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Blackstone Secured Lending Fund — Third Quarter 2026 Earnings Summary

  • Net investment income per share declined to $0.68 in 3Q 2026 from $0.82 in 3Q 2025 and $0.75 in 2Q 2026, while net income per share rose to $0.50 from $0.04 in the prior quarter; NAV decreased to $25.25 per share from $27.15 in 3Q 2025.
  • Total debt outstanding reduced to $7.2 billion from $7.7 billion in 3Q 2025 as the company executed $550 million in repayments against $250 million in new investments, though the debt-to-equity ratio increased to 1.22x from 1.15x.
  • The Board declared a Q4 2026 dividend of $0.77 per share, resulting in an 88% coverage ratio against the quarter's $0.68 per share net investment income.
  • Management provided no quantitative forward guidance but highlighted a well-positioned portfolio with 95.8% first-lien senior secured debt, 95.1% floating rate exposure, and borrowers generally demonstrating earnings growth.
Company
BLACKSTONE SECURED LENDING FUND
Sector
Financial Services
Industry
Asset Management