Company: BXSL
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001736035-25-000018
Chunk: 361

Company: Blackstone Secured Lending Fund
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 361
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.34 $1.98 

119

Table of ContentsBlackstone Secured Lending FundNotes to Condensed Consolidated Financial Statements(Unaudited)(in thousands, except share amounts, per share data, percentages and as otherwise noted)

Note 11. Financial Highlights and Senior Securities

The following are the financial highlights for the six months ended June 30, 2025 and 2024: Six Months Ended June 30, 20252024Per Share Data (1):Net asset value, beginning of period$27.39 $26.66 Net investment income1.60 1.76 Net change in unrealized and realized gain (loss)(0.26)0.21 Net increase (decrease) in net assets resulting from operations1.34 1.97 Distributions from net investment income (2)(1.54)(1.54)Net increase (decrease) in net assets from capital share transactions0.14 0.10 Total increase (decrease) in net assets(0.06)0.53 Net asset value, end of period$27.33 $27.19 Market value, end of period$30.75 $30.62 Shares outstanding, end of period230,055,444 198,381,800 Total return based on NAV (3)5.1 %7.3 %Total return based on market value (4)0.2 %16.8 %Ratios:Ratio of net expenses to average net assets (5)10.6 %11.1 %Ratio of net investment income to average net assets (5)11.7 %12.9 %Portfolio turnover rate8.9 %2.6 %Supplemental Data:Net assets, end of period$6,288,296$5,394,573Asset coverage ratio188.5 %188.3 %(1)The per share data was derived by using the weighted average shares outstanding during the period.(2)The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 9).(3)Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested in accordance with the DRIP) divided by the beginning NAV per share. Total return does not include sales load.(4)Total