Fs Kkr Capital ( (FSK) ) has released its Q4 earnings. Here is a breakdown of the information Fs Kkr Capital presented to its investors.
FS KKR Capital Corp. is a publicly traded business development company that provides customized credit solutions to private middle market U.S. companies, primarily investing in senior secured debt. The company is advised by FS/KKR Advisor, LLC, a partnership between FS Investments and KKR Credit.
FS KKR Capital Corp. recently announced its financial results for the fourth quarter and full year of 2024. The company reported a first quarter 2025 distribution of $0.70 per share. Despite a slight decrease in net investment income compared to the previous year, the company highlighted its disciplined capital deployment and portfolio stability.
Key financial metrics for the quarter included a net investment income of $0.61 per share and a net asset value of $23.64 per share. The company experienced a total net realized and unrealized loss of $0.09 per share. For the year, net investment income was $2.90 per share, with total net realized and unrealized losses of $0.81 per share. The company maintained a net debt to equity ratio of 104% and distributed $2.90 per share to stockholders over the year.
FS KKR Capital’s portfolio as of December 31, 2024, had a total fair value of $13.5 billion, with 63.8% invested in senior secured securities. The weighted average annual yield on accruing debt investments was 11.3%. The company has $4.8 billion in available liquidity, which it views as a strength as private market activity continues to grow.
Looking ahead, FS KKR Capital Corp. remains focused on leveraging its diversified capital structure and available liquidity to capitalize on private market opportunities. The management’s outlook emphasizes continued strong performance and strategic capital deployment.