earnings
confidence high
sentiment neutral
materiality 0.60
Blackstone Secured Lending Q1 2026: NII covers $0.77 dividend, NAV $26.26
Blackstone Secured Lending Fund
2026-Q1 EPS reported
$0.11
- Net investment income per share fully covered Q1 dividend of $0.77; annualized dividend yield 11.7% on NAV of $26.26.
- New investment activity ~$325M, repayments ~$450M during Q1 2026.
- Non-accruals increased from historically low levels; portfolio primarily first-lien senior secured with 2.0x interest coverage.
- Q2 2026 dividend of $0.77/share declared, payable July 24, 2026 to holders of record June 30, 2026.