NASDAQ$CGBD

Carlyle Secured Lending Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced financial results for the third quarter and declared fourth quarter base dividend of $0.32 per common share and supplemental dividend of $0.07 per common share.

TCG BDC reported strong third quarter results with net asset value above pre-pandemic levels, demonstrating strong investment performance. The company continues to be well positioned to deliver attractive, sustainable income generation and NAV stability for its shareholders.

  • Net investment income, net of the preferred dividend, was $21.211 million, or $0.39 per common share.
  • Net realized gain (loss) and net change in unrealized appreciation (depreciation) on investments and non-investment assets and liabilities was $25.534 million, or $0.48 per share.
  • Net increase (decrease) in net assets resulting from operations attributable to common stockholders was $46.745 million, or $0.87 per common share.
  • Net asset value per common share increased 3.2% to $16.65 from $16.14 as of June 30, 2021.

Headline financials

Total Revenue

$43.8M

No prior period
EPS (adj)

$0.39

No prior period
Weighted Average Yield

7.7%

No prior period
Net Income

$47.6M

No prior period
Cash & Equivalents

$46.2M

No prior period
Total Assets

$2.04B

No prior period

Revenue & EPS history

Carlyle · Revenue · Quarterly

$43.8M

Q3 2021
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The Board of Directors declared a base quarterly common dividend of $0.32 plus a supplemental common dividend of $0.07, which are payable on January 14, 2022 to common stockholders of record on December 31, 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.6%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.3%

Avg return

30 days after

47%

9 / 19 earnings

Positive

+6.5%

Q1 2022

Best reaction

-3.7%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%-2.8%-4.8%
Q4 2025-0.5%-2.5%-4.2%
Q3 2025-1.2%-5.1%+2.5%
Q1 2025+0.0%-4.0%-2.4%
Q4 2024+1.9%+0.7%-4.6%
Q3 2024-0.4%-0.1%+5.8%
Q2 2024-3.6%-3.0%+0.6%
Q1 2024-0.3%+1.4%+1.8%
Q4 2023+5.1%+5.0%+5.1%
Q3 2023-0.6%-0.8%+5.9%
Q2 2023-3.3%-3.5%-6.6%
Q1 2023+0.1%-1.3%+8.9%
Q4 2022-3.7%-1.1%-11.0%
Q3 2022+3.4%+6.7%+7.1%
Q2 2022+1.4%+5.5%+1.0%
Q1 2022+6.5%+6.8%+3.2%
Q4 2021+2.3%+2.1%+5.6%
Q3 2021+0.2%+1.0%-2.1%
Q4 2020+4.8%+3.2%+12.6%

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