Blue Owl Capital Q2 adjusted NII rises to $0.34 per share on Mavis Tire realization

MarketBeat··US·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Blue Owl Capital reported second-quarter 2026 adjusted net investment income of $0.34 per share, up from $0.31 in the prior quarter, driven by a $274 million repayment from its Mavis Tire preferred-equity investment and higher specialty-finance dividends. The board declared a $0.31 base dividend and a $0.02 supplemental dividend. Net asset value per share declined to $14.26 from $14.41 due to an isolated markdown on Loparex, while broader portfolio metrics remained stable. Investment activity was subdued with $429 million funded versus $747 million repaid, reducing net leverage to 1.11 times. The company repurchased $35 million of shares and maintained approximately $3.5 billion in liquidity.

Impact on assets 2

Financials▲ · 2 stocks
Blue Owl Capital Corporation
OBDC
▲ PositiveCapitalrelevance

Adjusted NII rose to $0.34 per share, driven by Mavis Tire repayment and higher dividends, with declared dividends and share repurchases.

Off-coverage companies 2

Mavis Tire Express ServicesPrivate▲ Positive
Capitalrelevance

Mavis Tire's $274 million repayment contributed to Blue Owl's income, indicating a positive realization.

Loparex GroupPrivate▼ Negative
Capitalrelevance

Loparex markdown reduced net asset value per share, indicating a negative valuation impact.

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