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Dec 31, 2023
Oaktree Q1 2024 Earnings Report
Reported financial results for the first fiscal quarter of 2024.
Key Takeaways
Oaktree Specialty Lending Corporation announced its financial results for the first fiscal quarter ended December 31, 2023, featuring strong origination activity and adjusted net investment income that supports the cash distribution. However, the company experienced idiosyncratic performance challenges at four portfolio investments, resulting in a decline in NAV and an increase in non-accruals.
Total investment income was $98.0 million ($1.26 per share) for the first fiscal quarter of 2024.
GAAP net investment income was $44.2 million ($0.57 per share) for the first fiscal quarter of 2024.
Originated $370.3 million of new investment commitments and received $213.5 million of proceeds from prepayments, exits, other paydowns and sales during the quarter ended December 31, 2023.
A quarterly cash distribution was declared of $0.55 per share, payable on March 29, 2024.
Oaktree
Oaktree
Oaktree Revenue by Segment
Revenue by Segment
Interest Income Revenue
CapyFin.comPIK Interest Income Revenue
CapyFin.comFee Income Revenue
CapyFin.comDividend Income Revenue
CapyFin.com Forward Guidance
The Company believes its liquidity and capital resources are sufficient to invest in market opportunities as they arise.