Owl Rock Capital Q4 results reflect higher leverage, strong credit performance

Feb. 23, 2022 5:18 PM ETOwl Rock Capital Corporation (ORCC)By: Max Gottlich, SA News Editor5 Comments

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  • Owl Rock Capital (NYSE:ORCC) fourth-quarter results were highlighted by an increase in its debt investment portfolio and robust credit performance.
  • Q4 net asset value of $15.08 per share vs. $14.95 in Q3 and $14.74 in Q4 2020.
  • Q4 net investment income of $137.85M rose from $130.49M in Q3 and $114.60M in the same year-ago period.
  • Interest income from non-controlled and non-affiliated investments were $887.75M in Q4, up from $732.30M in Q4 2020.
  • Q4 interest expense of $219.13M vs. $152.93M in Q4 of last year.
  • Net operating expenses of $527.25M jumped from $283.81M in Q4 2020.
  • Net investment commitments were $6.82B, up from $3.44B in the year-ago quarter.
  • Conference call starts on Feb. 24 at 10:00 a.m. ET.
  • Previously, (Nov. 2, 2021) Owl Rock Capital took a stake in PCF Insurance.

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