Sep 30, 2024

Blue Owl Q3 2024 Earnings Report

Blue Owl reported strong earnings, generating a 12.4% return on equity, with net investment income per share of $0.47, exceeding the regular dividend. The company's NAV per share was $15.28. New investment commitments totaled $1.2 billion.

Key Takeaways

Blue Owl Capital Corporation announced its Q3 2024 financial results, reporting a net investment income per share of $0.47, and a net asset value per share of $15.28. The company saw new investment commitments of $1.2 billion and maintained a strong portfolio.

Net investment income per share was $0.47, exceeding the regular dividend by 27%.

A third quarter supplemental dividend of $0.05 per share was declared.

Total dividends for the third quarter were $0.42 per share, representing an 11.0% annualized dividend yield.

NAV per share was $15.28, compared to $15.36 as of June 30, 2024.

Total Revenue
$351M
Previous year: $399M
-12.2%
EPS
$0.35
Previous year: $0.49
-28.6%
NAV per Share
$15.3
Previous year: $15.4
-0.8%
Weighted Avg Portfolio Yield
11.5%
Previous year: 12.3%
-6.5%
Cash and Equivalents
$481M
Previous year: $432M
+11.4%
Free Cash Flow
$71.4M
Previous year: $117M
-38.8%
Total Assets
$14.1B
Previous year: $13.5B
+4.7%

Blue Owl

Blue Owl

Forward Guidance

Forward-looking statements involve risks and uncertainties, including the timing and likelihood of the Mergers closing, expected synergies and savings, and the ability to realize anticipated benefits.