BXSL on NYSE
Blackstone Secured Lending Fund
Price unavailable
Last updated Oct 16, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total investment income | $1.4B | $1.3B | $1.1B |
| Interest expense | $381.6M | $326.1M | $266.4M |
| Management fees (Note 3) | $140.0M | $116.6M | $98.1M |
| Income based incentive fees (Note 3) | $126.7M | $150.1M | $134.2M |
| Capital gains based incentive fees (Note 3) | $0 | $0 | |
| Capital gains based incentive fees reversal | -$5.5M | ||
| Professional fees | $4.9M | $4.7M | $6.1M |
| Board of Trustees fees | $1.2M | $1.1M | $907.0K |
| Administrative service expenses (Note 3) | $3.5M | $2.6M | $2.2M |
| Other general and administrative expenses | $5.0M | $3.6M | $6.1M |
| Total expenses before tax expense | $662.9M | $604.8M | $508.6M |
| Management fees waived (Note 3) | $0 | $0 | -$20.2M |
| Incentive fees waived (Note 3) | $0 | $0 | -$15.6M |
| Net expenses before tax expense | $662.9M | $604.8M | $472.8M |
| Net investment income before tax expense | $756.0M | $722.1M | $670.7M |
| Excise and other tax expense | $16.1M | $14.5M | $16.8M |
| Net investment income after tax expense | $739.9M | $707.6M | $653.9M |
| Net unrealized (appreciation) depreciation on investments | -$149.1M | -$14.2M | -$50.8M |
| Derivative instruments (Note 6) | -$3.1M | $2.4M | $0 |
| Translation of assets and liabilities in foreign currencies | $852.0K | -$48.0K | -$3.7M |
| Income tax (provision) benefit | -$2.3M | -$1.7M | $0 |
| Net change in unrealized appreciation (depreciation), net of income tax (provision) benefit | -$153.7M | -$13.5M | -$54.6M |
| Net realized gain (loss) | $10.0K | -$19.0M | -$6.2M |
| Derivative instruments (Note 6) | -$8.8M | $8.8M | $0 |
| Foreign currency transactions | -$13.4M | $10.2M | $18.8M |
| Current tax expense on realized gains | -$545.0K | $0 | $0 |
| Net realized gain (loss), net of tax expense | -$22.8M | -$13.0K | $12.6M |
| Net realized and change in unrealized gain (loss) | -$176.5M | -$13.5M | -$42.0M |
| Net increase (decrease) in net assets resulting from operations | $563.5M | $694.1M | $612.0M |
| Net investment income (in usd per share) | $3.23 | $3.51 | $3.90 |
| Net investment income, diluted (in usd per share) | $3.23 | $3.51 | $3.90 |
| Earnings (loss), basic, per share (in usd per share) | $2.46 | $3.45 | $3.65 |
| Earnings (loss), diluted, per share (in usd per share) | $2.46 | $3.45 | $3.65 |
| Weighted average shares outstanding basic (in shares) | 229.2M shares | 201.4M shares | 167.6M shares |
| Weighted average shares outstanding diluted (in shares) | 229.2M shares | 201.4M shares | 167.6M shares |
Every line of the balance sheet in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Investments at fair value | $14.2B | ||
| Cash and cash equivalents (restricted cash of $89,406 and $2,499, respectively) | $289.6M | ||
| Receivable from broker | $11.3M | ||
| Deferred financing costs | $19.8M | ||
| Receivable for investments | $3.2M | ||
| Receivable for shares sold | $0 | ||
| Derivative assets at fair value (Note 6) | $19.6M | ||
| Total assets | $14.7B | ||
| Debt (net of unamortized debt issuance costs of $39,900 and $34,877, respectively) | $8.1B | ||
| Payable for investments | $2.2M | ||
| Management fees payable (Note 3) | $36.1M | ||
| Income based incentive fees payable (Note 3) | $26.4M | ||
| Capital gains based incentive fees payable (Note 3) | $0 | ||
| Interest payable | $62.0M | ||
| Distribution payable (Note 9) | $178.6M | ||
| Board of Trustees fees payable | $289.0K | ||
| Accrued expenses and other liabilities | $20.8M | ||
| Total liabilities | $8.4B | ||
| Common Shares, $0.001 par value (unlimited shares authorized; 231,969,058 and 221,892,184 shares issued and outstanding, respectively) | $232.0K | ||
| Additional paid in capital | $6.0B | ||
| Distributable earnings (loss) | $197.2M | ||
| Total net assets | $6.2B | ||
| Total liabilities and net assets | $14.7B | ||
| NET ASSET VALUE PER SHARE (in usd per share) | $26.92 | $27.15 | $27.33 |
| Cost | $14.4B | ||
| Restricted cash | $89.4M | ||
| Net of unamortized debt issuance costs | $39.9M | ||
| Common stock, par value (in usd per share) | $0.00 | ||
| Common stock, shares issued (in shares) | 232.0M shares | ||
| Common stock, shares outstanding (in shares) | 232.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net increase (decrease) in net assets resulting from operations | $563.5M | $694.1M | $612.0M |
| Net change in unrealized (appreciation) depreciation on investments | $149.1M | $14.2M | $50.8M |
| Net change in unrealized (appreciation) depreciation on derivative instruments | $3.1M | -$2.4M | $0 |
| Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies | -$852.0K | -$567.0K | $3.7M |
| Net realized (gain) loss on investments | -$10.0K | $19.0M | $6.2M |
| Net change due to hedging activity | -$780.0K | -$851.0K | $0 |
| Net realized (gain) loss on foreign currency transactions | $13.4M | $0 | $0 |
| Net accretion of discount and amortization of premium | -$53.4M | -$39.9M | -$52.9M |
| Payment-in-kind interest capitalized | -$101.1M | -$83.0M | -$51.6M |
| Amortization of deferred financing costs | $5.7M | $6.1M | $5.5M |
| Amortization of original issue discount and debt issuance costs (including premiums and discounts) | $15.2M | $9.9M | $9.3M |
| Purchases of investments | -$3.3B | -$3.9B | -$1.5B |
| Proceeds from sale of investments and principal repayments | $2.2B | $787.5M | $1.3B |
| Interest receivable | $6.3M | -$18.5M | $4.3M |
| Receivable for investments | -$211.0K | -$1.7M | $48.0M |
| Derivative instruments, net | $4.4M | -$4.0M | $0 |
| Receivable from broker | -$6.5M | -$4.8M | $0 |
| Payable for investments | -$17.1M | $10.7M | -$11.7M |
| Due to affiliates | -$2.3M | -$1.8M | -$1.9M |
| Management fees payable | $3.8M | $9.3M | $4.4M |
| Income based incentive fees payable | -$12.3M | $4.3M | $9.6M |
| Capital gains based incentive fees payable | $0 | $0 | -$5.5M |
| Interest payable | $8.0M | $14.1M | -$5.4M |
| Accrued expenses and other liabilities | $3.6M | $4.7M | $12.0M |
| Net cash provided by (used in) operating activities | -$458.7M | -$2.5B | $458.8M |
| Borrowings on debt | $2.8B | $3.6B | $1.4B |
| Repayments on debt | -$1.9B | -$1.5B | -$2.1B |
| Deferred financing costs paid | -$3.6M | -$11.5M | -$8.6M |
| Debt issuance costs paid | -$3.8M | -$5.2M | $0 |
| Dividends paid in cash | -$678.0M | -$583.4M | -$438.0M |
| Proceeds from issuance of Common Shares, net of offering and underwriting costs | $295.4M | $1.0B | $665.3M |
| Net cash provided by (used in) financing activities | $530.6M | $2.6B | -$432.2M |
| Net increase (decrease) in cash and cash equivalents | $72.0M | $75.8M | $26.7M |
| Effect of foreign exchange rate changes on cash and cash equivalents | -$12.0M | -$1.1M | -$3.1M |
| Interest paid during the period | $353.5M | $297.5M | $256.5M |
| Distribution payable | $178.6M | $170.8M | $143.1M |
| Reinvestment of distributions during the period | $23.0M | $21.1M | $20.7M |
| Accrued but unpaid debt issuance costs | $525.0K | $1.1M | $0 |
| Receivable for shares sold | $0 | $4.4M | $0 |
| Excise and other taxes paid | $15.1M | $11.4M | $5.2M |
Compare Blackstone Secured Lending Fund with another company
Former names
- Blackstone / GSO Secured Lending FundJun 25, 2018 to Dec 3, 20202
Recent filings
- Sep 30, 20268-K
- Aug 12, 20268-K
- Aug 6, 202610-Q
- Aug 6, 20268-K
- Jul 24, 20268-K
- Jun 29, 2026DEF 14A
- Jun 29, 2026DEFA14A
- Jun 29, 2026ARS
- Jun 18, 20268-K
- May 21, 20268-K
- May 18, 2026424B2
- May 14, 2026424B2
- May 14, 2026FWP
- May 13, 20264
- May 7, 202610-Q
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8