Oaktree Q3 2022 Earnings Report

Oaktree Specialty Lending's financial results for Q3 2022 were announced, featuring a distribution increase and solid origination activity amidst a challenging market environment.

Key Takeaways

Oaktree Specialty Lending Corporation reported a total investment income of $63.1 million and adjusted net investment income of $31.4 million for the third fiscal quarter of 2022. The company declared a quarterly distribution of $0.17 per share, a 3% increase from the prior quarter. NAV per share decreased by 5.1% to $6.89 due to unrealized losses.

Total investment income was $63.1 million ($0.34 per share) for the third fiscal quarter of 2022.

GAAP net investment income was $40.4 million ($0.22 per share) for the third fiscal quarter of 2022.

Adjusted net investment income was $31.4 million ($0.17 per share) for the third fiscal quarter of 2022.

NAV per share was $6.89 as of June 30, 2022, down 5.1% from $7.26 as of March 31, 2022.

Net Debt to Equity Ratio

1.08