earnings
confidence high
sentiment negative
materiality 0.75
Sound Point Meridian Q4 GAAP net loss $74.7M ($3.63/sh); NAV per share $9.63
Sound Point Meridian Capital, Inc.
- GAAP net loss of $74.7M ($3.63 per share) driven by $77.6M unrealized loss on CLO investments.
- Net investment income of $7.0M ($0.34 per share) on $15.1M investment income and $8.2M expenses.
- NAV per share $9.63 as of Mar 31, 2026; estimated $10.57 as of Apr 30, 2026 (unaudited).
- Declared monthly common stock distribution of $0.20 per share for Jul-Sep 2026; preferred distributions unchanged.
- Received $23.4M in cash distributions from portfolio; CLO equity portfolio yield 9.1% as of Mar 31.