• Blackstone Secured Lending Fund average ebitda margin for 2024 was 76.39%, a 12.65% increase from 2023.
• Blackstone Secured Lending Fund average ebitda margin for 2023 was 87.45%, a 7.45% decline from 2022.
• Blackstone Secured Lending Fund average ebitda margin for 2022 was 81.39%, a 43.7% increase from 2021.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.