Blackstone Secured Lending: A Growth BDC That Makes For A Good Long-Term Investment
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Blackstone Secured Lending (BXSL) demonstrated strong growth in recent earnings, with increases in net asset value and income, making it a promising long-term investment. Its high first-lien loan exposure and low non-accrual rates indicate strong credit quality. With 118% dividend coverage and a P/NAV ratio of 1.16x, BXSL is an attractive buy despite trading at a premium.
November 19, 2024 | 1:00 pm
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Blackstone Secured Lending (BXSL) reported strong earnings growth, with increases in net asset value and income. Its high first-lien loan exposure and low non-accrual rates highlight strong credit quality. With 118% dividend coverage and a P/NAV ratio of 1.16x, BXSL is a compelling buy despite trading at a premium.
BXSL's strong earnings growth and credit quality, along with its high dividend coverage and attractive P/NAV ratio, make it a compelling investment. These factors are likely to positively impact its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100