Q2 FY2026 EarningsQ2 FY26 results presented a divergence between strong Net Investment Income (NII) and significant GAAP earnings pressure. NII per share of $0.75 beat the $0.66 consensus by 13.64%, largely driven by an 'Incentive Fee Cap' that reduced advisor costs. However, Total Investment Income of $320.5M slightly missed the $326.9M expectation, and GAAP EPS of $0.04 was a massive miss against the $0.65 consensus due to $136.5M in unrealized depreciation. NAV per share (BPS) declined to $25.53, missing the $26.15 forecast by 2.37%.
Preview: Blackstone Secured Lending Fund(BXSL) predict that the Revenue is 320.47 M (-7.06%), Miss estimate;the EBIT is 178.2 M (-0.83%), Beat estimate;the EPS is 0.04 (-94.12%), Miss estimate.