Carlyle Secured Lending: Consistently Strong Performance Drives Valuation Rerating
CGCarlyle(CG) seekingalpha.com·2024-05-30 13:47

Adam Gault In this article, we catch up on the Q1 results of Carlyle Secured Lending (NASDAQ:CGBD). CGBD trades at a dividend yield of 10.7% and a 3% premium to NAV. Its net investment income price yield is 12.7% - more than 1% above the sector median level. CGBD has a fairly typical BDC portfolio profile, with an 80%+ first lien allocation (when taking into account its investment funds). Its median company EBITDA of $81m is also in the sweet spot of the middle-market segment. Its sector exposure is tilted ...