Blackstone Secured Lending Fund BXSL
Blackstone Secured Lending Fund (together with its consolidated subsidiaries, the "Company," "we," "us," or "our"), is a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified, closed-end management investment company. On October 26, 2018, the Company elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the "1940 Act"). In addition, the Company has elected to be treated for U.S. federal income tax purposes, and intends to qualify annually, as a regulated investment company (a "RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (together with the rules and regulations promulgated thereunder, the "Code").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Interest expense | $381.6M | $326.1M | $266.4M | $203.6M | $120.5M | $65.9M | — | — |
| Net income | $563.5M | $694.1M | $612.0M | $404.6M | $460.4M | $218.6M | — | — |
| EPS, basic | 2.46 | 3.45 | 3.65 | 2.44 | 3.19 | 2.29 | — | — |
| EPS, diluted | 2.46 | 3.45 | 3.65 | 2.44 | 3.19 | 2.29 | — | — |
| Shares, diluted (wtd. avg.) | $229.2M | $201.4M | $167.6M | $166.1M | $144.5M | $95.3M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $289.6M | $229.6M | $154.9M | $131.3M | $102.9M | $218.0M | $65.5M | — |
| Total assets | $14.66B | $13.47B | $10.13B | $9.91B | $10.18B | — | — | — |
| Long-term debt | $8.08B | $7.06B | $4.91B | $5.53B | $5.50B | — | — | — |
| Total liabilities | $8.41B | $7.40B | $5.18B | $5.75B | $5.73B | — | — | — |
| Retained earnings | $197.2M | $326.5M | $250.0M | $125.7M | $199.9M | — | — | — |
| Total equity | $6.25B | $6.08B | $4.95B | $4.16B | $4.45B | $3.27B | $1.67B | $236.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$458.7M | -$2.53B | $458.8M | $672.9M | -$3.83B | -$2.32B | — | — |
| Financing cash flow | $530.6M | $2.60B | -$432.2M | -$648.2M | $3.71B | $2.47B | — | — |
| Dividends paid | $678.0M | $583.4M | $438.0M | $423.4M | $253.8M | $145.1M | — | — |
| Buybacks | — | $0 | $0 | $263.0M | $0 | $0 | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001736035-26-000004.