Quarterly ResultMay 6, 2026, 04:20 PM
Blue Owl Technology Finance Q1 GAAP NII $0.37; NAV $16.49
AI Summary
Blue Owl Technology Finance Corp. announced its first-quarter 2026 financial results, reporting GAAP net investment income of $0.37 per share and adjusted net investment income of $0.29 per share. Net asset value per share decreased to $16.49, primarily due to unrealized losses from credit spread widening. The company declared a second-quarter base dividend of $0.35 per share and a special dividend of $0.05 per share, and repurchased $50.2 million of common stock, which was accretive to NAV.
Key Highlights
- GAAP net investment income per share was $0.37 for Q1 2026.
- Adjusted net investment income per share was $0.29.
- Net asset value per share decreased to $16.49 from $17.33 last quarter.
- Q2 dividends declared: base dividend of $0.35 per share and special dividend of $0.05 per share.
- Company repurchased $50.2 million of common stock, accretive to NAV per share.
- New investment commitments totaled $1.7 billion; sales and repayments were $1.1 billion.
- Net debt-to-equity increased to 0.85x from 0.75x.
- Investments on non-accrual decreased to 0.1% of portfolio at fair value.