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Blackstone Secured Lending Fund (BXSL) Q1 2025 Earnings Call Highlights: Strong Income and ...
Thu 08 May 25, 07:19 AMCompared to Estimates, Blackstone Secured Lending Fund (BXSL) Q1 Earnings: A Look at Key Metrics
Wed 07 May 25, 01:30 PMBlackstone Secured Lending Fund (BXSL) Beats Q1 Earnings and Revenue Estimates
Wed 07 May 25, 11:45 AMBlackstone Secured Lending Fund Reports First Quarter 2025 Results
Wed 07 May 25, 10:50 AMSixth Street (TSLX) Q1 Earnings Top Estimates
Wed 30 Apr 25, 09:55 PMBlackstone Secured Lending Announces First Quarter 2025 Earnings Release and Conference Call
Fri 11 Apr 25, 10:50 AMBlackstone Secured Lending Fund (BXSL) Stock Jumps 7.9%: Will It Continue to Soar?
Thu 10 Apr 25, 01:33 PMQ4 2024 Blackstone Secured Lending Fund Earnings Call
Thu 27 Feb 25, 11:41 AMBlackstone Secured Lending Fund (BXSL) Q4 2024 Earnings Call Highlights: Record Investment ...
Thu 27 Feb 25, 07:15 AMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | 405.94M | 462.86M | 218.64M | 106.21M | -2.94400M |
Minority interest | - | - | - | - | - |
Net income | 404.56M | 460.42M | 218.64M | 106.21M | -2.94400M |
Selling general administrative | 13.88M | 10.66M | 80.62M | 36.98M | 2.06M |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 387.80M | 473.35M | 323.18M | 112.15M | 1.77M |
Reconciled depreciation | - | - | - | - | - |
Ebit | 688.74M | 576.98M | - | - | -0.29200M |
Ebitda | 602.23M | 462.86M | 241.05M | 74.08M | -2.94400M |
Depreciation and amortization | 79.06M | -104.72700M | - | - | -2.65200M |
Non operating income net other | - | - | - | - | - |
Operating income | 602.23M | 462.86M | 241.05M | 74.08M | -0.29200M |
Other operating expenses | 18.14M | 10.48M | 146.57M | 72.41M | 3.41M |
Interest expense | 196.29M | 114.12M | 65.95M | 35.43M | 0.00000M |
Tax provision | 1.39M | 2.44M | - | - | - |
Interest income | 836.82M | 618.70M | - | - | - |
Net interest income | 640.53M | 504.58M | -1.50900M | -1.09000M | -0.11700M |
Extraordinary items | - | - | - | - | - |
Non recurring | - | - | - | - | - |
Other items | - | - | - | - | - |
Income tax expense | 1.39M | 2.44M | - | - | 0.12M |
Total revenue | 387.80M | 473.35M | 389.12M | 147.58M | 3.12M |
Total operating expenses | -18.13800M | 10.48M | 80.62M | 36.98M | 2.06M |
Cost of revenue | - | - | 65.95M | 35.43M | 1.35M |
Total other income expense net | -196.29000M | -114.11600M | -22.40900M | 32.12M | -2.53500M |
Discontinued operations | - | - | - | - | - |
Net income from continuing ops | 404.56M | 460.42M | 218.64M | 106.21M | -2.94400M |
Net income applicable to common shares | - | - | - | - | - |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Total assets | 9909.00M | 10177.54M | 5950.87M | 3190.11M | 574.74M |
Intangible assets | - | - | - | - | - |
Earning assets | - | - | - | - | - |
Other current assets | - | -142.87800M | - | - | - |
Total liab | 5750.03M | 5730.06M | 2683.06M | 1516.99M | 338.38M |
Total stockholder equity | 4158.97M | 4447.48M | 3267.81M | 1673.12M | 236.37M |
Deferred long term liab | - | - | - | - | - |
Other current liab | -161.78000M | -165.07600M | 182.66M | 62.78M | 153.16M |
Common stock | 0.16M | 0.17M | 0.13M | 0.06M | 0.01000M |
Capital stock | 0.16M | 0.17M | 0.13M | 0.06M | 0.01000M |
Retained earnings | 125.69M | 202.19M | 35.12M | 37.14M | -2.89200M |
Other liab | - | - | - | - | - |
Good will | - | - | - | - | - |
Other assets | 13.33M | 13.75M | - | - | - |
Cash | 131.27M | 102.88M | 217.99M | 65.50M | 6.23M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 161.78M | 165.08M | 1497.23M | 1516.99M | 338.16M |
Current deferred revenue | - | - | - | - | - |
Net debt | 5396.44M | 5395.75M | 2282.40M | 1388.72M | 178.77M |
Short term debt | - | 5498.63M | 1314.56M | 1454.21M | 185.00M |
Short long term debt | - | - | 1314.56M | 1454.21M | 185.00M |
Short long term debt total | 5527.72M | 5498.63M | 2500.39M | 1454.21M | 185.00M |
Other stockholder equity | 4033.11M | 4245.12M | 3232.56M | 1635.91M | 239.25M |
Property plant equipment | - | - | - | - | - |
Total current assets | 278.42M | 308.42M | 357.41M | 91.15M | 26.19M |
Long term investments | 9617.25M | 9855.38M | 5585.94M | 3092.44M | 545.33M |
Net tangible assets | - | - | - | - | - |
Short term investments | 9560.66M | 9819.70M | - | - | - |
Net receivables | 147.14M | 205.54M | 139.42M | 25.66M | 19.96M |
Long term debt | - | - | 1185.83M | - | - |
Inventory | - | - | - | - | - |
Accounts payable | 161.78M | 165.08M | - | - | - |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | - | - | - | - | - |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | - | - | - | - |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | - | - | - | - |
Treasury stock | - | - | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | -9617.24800M | -9855.37900M | 7.51M | 6.51M | 3.23M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 9617.25M | 9855.38M | 5593.45M | 3098.95M | 548.56M |
Capital lease obligations | - | - | - | - | - |
Long term debt total | - | - | - | - | - |
Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Investments | - | - | - | - | - |
Change to liabilities | - | - | - | - | - |
Total cashflows from investing activities | - | - | - | - | - |
Net borrowings | - | - | - | - | - |
Total cash from financing activities | -648.17900M | 3713.40M | 2472.66M | 2617.55M | 356.00M |
Change to operating activities | - | - | - | - | - |
Net income | 404.56M | 460.42M | 218.64M | 106.21M | -2.94400M |
Change in cash | 28.39M | -115.11400M | 152.50M | 59.27M | 6.23M |
Begin period cash flow | 102.88M | 217.99M | 65.50M | 6.23M | 0.00000M |
End period cash flow | 131.27M | 102.88M | 217.99M | 65.50M | 6.23M |
Total cash from operating activities | 672.95M | -3828.51400M | -2320.16500M | -2558.28500M | -349.77700M |
Issuance of capital stock | 0.00000M | 981.10M | 1582.51M | 1387.80M | 239.31M |
Depreciation | 79.06M | -167.52600M | -33.46500M | -37.98500M | - |
Other cashflows from investing activities | - | - | - | - | - |
Dividends paid | 423.44M | 253.78M | 145.12M | 35.37M | 0.00000M |
Change to inventory | - | - | - | - | - |
Change to account receivables | - | - | - | - | - |
Sale purchase of stock | -263.01700M | - | 2992.14M | 2259.97M | - |
Other cashflows from financing activities | 915.43M | 5766.19M | -9.31600M | -4.09800M | 235.35M |
Change to netincome | - | - | - | - | - |
Capital expenditures | 0.00000M | 0.00000M | 0.00000M | 0.00000M | 0.00000M |
Change receivables | - | - | - | - | - |
Cash flows other operating | - | - | - | - | - |
Exchange rate changes | - | - | - | - | - |
Cash and cash equivalents changes | - | - | - | - | - |
Change in working capital | 44.58M | -24.89200M | -54.31700M | -119.80300M | 100.27M |
Stock based compensation | - | - | - | - | - |
Other non cash items | 144.75M | -4096.51800M | -2451.02100M | -2506.70300M | -447.10600M |
Free cash flow | 672.95M | -3828.51400M | -2320.16500M | -2558.28500M | -349.77700M |
Sector: Financial Services Industry: Asset Management
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | |
---|---|---|---|---|---|---|---|---|
BXSL Blackstone Secured Lending Fund |
0.54 1.76% | 31.16 | 9.07 | 7.15 | 7.97 | 1.11 | 9.21 | |
BX Blackstone Group Inc |
0.62 0.42% | 149.62 | 63.48 | 31.95 | 20.18 | 20.26 | 16.48 | |
BLK BlackRock Inc |
4.45 0.46% | 962.48 | 23.92 | 21.23 | 8.04 | 3.78 | 7.54 | 16.86 |
APO Apollo Global Management LLC Class A |
3.07 2.14% | 146.52 | 18.23 | 20.92 | 3.08 | 6.11 | 2.73 | 14.76 |
KKR KKR & Co LP |
2.54 2.03% | 127.76 | 29.90 | 16.84 | 4.76 | 3.56 | 2.50 | 4.66 |
Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended (the "1940 Act"). In addition, the Fund elected to be treated for U.S. federal income tax purposes, as a regulated investment company ("RIC"), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). The fund also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The fund's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective primarily through originated loans, equity and other securities, including syndicated loans, of private U.S. companies, specifically small and middle market companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities.
345 Park Avenue, New York, NY, United States, 10154
Name | Title | Year Born |
---|---|---|
Mr. Brad Marshall | Chairperson & CEO | 1972 |
Mr. Carlos Whitaker | Pres | 1976 |
Mr. Kevin Michael Kresge | Interim Chief Financial Officer | 1983 |
Ms. Katherine Rubenstein | Chief Operating Officer | 1978 |
Mr. David Goldberg | Interim Chief Accounting Officer & Interim Treasurer | 1978 |
Ms. Marisa Janel Beeney | Chief Legal Officer & Sec. | 1970 |
Mr. William Joseph Renahan Esq. | Chief Compliance Officer | 1969 |
Ms. Beth Chartoff | PR Officer | 1969 |
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