Business
Blue Owl Capital Corporation Announces March 31, 2025 Financial Results
Blue Owl Capital Corporation (NYSE: OBDC) ("OBDC" or the "Company") today announced financial results for its first quarter ended March 31, 2025.
About this update from Blue Owl Capital Inc.
[{"type":"text","content":"NEW YORK, May 7, 2025 /PRNewswire/ -- Blue Owl Capital Corporation (NYSE: OBDC) ("OBDC" or the "Company") today announced financial results for its first quarter ended March 31, 2025.","length":203,"tagName":"p"},{"type":"text","content":"FIRST QUARTER 2025 HIGHLIGHTS","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"First quarter GAAP net investment income ("NII") per share of $0.41","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter adjusted NII per share of $0.39, as compared with $0.47 as of December 31, 2024","length":93,"tagName":"p"}]},{"val":[{"type":"text","content":"Based on OBDC's supplemental dividend framework, the Board of Directors (the "Board") declared a first quarter supplemental dividend of $0.01 per share","length":165,"tagName":"p"}]},{"val":[{"type":"text","content":"Dividends declared in the first quarter totaled $0.38 per share, representing an annualized dividend yield of 10.0% based on first quarter net asset value ("NAV") per share","length":182,"tagName":"p"}]},{"val":[{"type":"text","content":"NAV per share of $15.14, as compared with $15.26 as of December 31, 2024, driven primarily by changes in credit spreads and write-downs on a small number of names, partially offset by over-earning of the base dividend","length":217,"tagName":"p"}]},{"val":[{"type":"text","content":"New investment commitments for the first quarter totaled $1.2 billion(1) and $1.1 billion(1) of sales and repayments, as compared with $1.7 billion of new investment commitments and $1.6 billion of sales and repayments for the three months ended December 31, 2024","length":263,"tagName":"p"}]},{"val":[{"type":"text","content":"Investments on non-accrual represented 0.8% of the portfolio at fair value, as compared with 0.4% as of December 31, 2024","length":121,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1118,"olType":false},{"type":"text","content":""OBDC's first quarter results reflect a solid start to the year, delivering a 10.2% annualized return on equity(2), supported by the continued resilience and quality of our portfolio," commented Craig W. Packer, Chief Executive Officer. "We believe OBDC is in a strong position to face the current market environment, given our portfolio...