Chicago Atlantic BDC (LIEN) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Tripp Sullivan - PresidentPeter Sack - CEOMartin Rodgers - CFODino Colonna - PresidentPablo Zuanic - Managing Partner Operator Day, and welcome to the Chicago Atlantic BDC First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note, today's event is being recorded. I'd now like to tu ...

Lument Finance Trust Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the current views of Lument Finance Trust, Inc. (NYSE: LFT) ("LFT," the "Company," "we," "our," or "us") with respect to, among other things, the Company's operations and financial performance. You can identify these forward-looking statements by the use of words suc ...

Core Viewpoint - Starwood Property Trust, Inc. (STWD) reported a decline in adjusted distributable earnings and revenues for the first quarter of 2025, indicating challenges in its financial performance compared to the previous year [1][3][6]. Financial Performance - Adjusted distributable earnings for Q1 2025 were 45 cents per share, missing the Zacks Consensus Estimate of 46 cents and down from 59 cents per share in the same quarter last year [1]. - Net income on a GAAP basis was $112.3 million, reflecting a 27.2% decrease year over year [2]. - Total revenues amounted to $418.2 million, a decline of 20.1% compared to the prior year [3]. - Total costs and expenses were $384.2 million, down 24.6% from the previous year, primarily due to reduced interest expenses and management fees [3]. Balance Sheet Position - As of March 31, 2025, cash and cash equivalents increased to $440.6 million, up 16.6% from the prior quarter [5]. - Loans held for sale totaled $2.4 billion, slightly down from $2.5 billion in the previous quarter [5]. - The book value per share (BVPS) was $18.87, down 4.9% from $19.85 in the prior-year quarter [3]. Strategic Insights - The company continues to focus on commercial mortgage-backed securities and commercial real estate debt investments, which are expected to generate stable income [6]. - Active engagement in property acquisition and divestiture is aimed at optimizing the asset base and adapting to market changes [6]. - Despite the positive cash balance and reduced expenses, the year-over-year decline in revenues and BVPS raises concerns [6].

Fidus Investment (FDUS) Q1 2025 Earnings Call May 09, 2025 09:00 AM ET Company Participants Jody Burfening - IREdward Ross - Chairman & CEOShelby Sherard - Chief Financial OfficerMickey Schleien - MD - Equity Research Conference Call Participants Robert Dodd - AnalystSean-Paul Adams - Equity Research Analyst Operator Good day, and welcome to the Fidus First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opport ...

Financial Data and Key Metrics Changes - Total investment income for Q1 2025 was $2,000,000, a slight decline of $59,000 or 3% from the prior year period, primarily due to lower dividend income and an 8% reduction in interest income [18] - Net investment income increased by 45% year over year to $1,200,000 or $0.42 per share, compared to $840,000 or $0.33 per share in Q1 2024 [21] - Net asset value per share decreased to $21.99 from $25.31 at year-end 2024, reflecting the dilutive impact from the issuance of additional shares [22] Business Line Data and Key Metrics Changes - The portfolio stood at a fair value of approximately $62,000,000 across 19 businesses, a decline from year-end 2024, primarily due to loan repayments from three portfolio companies [10] - Debt investments now represent 72% of the portfolio, up from prior years, supporting greater earnings stability [11] - The annualized weighted average yield on debt investments was 12.2%, down from prior quarters due to one debt investment being on nonaccrual status [11] Market Data and Key Metrics Changes - The number of portfolio companies contributing to investment income decreased to 18 from 24 in the same period last year [18] - Exposure to professional services decreased from 48% to 45%, and manufacturing declined from 13% to 8%, while consumer products grew as a share of the portfolio [14] Company Strategy and Development Direction - The company aims to maintain a strong financial position and has repaid $600,000 of its revolver debt, ending the quarter with nearly $5,000,000 in cash and over $22,000,000 in available credit capacity [6] - The focus remains on disciplined execution, proactive portfolio oversight, and building sustainable shareholder value [7] - The investment strategy prioritizes structures where subordinated debt provides a yield-based return while capturing potential upside through equity participation [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic and political uncertainty affecting new investment opportunities but remains optimistic about capitalizing on conditions as they improve [6][27] - The company is committed to driving NAV growth and total returns through active portfolio oversight and sound financial management [28] Other Important Information - The company declared a regular quarterly cash dividend of $0.29 per share, payable on or about June 13, 2025 [23] - The Board of Directors renewed the share repurchase program, authorizing the repurchase of up to 1,500,000 shares [24] Q&A Session Summary - No specific questions or answers were documented in the provided content, thus this section is not applicable.