BXSL Stock Intrinsic Value – Blackstone Secured Lending Fund Posts Record NII and Total Investment Income

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Blackstone Secured Lending ($NYSE:BXSL) Fund (BSLF) recently announced record earnings results for its most recent quarter. The fund reported that its Net Investment Income (NII) of $0.93 exceeded expectations by $0.01, while the total investment income of $264.9M was higher than the forecast by $5.18M. This follows a strong performance by BSLF over the past year, during which it has seen steady growth and outperformance. BSLF is a publicly traded Closed-End Fund (CEF) based in New York City and managed by Blackstone Group LP. It provides investors with exposure to the global secured lending markets, including investments in Senior Secured Loans, Private Credit, High Yield Bonds and other hybrid securities.

The fund has been able to capitalize on its expertise in the secured lending market and generate consistent returns for its investors. The strong performance of BSLF over the past quarter further demonstrates the strength of the fund and its ability to outperform expectations. As the fund continues to expand its reach and capitalize on the global secured lending markets, it is expected that BSLF will continue to deliver solid returns for its investors.

Stock Price

Blackstone Secured Lending Fund (BSLF) shares opened at $26.0 on Wednesday and closed at $25.6, down 0.5% from the previous closing price of $25.7. This follows the company’s announcement of record total investment income and net investment income for their third quarter results. The increase in total investment income and net investment income is attributed to the company’s strategic investments in secured loans and their ability to capitalize on market opportunities. With a focused portfolio of high-quality, secured investments, BSLF has driven strong returns for investors despite challenging market conditions.

BSLF’s strong performance highlights the success of their strategy and the potential for further growth and positive results in the future. By continuing to capitalize on market opportunities and focusing on quality investments, BSLF is well-positioned to deliver returns for investors and sustainable growth in the years ahead. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for BXSL. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for BXSL. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for BXSL. More…

Key Ratios Snapshot

Some of the financial key ratios for BXSL are shown below. More…

Analysis – BXSL Stock Intrinsic Value

GoodWhale has analyzed the fundamentals of BLACKSTONE SECURED LENDING FUND and found that its intrinsic value is around $25.1. Our proprietary Valuation Line was used to arrive at this calculation. We recommend investors to keep an eye on the stock and monitor any changes in its valuation before making investment decisions. More…

Peers

The competition between Blackstone Secured Lending Fund and its competitors, Princeton Capital Corp, OFS Capital Corp, and Franklin BSP Lending Corp, is intense as each strives to provide the best lending services to their clients. All four companies have a long history in the lending industry, and each has its own unique approach to the business. As such, the competition for market share is fierce, with each company looking for an edge over its rivals.

– Princeton Capital Corp ($OTCPK:PIAC)

Princeton Capital Corp is a financial services company that provides investment and asset management services. As of 2022, its market capitalization was 42.17 million, reflecting its financial strength and market presence. Furthermore, its return on equity (ROE) was 12.71%, indicating that the company has been able to use its resources efficiently to generate higher returns. Princeton Capital Corp has been able to consistently generate healthy returns, making it an attractive option for investors.

– OFS Capital Corp ($NASDAQ:OFS)

OFS Capital Corp is a closed-end investment company that specializes in providing customized financing solutions to mid-market companies. The company’s market capitalization as of 2022 is 146.52M, making it a mid-sized entity in the investment sector. Its Return on Equity (ROE) of 2.34% indicates a healthy financial performance, as it is above the industry average. The company provides capital to businesses in need of financing to support their growth plans, and also invests in debt securities of such companies. OFS Capital Corp’s mission is to generate attractive risk-adjusted returns by investing in high quality middle market companies.

– Franklin BSP Lending Corp ($OTCPK:BDVC)

Franklin BSP Lending Corp is a financial services company that specializes in providing consumer loans, mortgages, and other types of banking services. As of 2022, the company has a market cap of 1.29B and a Return on Equity of 4.33%. This market cap is an indication of the company’s value and strength in the market, while the Return on Equity shows how successful the company is at generating profits from its investments. The company has been successful in the past and is looking to continue its growth in the future.

Summary

Total investment income for the fourth quarter was reported at $264.9 million, surpassing analyst estimates by $5.18 million. Furthermore, Net Investment Income (NII) was reported at $0.93 per share, beating expectations by a penny. The fund has also declared a distribution of $0.93 per share, in line with NII.