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Jun 30, 2022
FS KKR Q2 2022 Earnings Report
FS KKR reported financial results for the second quarter of 2022, declared a third quarter distribution of $0.67 per share, and increased the base distribution to $0.61 per share.
Key Takeaways
FS KKR Capital Corp. announced strong second-quarter results with an adjusted net investment income per share of $0.67, exceeding public guidance. The company declared a total third-quarter distribution of $0.67 per share, including an increased base distribution of $0.61 per share. The Federal Reserve's recent interest rate increases are expected to positively impact net investment income.
Net investment income was $0.71 per share.
Adjusted net investment income was $0.67 per share.
Net asset value was $26.41 per share.
The company declared a total third quarter distribution of $0.67 per share.
FS KKR
FS KKR
Forward Guidance
FSK expects the Federal Reserve’s recent interest rate increases will have a positive effect on our net investment income as approximately 87% of our debt investments are floating rate structures.
Positive Outlook
- Expected positive impact on net investment income from Federal Reserve's interest rate increases.
- Approximately 87% of debt investments are floating rate structures.
- Increased quarterly base distribution of $0.61 per share.
- Total quarterly distribution of $0.67 per share.
- FSK delivered another strong quarter of results.
Challenges Ahead
- Changes in the economy.
- Risks associated with possible disruption in FSK’s operations or the economy generally due to terrorism, geo-political risks, natural disasters or pandemics such as COVID-19.
- Future changes in laws or regulations and conditions in FSK’s operating area and the price at which shares of FSK’s common stock trade on the New York Stock Exchange.
- The inherent uncertainties in predicting future results and conditions.
- Total net realized and unrealized loss of $0.96 per share