Blackstone Secured Lending FundNYSE: BXSL

Kilroy Realty has a dividend yield of 6.3% and strong leasing activity, despite market negativity. Blackstone Secured Lending offers a dividend yield of 9.7% and has a diversified portfolio with a low non-accrual rate. Both stocks provide appealing dividends with good coverage and potential for growth in value.

BDCs underperformed the broader income market due to worse-than-expected results from companies such as HRZN, TCPC, and FSK. The reinvigorated bank lending picture is squeezing out direct lenders like BDCs, with banks regaining lost ground. We take a look at results from BXSL and HRZN.

Blackstone Secured Lending Fund (BXSL) Q4 2023 Earnings Call Transcript

We take a look at the action in business development companies through the first week of February and highlight some of the key themes we are watching. BDC fell on the week with an average drop of 2.5%. BDCs are reducing their management, likely reflecting the increasing competition in the private credit sector.

NEW YORK--(BUSINESS WIRE)--Blackstone Secured Lending Fund (NYSE:BXSL) (the “Company”) announced today that it will host its fourth quarter and full year 2023 investor conference call via public webcast on February 28, 2024 at 9:30 a.m. ET. The Company will report its fourth quarter results prior to the call the morning of February 28, 2024. To register for the investor call, please use the following link: https://event.webcasts.com/starthere.jsp?ei=1654639&tp_key=d2cf505449 For those unabl.

Blackstone Secured Lending Fund focuses on first-lien senior secured loans in low-default sectors. Blackstone Secured Lending reported a significant growth in net investment income and net income in Q3 2023. The fund maintains a strong liquidity position and declared a Q4 2023 dividend of $0.77 per share.

We take a look at the action in business development companies through the third week of November and highlight some of the key themes we are watching. BDCs had a good week with a total return of around 1%, making them the best-performing sector across the income space. Different BDCs focus on different parts of the middle-market space, though this is typically not due to choice.

Blackstone Secured Lending Fund delivered a 4.0% total NAV return, outperforming the sector once again. The BXSL closed-end fund is trading at a 6% premium to book value and has a dividend yield of 10.9%. Net investment income fell in Q3 due to lower interest and fee income, higher incentive fees, and an increase in new shares.

Blackstone Secured Lending Fund. (NYSE:BXSL ) Q3 2023 Earnings Conference Call November 8, 2023 9:30 AM ET Company Participants Stacy Wang - Investor Relations Brad Marshall - Co-Chief Executive Officer Jon Bock - Co-Chief Executive Officer Carlos Whitaker - President Teddy Desloge - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Robert Dodd - Raymond James Kenneth Lee - RBC Paul Johnson - KBW Melissa Wedel - JPMorgan Mark Hughes - Truist Arren Cyganovich - Citi Operator Good day and welcome to the Blackstone Secured Lending Third Quarter 2023 Investor Call.