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Mar 31, 2024
SLR Q1 2024 Earnings Report
Reported net investment income and declared quarterly distribution, with NAV appreciation and solid portfolio credit quality.
Key Takeaways
SLR Investment Corp. reported a strong Q1 2024 with net investment income of $0.44 per share and a net increase in net assets from operations of $27.9 million. The company's net asset value increased, and the board declared a quarterly distribution of $0.41 per share.
Net investment income was $23.9 million, or $0.44 per share.
Declared a quarterly distribution of $0.41 per share.
Net asset value was $18.19 per share as of March 31, 2024, compared to $18.09 as of December 31, 2023.
Comprehensive portfolio originations of $260.9 million and repayments of $313.9 million.
Forward Guidance
The forward-looking statements involve risks and uncertainties including changes in the economy, financial markets and political environment, and future changes in laws or regulations.
Positive Outlook
- Increase in the size of SLRC’s income producing comprehensive portfolio
- Increase in the size of SSLP’s investment portfolio
- Expected dividend yield payable to SLRC from SSLP
- Market environment and its impact on the business prospects of SLRC
- Prospects for additional portfolio growth of SLRC
Challenges Ahead
- Changes in the economy, financial markets and political environment, including the impacts of inflation and rising interest rates
- Risks associated with possible disruption in the operations of SLRC or the economy generally due to terrorism, war or other geopolitical conflicts, natural disasters, or pandemics
- Future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities)
Historical Earnings Impact
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Avg. Return Before/After Earnings
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