Above-Consensus Distributable Earnings
Distributable earnings per share were $0.36, surpassing analyst consensus estimates, reflecting strong portfolio performance.
Stable Loan Portfolio
The loan portfolio remained stable with no loans in default or nonaccrual, and maintained a weighted average risk rating of 3.1.
Robust Pipeline Growth
The pipeline of potential financings increased notably, growing from a weekly average of about $700 million to over $1 billion following the Fed's rate cut.
Dividend Declaration
A regular quarterly dividend of $0.35 per share was declared, with an annualized dividend yield of approximately 10.3%.
Supportive Capital Partnerships
The extension of repurchase facilities with Citi and Wells Fargo until 2026, showing strong capital support.