Blackstone Secured Lending Fund (GM8) Stock Price & Analysis
GM8 Stock Chart & Stats
- Day’s Range
- EUR 20.76 - EUR 20.88
- 52-Week Range
- EUR 19.32 - EUR 24.60
- Previous Close
- EUR 20.92
- Volume
- N/A
- Average Volume (3M)
- 9
- Market Cap
- EUR 4.86B
- Enterprise Value
- EUR 12.78B
- Total Cash (Recent Filing)
- EUR 267.15M
- Total Debt (Recent Filing)
- EUR 7.54B
- Price to Earnings (P/E)
- 18.3
- Beta
- 0.33
- Next Earnings
- Nov 04, 2026 (Est.)
- EPS Estimate
- 0.59
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 12.88%
Bulls Say, Bears Say
Bulls Say
Senior-secured Credit Focus
The portfolio’s strong first-lien orientation provides priority in creditor recoveries and supports capital preservation across market cycles. Combined with BXCI’s very low long-term loss rate, this underwriting history is a durable advantage for generating recurring credit income.
Strong Liquidity And Funding Flexibility
Substantial liquidity and diversified funding give BXSL capacity to meet obligations, absorb repayments, and selectively deploy capital into new loans. Extended credit-facility maturities further improve funding runway, supporting portfolio continuity and flexibility through changing credit conditions.
Improving Portfolio Credit Metrics
Improving borrower EBITDA and lower nonaccruals indicate that portfolio operating performance and current credit quality remain broadly resilient. If sustained, these trends can protect investment income, reduce workout demands, and support more dependable returns from the lending portfolio.
Bears Say
Dividend Exceeds Current NII
Current earnings do not fully cover the dividend, requiring undistributed earnings to bridge the gap. Management’s planned transition to a lower long-term payout signals that recurring income has reset below the current distribution, weakening the durability of shareholder cash returns.
Meaningful Leverage And Reduced Efficiency
Leverage can enhance income from the loan portfolio, but debt remaining above equity increases sensitivity to credit losses, funding costs, and asset marks. The recent decline in ROE also suggests that the capital base is producing earnings less efficiently than in prior periods.
Portfolio Mark And Concentration Pressure
Lower NAV and portfolio marks indicate ongoing pressure on asset values, even where spread widening rather than fundamental deterioration is the main driver. The heavily marked bottom decile adds concentration risk and may require further restructurings or realized losses over coming quarters.
Blackstone Secured Lending Fund News
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Blackstone Secured Lending Fund Stock Smart Score
Company Description
Blackstone Secured Lending Fund
Blackstone Secured Lending Fund (BXSL) is a Delaware statutory trust, established on March 26, 2018, that operates as an externally managed, non-diversified closed-end investment fund. On October 26, 2018, it formally became regulated as a Business Development Company (BDC) under the Investment Company Act of 1940. Additionally, for U.S. federal income tax purposes, it has chosen and plans to retain its status as a Regulated Investment Company (RIC), as defined by Subchapter M of the Internal Revenue Code of 1986. The fund's core mission is to generate current income, complemented by a secondary focus on long-term capital appreciation. To achieve these goals, BXSL primarily invests in private U.S. small and middle-market companies. Its strategy centers on originating various debt and equity securities, most notably first lien senior secured and unitranche loans (which encompass first out/last out structures). While these form the bulk of its holdings, the fund also selectively invests in syndicated loans, second lien, third lien, unsecured, and subordinated loans, as well as other debt and equity instruments.
- Sector
- Financial
- Industry
- Asset Management
- CEO
- Brad Marshall
- Website
- www.bxsl.com
- Address
- 345 Park Avenue, New York City, NY, 10154, US
Blackstone Secured Lending Fund (GM8) Earnings & Revenues
GM8 Company Deck
GM8 Earnings Call
Earnings Call SentimentPositive
The call emphasized strong operational and liquidity fundamentals — high NII yields, significant repayment activity (21% annualized), disciplined deployments with wider spreads, low historical loss rates, and diversified funding. Offsetting these positives were NAV and mark declines driven largely by market spread widening, a concentrated bottom 10% of the portfolio marked at ~70%, and a small shortfall of NII vs. the current dividend covered by undistributed earnings. Management highlighted proactive asset management, restructuring experience, and ample liquidity to navigate the issues. On balance the positives (liquidity, repayment-driven flexibility, yield, conservative credit profile) outweigh the contained but notable credit and mark headwinds.
View all DE:GM8 earnings summariesGM8 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 5 | 3 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 11 | 0 | 1 |
