Blue Owl Capital: Valuation Beginning To Reflect Reality

OBDC trades at a 10.3% yield (pro forma based on the expected supplemental dividend and declared base dividend) and a 6% premium to book. Its net income price yield is 11.5%, roughly in line with the sector median. Quarter Update Net income fell to $0.47 after two years of rises. The main drivers of the income drop were lower leverage as well as the shift in the portfolio towards first-lien assets. A CLO takeout was a nonrepeatable cost to net income of around a penny. Nikada In this article, we take a look ...