#United States #New York #Investment Income #Blue Owl Capital #OBDC

Blue Owl Capital Corporation (NYSE: OBDC) has announced significant financial results for the year and forth quarter ended December 31, 2024. During this period, the firm reported a net investment income (NII) of $0.47 per share for the fourth quarter, matching the results from the previous quarter and surpassing the regular dividend by 27%. In line with its commitment to returning value to shareholders, Blue Owl's Board declared a supplemental dividend of $0.05 per share for the fourth quarter, bringing total dividends to $0.42 for the quarter, which corresponds to an annualized yield of 11% based on the net asset value (NAV) per share. As of December 31, 2024, the NAV per share stood at $15.26, slightly lower than the previous quarter's $15.28, with the decrease attributed to unrealized losses from credit marks in its portfolio. Nonetheless, the firm's performance was backed by a robust influx of new investment commitments totaling $1.7 billion for the fourth quarter. This strong support was complemented by sales and repayments of $1.6 billion during the same period. Moreover, Blue Owl exhibited a healthy yield of 11.1% on its debt and income-producing assets as of fair value. Notably, investments placed on non-accrual decreased to 0.4%, showcasing the company's focus on maintaining a resilient portfolio amidst fluctuating economic conditions. Craig W. Packer, the Chief Executive Officer of Blue Owl, stated, 'Our fourth quarter results concluded another strong year for OBDC, delivering a 12.4% annualized return on equity, supported by continued strong portfolio performance and robust origination activity.' This resilient performance has elevated Blue Owl Capital to the position of the second largest externally-managed publicly traded business development company (BDC) by total assets following its recent merger with Blue Owl Capital Corporation III (OBDE), which took effect on January 13, 2025, and was designed to strategically increase company scale. OBDC now boasts over $18 billion in total assets based on pro forma combined figures as of the end of 2024. Looking ahead, the Board has declared a regular dividend of $0.37 per share for the first quarter of 2025. In conclusion, Blue Owl Capital's latest financial results reflect a strong performance trajectory, instilling confidence among investors for the upcoming fiscal year. By leveraging the advantages gained from its merger and pursuing strategic investments, Blue Owl Capital Corporation is well-positioned to capture market opportunities and drive value in 2025 and beyond.