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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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