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Mar 31, 2023
Blue Owl Q1 2023 Earnings Report
Reported first quarter with net investment income per share of $0.45 and NAV per share of $15.15.
Key Takeaways
Owl Rock Capital Corporation reported a strong first quarter in 2023, achieving record net investment income and maintaining a strong credit performance. The company's net asset value per share increased, and the direct lending portfolio is defensively positioned for stable returns.
First quarter NII of $0.45 per share exceeded the first quarter dividend of $0.33 per share by over 35%, marking the highest quarterly NII since ORCC’s inception.
The Board declared a first quarter supplemental dividend of $0.06 per share, bringing total dividends for the first quarter to $0.39 per share, representing a greater than 10% annualized yield based on current NAV per share.
Delivered NII ROE of 12.1% in the first quarter, up from 8.3% the prior year.
Net asset value per share increased to $15.15 compared to $14.99 as of December 31, 2022.
Forward Guidance
The Company’s Board of Directors has declared a second quarter 2023 dividend of $0.33 per share for stockholders of record as of June 30, 2023, payable on or before July 14, 2023 and a first quarter 2023 supplemental dividend of $0.06 per share for stockholders of record as of May 31, 2023, payable on or before June 15, 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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