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Sep 30, 2023
FS KKR Q3 2023 Earnings Report
FS KKR's financial performance for Q3 2023 was announced, featuring a distribution declaration for Q4 2023 and additional special distributions.
Key Takeaways
FS KKR Capital Corp. reported a net investment income of $0.84 per share and adjusted net investment income of $0.80 per share for the quarter ended September 30, 2023. The company's board declared a fourth quarter distribution of $0.70 per share, along with additional special distributions totaling $0.10 per share to be paid in 2024.
Net investment income was $0.84 per share, compared to $0.82 per share for the quarter ended June 30, 2023.
Adjusted net investment income was $0.80 per share, compared to $0.78 per share for the quarter ended June 30, 2023.
Net asset value was $24.89 per share, consistent with December 31, 2022.
The board declared a fourth quarter distribution of $0.70 per share and additional special distributions totaling $0.10 per share to be paid in 2024.
Forward Guidance
FS KKR anticipates continuing to deliver strong stockholder returns, supported by a strong balance sheet, high-quality investment portfolio, and positive earnings outlook.
Positive Outlook
- FS KKR expects to reward stockholders with an attractive $0.75 per share total distribution in the fourth quarter.
- The company anticipates providing stockholders with a continuation of special distributions during the first half of 2024.
- FS KKR believes the strength of its balance sheet will support future performance.
- The company has a high-quality investment portfolio.
- FS KKR has a positive earnings outlook.
Challenges Ahead
- Forward-looking statements are subject to inherent uncertainties.
- Actual results could differ materially from projections due to economic changes.
- 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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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