Blue Owl Capital reports Q1 NII 47c, consensus 48c

Q1 investment income increased to $399.6M from $377.6M in the prior year. “OBDC‘s Q1 results reflect a strong start to the year, achieving record net asset value per share for the third consecutive quarter while maintaining solid credit performance,” commented Craig W. Packer, CEO. “We generated a 12.1% return on equity this quarter, which we view as a very compelling rate of return for a portfolio comprised of predominantly first lien loans in high-quality, upper-middle market companies.”