Monitor the impact of the new joint venture on return on equity and track whether future NII can cover the dividend. The share repurchases at a significant discount to NAV are accretive and support the stock price.
Price Chart
Executive Summary
Carlyle Secured Lending, Inc. (CGBD) reported Q4 2025 net investment income of $0.33 per share, down from $0.37 in Q3 2025. NAV per share declined to $16.26 from $16.36. The company declared a $0.40 quarterly dividend and announced a $150 million investment in a new structured credit joint venture. Share repurchases of $13.9 million were completed at a 22.6% discount to NAV.
Key Financial Metrics
Key Facts
- Q4 2025 net investment income was $0.33 per share, down from $0.37 in Q3 2025
- NAV per share decreased to $16.26 from $16.36 in the prior quarter
- Company declared a $0.40 quarterly dividend for Q1 2026
- Repurchased $13.9 million of shares at 22.6% discount to NAV, generating $0.06 per share of NAV accretion
- Announced $150 million investment in new Structured Credit Partners JV with Carlyle Credit Solutions and Sixth Street Partners
Financial Impact
$0.33 per share net investment income, $16.26 NAV per share
Risk Factors
- Declining NII could pressure dividend coverage
- NAV erosion if investment performance doesn't improve
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001544206-26-000012 |
| Document: csl-20260224.htm | 0001544206-26-000012 |
| Document: cgbd_20251231xxex991earnin.htm | 0001544206-26-000012 |
| Document: 0001544206-26-000012-index-headers.html | 0001544206-26-000012 |
| Document: 0001544206-26-000012-index.html | 0001544206-26-000012 |
| Document: 0001544206-26-000012.txt | 0001544206-26-000012 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | Press Release | $10.25 | awaiting T+60 | — | $10.49 (+2.34%) |
Oct 16, 2026 11d ago | 8-K | $10.25 | awaiting T+60 | — | $10.49 (+2.34%) |
Aug 6, 2026 11w ago | 8-K | $11.02 | awaiting T+60 | — | $10.49 (−4.81%) |
Jul 15, 2026 14w ago | 8-K | $10.70 $10.42 | ▼ −2.62% | ▼ −6.33% | $10.49 (−1.96%) |
May 11, 2026 24w ago | 8-K | $11.38 $10.28 | ▲ +9.67% | ▲ +14.06% | $10.49 (+7.82%) |
May 11, 2026 24w ago | Press Release | $11.38 $10.28 | ▼ −9.67% | ▼ −14.06% | $10.49 (−7.82%) |
Apr 15, 2026 27w ago | Press Release | $11.57 $10.48 | ▼ −9.42% | ▼ −16.47% | $10.49 (−9.33%) |
Apr 15, 2026 27w ago | 8-K | $11.57 $10.48 | ▼ −9.42% | ▼ −16.47% | $10.49 (−9.33%) |
Mar 4, 2026 33w ago | Insider Cluster | $10.82 $10.92 | ▲ +0.90% | ▼ −9.19% | $10.49 (−3.07%) |
Mar 4, 2026 33w ago | Insider Cluster | $10.82 $10.92 | ▲ +0.90% | ▼ −9.19% | $10.49 (−3.07%) |
US Market Status
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