NYSE$TSLX

Sixth Street Specialty Lending Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported adjusted net investment income of $0.63 per share and adjusted net income of $0.57 per share.

Sixth Street Specialty Lending, Inc. reported adjusted net investment income of $0.63 per share and adjusted net income of $0.57 per share for the quarter ended December 31, 2021. The company's net investment income was driven by higher fees from elevated repayment activity and robust interest income.

  • Adjusted net investment income per share was $0.63.
  • Adjusted net income per share was $0.57.
  • Net asset value (NAV) per share was $16.84 at December 31, 2021.
  • The Board of Directors declared a first quarter 2022 base dividend of $0.41 per share and a fourth quarter supplemental dividend of $0.11 per share.

Headline financials

Total Revenue

$78.3M

Previous: $62.2M+25.9%
EPS (adj)

$0.63

Previous: $0.50+26.0%
Yield at Fair Value

10.0%

Previous: 10.0%+0.0%
Yield at Amortized Cost

10.2%

Previous: 10.2%+0.0%
Floating Rate Debt Investments (% FV)

98.9%

Previous: 99.1%-0.2%
Net Income

$41.8M

Previous: $53.5M-21.9%
Operating Income

$46.2M

Previous: $153M-69.8%
Cash & Equivalents

$16M

Previous: $13.3M+20.3%
Total Assets

$2.55B

Previous: $2.34B+9.1%

Revenue & EPS history

Sixth Street · Revenue · Quarterly

$78.3M

Q4 2021+25.9%vs Q4 2020
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.9%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.5%

Avg return

30 days after

68%

13 / 19 earnings

Positive

+4.6%

Q3 2023

Best reaction

-4.4%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%-11.3%-11.8%
Q4 2025-4.4%-4.3%-11.5%
Q3 2025-1.4%-6.4%-1.6%
Q1 2025-0.6%-0.9%+11.5%
Q4 2024+2.2%+2.9%-3.0%
Q3 2024+1.0%+1.3%+7.2%
Q2 2024-0.8%-5.0%+1.1%
Q1 2024-3.7%-3.0%+1.5%
Q4 2023+1.9%+1.6%-2.8%
Q3 2023+4.6%+2.9%+6.3%
Q2 2023+4.5%+2.5%+1.4%
Q1 2023+0.4%-2.6%+4.3%
Q4 2022+3.2%+0.3%-9.4%
Q3 2022+0.2%+1.2%+3.2%
Q2 2022-0.5%-0.6%-2.8%
Q1 2022+1.7%-0.2%-3.7%
Q4 2021+1.7%+0.0%-4.0%
Q3 2021+0.3%+1.5%+0.4%
Q4 2020+3.1%-0.1%+3.6%

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