Quarterly ResultMay 7, 2026, 06:27 AM
Blackstone Secured Lending Fund Q1 NII $0.77/Share; Dividend $0.77
AI Summary
Blackstone Secured Lending Fund reported its first quarter 2026 results, with net investment income per share of $0.77, fully covering its $0.77 dividend per share. However, net income per share declined significantly to $0.11 from $0.55 in the previous quarter, and net asset value per share decreased to $26.26. The company's Board of Trustees also declared a second quarter 2026 dividend of $0.77 per share. The portfolio remains primarily in first-lien senior secured debt, though non-accrual debt investments increased to 3.1%.
Key Highlights
- Net investment income per share was $0.77, fully covering the $0.77 dividend per share.
- Net income per share decreased to $0.11, from $0.55 in the prior quarter.
- A second quarter 2026 dividend of $0.77 per share was declared.
- Net asset value per share was $26.26 as of March 31, 2026, down from $26.92.
- Investments at fair value totaled $13.9 billion, with 97.6% in first-lien senior secured debt.
- Non-accrual debt investments increased to 3.1% of total investments at fair value.
- The company reported $2.3 billion in available liquidity.
- The debt-to-equity ratio stood at 1.32x at quarter-end.