earnings
confidence high
sentiment positive
materiality 0.65
Apollo Investment reports FY2022 NII $96M ($1.49/sh), NAV $15.79, distributions $1.44/sh
MidCap Financial Investment Corp
- Total investment income $213.2M; net investment income $96.0M ($1.49/sh); GAAP EPS $1.28; NAV $15.79.
- Declared total distributions $1.44/sh for FY2022; total stockholder return 7.4%.
- Corporate lending 83% of portfolio; first lien 94% of corporate lending; weighted avg attachment point 0.2x.
- Non-core assets reduced to nominal; Merx Aviation 12% of portfolio (plans to reduce).
- Leverage ratio 1.51x within target; issued $125M five-year unsecured debt in July 2021; Kroll affirmed investment grade.