earnings
confidence high
sentiment positive
materiality 0.85
Blue Owl Capital Q2 NII $0.48/share, NAV $15.36; announces merger with OBDE
Blue Owl Capital Corp
2024-Q2 EPS reported
$0.78
- Q2 NII per share of $0.48 exceeded regular dividend by ~30%; total dividends $0.43/share (11.2% annualized yield on NAV).
- NAV per share $15.36, up $0.10 YoY; net debt-to-equity rose to 1.20x from 1.04x due to elevated fundings.
- New investment commitments $3.3B in Q2 (25 new, 24 existing cos), up from $1.2B in Q1.
- Entered definitive merger with Blue Owl Capital Corp III (OBDE); OBDC survives subject to shareholder approvals.
- Appointed Logan Nicholson as President; declared Q3 regular dividend $0.37 and Q2 supplemental $0.06 per share.