Blackstone Secured Lending Fund (NYSE:BXSL) announced a net investment income of $179 million for Q1 2026, fully covering its dividend. The fund's net asset value decreased, while non-accruals increased to 3.1% of the portfolio.
In its first-quarter earnings call, Blackstone Secured Lending Fund reported a net investment income of $179 million, or $0.77 per share, fully covering its quarterly dividend. The board maintained the dividend at $0.77 per share, supported by current earnings and undistributed income. The fund's net asset value fell to $26.26 per share, and non-accruals rose to 3.1% of the portfolio, with three new troubled positions added. Management highlighted that the portfolio remains predominantly senior secured, with nearly 98% first-lien exposure.