tangible Book Value
6,245.18
+2.78%
6,076.52
+22.71%
4,952.04
+19.07%
4,158.97
Cash Cash Equivalents And Federal Funds Sold
289.61
+26.13%
229.61
+48.27%
154.86
+17.97%
131.27
Financial Assets Designatedas Fair Value Through Profitor Loss Total
14,207.29
+8.51%
13,092.52
+32.67%
9,868.44
+2.61%
9,617.25
Investmentin Financial Assets
14,226.93
+8.63%
13,096.51
+32.71%
9,868.44
+2.61%
9,617.25
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-458.66
+81.84%
-2,526.29
-650.61%
458.81
-31.82%
672.95
Net Income From Continuing Operations
563.46
-18.82%
694.10
+13.42%
611.95
+51.26%
404.56
Other Non Cash Items
-133.53
-25.01%
-106.81
-19.19%
-89.62
-22.19%
-73.34
Gain Loss On Investment Securities
-888.85
+71.56%
-3,125.32
-2482.42%
-121.02
-140.14%
301.50
Net Foreign Currency Exchange Gain Loss
12.57
+2316.58%
-0.57
-115.19%
3.73
+185.91%
-4.34
Change In Working Capital
-12.30
-199.95%
12.31
-77.11%
53.77
+20.62%
44.58
Change In Receivables
-0.34
+98.63%
-24.96
-147.76%
52.27
-10.48%
58.39
Change In Accrued Expense
3.56
-24.00%
4.68
-60.86%
11.97
+633.24%
-2.24
Change In Payable
-19.88
-154.34%
36.58
+449.50%
-10.47
+11.05%
-11.77
Change In Other Current Assets
4.36
+209.14%
-4.00
0.00
-100.00%
0.19
Change In Other Current Liabilities
0.00
0.00
0.00
0.00
Financing Cash Flow
530.61
-79.61%
2,602.11
+702.11%
-432.16
+33.33%
-648.18
Net Issuance Payments Of Debt
920.48
-57.49%
2,165.08
+432.65%
-650.87
-1590.25%
43.67
Issuance Of Debt
2,843.71
-21.36%
3,616.06
+151.06%
1,440.34
+56.42%
920.83
Repayment Of Debt
-1,923.23
-32.55%
-1,450.98
+30.62%
-2,091.21
-138.41%
-877.15
Long Term Debt Issuance
2,843.71
-21.36%
3,616.06
+151.06%
1,440.34
+56.42%
920.83
Long Term Debt Payments
-1,923.23
-32.55%
-1,450.98
+30.62%
-2,091.21
-138.41%
-877.15
Net Long Term Debt Issuance
920.48
-57.49%
2,165.08
+432.65%
-650.87
-1590.25%
43.67
Net Common Stock Issuance
295.45
-71.51%
1,037.03
+55.88%
665.26
0.00
Common Stock Payments
—
—
—
-263.02
Common Stock Dividend Paid
-677.98
-16.22%
-583.35
-33.20%
-437.97
-3.43%
-423.44
Cash Dividends Paid
-677.98
-16.22%
-583.35
-33.20%
-437.97
-3.43%
-423.44
Repurchase Of Capital Stock
—
—
—
-263.02
Net Other Financing Charges
0.00
0.00
0.00
+100.00%
-263.02
Changes In Cash
71.95
-5.09%
75.81
+184.43%
26.65
+7.61%
24.77
Effect Of Exchange Rate Changes
-11.95
-1025.42%
-1.06
+65.40%
-3.07
-184.69%
3.62
Beginning Cash Position
229.61
+48.27%
154.86
+17.97%
131.27
+27.60%
102.88
End Cash Position
289.61
+26.13%
229.61
+48.27%
154.86
+17.97%
131.27
Free Cash Flow
-458.66
+81.84%
-2,526.29
-650.61%
458.81
-31.82%
672.95
Common Stock Issuance
295.45
-71.51%
1,037.03
+55.88%
665.26
0.00
Issuance Of Capital Stock
295.45
-71.51%
1,037.03
+55.88%
665.26
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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