财务数据和关键指标变化 - 总投资收益减少1300万美元至4.34亿美元,主要由于偿还了较高收益的头寸以及去年第四季度部分投资被列为非应计 [54] - 利息收入减少1800万美元至3.5亿美元 [55] - 股息和费用收入增加500万美元至8400万美元 [55] - 利息费用减少200万美元至1.16亿美元,加权平均债务成本为5.4% [56] - 管理费用减少100万美元至5500万美元,激励费用增加200万美元至4300万美元 [56] - 其他费用减少200万美元至800万美元 [56] - 每股净资产从24.46美元减少至24.32美元 [57] 各条业务线数据和关键指标变化 - 投资组合公允价值从146亿美元减少至142亿美元,投资组合公司数量从204家减少至205家 [37] - 组合中10大投资占比约20%,与之前季度持平 [37] - 一级贷款占比约57%,高级担保债务占比约65% [38] - 联营企业投资占比约9.8% [39] - 投资组合加权平均收益率从12.2%下降10个基点至12.1% [40] 各个市场数据和关键指标变化 - 非应计投资占成本基准的6.5%和公允价值基准的4.2%,较上季度的8.9%和5.5%有所下降 [42][43] - 由KKR Credit管理的88%投资组合中,非应计投资占成本基准2.3%和公允价值基准1% [43] 公司战略和发展方向及行业竞争 - 公司认为通胀将持续较高,利率环境将维持较长时间,因此倾向于浮动利率资产和与金融/实物资产挂钩的投资 [22] - 预计未来经济增长将放缓,但私募股权交易活动将大幅增加,为公司带来良好的投资机会 [24][25] - 公司将继续关注大型防御性行业公司和资产抵押融资投资,以应对经济环境的挑战 [22][23] 管理层对经营环境和未来前景的评论 - 管理层认为公司有强大的长期盈利能力,能够继续为股东提供有吸引力的分红 [18][65][66] - 预计2024年全年分红至少2.90美元/股,包括2.80美元/股的定期分红和0.10美元/股的特别分红 [61] - 管理层对私募信贷市场的前景保持乐观,认为公司有能力把握相关机遇 [18][19] 问答环节重要的提问和回答 问题1 **John Hecht 提问** 询问公司的投资和偿还活动情况,以及对未来趋势的看法 [69][70] **Daniel Pietrzak 回答** - 预计未来将保持一定水平的偿还,因为银团贷款市场畅通无阻,这反映了整体市场活跃度 [72][73] - 对于投资活动,预计随着私募股权交易的回暖,投资机会将大幅增加 [73][74] 问题2 **Kenneth Lee 提问** 询问公司在资产抵押融资领域的机会和竞争格局 [80] **Daniel Pietrzak 回答** - 资产抵押融资市场规模超过5万亿美元,是直接借贷、银团贷款和高收益债券市场的总和 [81][82] - 该领域目前缺乏大型资本参与者,加上一些市场趋势为公司提供良好机遇 [82][83] - 公司将继续积极参与该领域,看好其相对价值 [83] 问题3 **Bryce Rowe 提问** 询问公司未来在资本结构和再融资方面的计划 [91] **Steven Lilly 回答** - 公司将继续保持定期发债的惯例,利用目前开放的债券市场 [92][93] - 公司的债务到期日已经合理分散,资本结构较为稳健,有足够的流动性 [92][93]

F S K K R C a p i t a l C o r p . F i n a n c i a l I n f o r m a t i o n Quarter Ended March 31, 2024 All information is as of March 31, 2024 unless otherwise noted Summary of Quarterly Results ...

FS KKR Capital (FSK) reported $434 million in revenue for the quarter ended March 2024, representing a year- over-year decline of 4.8%. EPS of $0.73 for the same period compares to $0.78 a year ago. The reported revenue represents a surprise of +1.06% over the Zacks Consensus Estimate of $429.46 million. With the consensus EPS estimate being $0.71, the EPS surprise was +2.82%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

FS KKR Capital (FSK) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.82%. A quarter ago, it was expected that this business development company would post earnings of $0.76 per share when it actually produced earnings of $0.75, delivering a surprise of -1.32%. Over the last four qu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________ FORM 10-Q _________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-00757 _________________________________________________ F ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 16, 2024 FS KKR Capital Corp. (Exact name of Registrant as specified in its charter) Maryland 814-00757 26-1630040 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 201 Rouse Boulevard Philadelphia, Pennsylvania 19112 (Address of ...

Analysts on Wall Street project that FS KKR Capital (FSK) will announce quarterly earnings of $0.71 per share in its forthcoming report, representing a decline of 9% year over year. Revenues are projected to reach $429.46 million, declining 5.8% from the same quarter last year. Over the last 30 days, there has been an upward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ...

PHILADELPHIA and NEW YORK, April 16, 2024 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) announced today plans to release its first quarter 2024 results after the close of trading on the New York Stock Exchange on Wednesday, May 8, 2024. FSK will host a conference call at 9:00 a.m. (Eastern Time) on Thursday, May 9, 2024, to discuss its first quarter 2024 results. All interested parties are welcome to participate and can access the live conference call by registering using the following URL: https://regis ...

投资策略 - FSK的投资策略是专注于高度多样化的优先担保债务结构，主要包括优先担保投资，次级债务，基于资产的融资，信用机会合作伙伴JV和优先股权[3] 投资组合 - FSK的投资组合涵盖多个不同行业，其中软件与服务、资本货物和商业与专业服务占据了绝大部分[4] - FSK的投资组合包括24个不同行业的204家不同投资组公司[4] 债务结构 - FSK的投资组合中有大约89.3%的浮动利率债务和10.7%的固定利率债务[2] 财务表现 - FSK在过去的季度中表现出NII每股0.71美元，完全覆盖了每股0.64美元的分配以及每季度0.05美元的特别股息[8] - FSK的现金储备超过2.23亿美元，足以支付9800万美元的利息支出[14] 风险管理 - FSK的管理层正在努力通过扩大投资组合和保持高流动性水平来对冲非应计情况[13] 股价表现 - FSK的股价目前以-21.9%的折价交易于净资产值，过去3年的平均折价率为-20.95%[21] - FSK自2017年以来一直没有交易溢价，目前的折价交易可能为收入投资者提供高于正常水平的收益[22] 股息覆盖率 - FSK的NII每股0.71美元代表了110%的股息覆盖率，虽然足够，但更高的覆盖率将增加额外特别分配的可能性[20]

PM Images Shares of FS KKR Capital Corp (NYSE:FSK) were declining into their Q4 2023 earnings report and dramatically sold off after they Q4 numbers were published. Shares of FSK had declined by -$1.14 (-5.49%) from January 4th through February 26th, then immediately after their Q4 earnings hit the street, shares declined another -$1.15 (-5.86%) over the next two days to $18.48. Shares tried to rebound, then retraced back to the mid $18s over the next two weeks, and since then, have rebounded past the $19 l ...