Carlyle Secured Lending Q1 NAV falls 2.3%, resets dividend

Carlyle Secured Lending

11/05/2026 11:08

Overview

US specialty lender's Q1 net investment income per share was $0.36, NAV per share fell 2.3%

Company reset base dividend to $0.35 per share to match portfolio earnings

Stable earnings attributed to consistent credit performance amid market volatility

Outlook

Company says investment environment is increasingly attractive with expanding spreads on new originations

Carlyle Secured Lending has reset base dividend to align with current portfolio earnings

Company remains focused on leveraging platform and scaling joint ventures to take market share

Result Drivers

CREDIT PERFORMANCE - Co said stable earnings were supported by consistent credit performance amid market volatility

SPREAD EXPANSION - Co said spreads on new originations are expanding, positioning the portfolio for improved yields and stronger earnings power over time

ORIGINATION AND JV SCALE - Co said it is focused on enhancing origination engine and scaling joint ventures, both of which ended the quarter with over $1 bln in assets

Company press release: ID:nGNX9wCgZP

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Dividend
$0.35
Q1 Net Asset Value Per Share
$15.89


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy."

Wall Street's median 12-month price target for Carlyle Secured Lending Inc is $13.00, about 12.8% above its May 8 closing price of $11.52

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(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.)