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Sep 30, 2021
Main Street Capital Q3 2021 Earnings Report
Announced third quarter 2021 financial results, featuring record net investment income and distributable net investment income per share alongside a significant increase in net asset value per share.
Key Takeaways
Main Street Capital Corporation reported strong third-quarter results, marked by record net investment income of $0.71 per share and distributable net investment income of $0.76 per share. The company's net asset value per share increased by 3.6% during the quarter, driven by the favorable performance of its portfolio companies. Gross investment fundings in the lower middle market investment strategy reached a new record, positioning the company for continued favorable performance.
Net investment income reached $49.3 million, or $0.71 per share.
Distributable net investment income was $52.2 million, or $0.76 per share.
Total investment income amounted to $76.8 million.
Net asset value stood at $24.27 per share as of September 30, 2021, reflecting a $0.85 increase from the previous quarter.
Revenue by Segment
Forward Guidance
Main Street is positioned for continued favorable performance in the fourth quarter and into 2022, with a strong pipeline of investment opportunities.
Positive Outlook
- Strong pipeline of investment opportunities.
- Record gross investment fundings in lower middle market.
- Successful issuance of additional investment grade debt.
- Improved capital structure.
- Increased liquidity to fund future investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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