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FS KKR Capital Q3 net investment income per share rises

By Reuters News


Overview

  • US business development company's Q3 net investment income per share rose to $0.46 from $0.44 in Q2

  • Company repurchased about 6 mln shares for $69 mln during the quarter

  • Net asset value per share was $18.28, slightly down from Q2


Outlook

  • FS KKR Capital declares Q4 2026 distribution of $0.44 per share and $0.20 special distribution

  • Company expects portfolio to shift toward more first lien exposure in coming quarters


Result Drivers

  • SHARE REPURCHASES - Co repurchased about 6 mln shares for $69 mln during the qtr, which management said was part of progress toward strategic goals

  • PORTFOLIO ROTATION - Co said it continued to focus on rotating its portfolio, with repayments of $442 mln and a shift toward more first lien exposure

  • YIELD INCREASE - Weighted average annual yield on accruing debt investments rose to 10.0% from 9.8% in Q2


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operating Expenses

$177 mln


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the closed end funds peer group is "buy."

  • Wall Street's median 12-month price target for FS KKR Capital Corp. is $12.00, about 4.7% above its November 4 closing price of $11.46

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago


Reuters Recommended Reads

  • Nov 2 - New Mountain Finance Q3 adjusted net investment income falls YoY

  • Nov 3 - SLR Investment Q3 investment income falls on smaller portfolio

  • Nov 4 - Prospect Capital Q1 net investment income per share declines; co posts net loss


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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