Fs Kkr Capital ( (FSK) ) has released its Q3 earnings. Here is a breakdown of the information Fs Kkr Capital presented to its investors.
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FS KKR Capital Corp. is a publicly traded business development company focused on providing customized credit solutions to private middle market U.S. companies, primarily investing in senior secured debt.
In its third quarter of 2025, FS KKR Capital Corp. reported a net investment income of $0.57 per share and declared a fourth-quarter distribution of $0.70 per share. The company’s net asset value per share increased slightly to $21.99, and it announced a strategic distribution strategy for 2026, aiming for an annualized yield of approximately 10% on its net asset value.
Key financial highlights include a total net realized and unrealized gain of $0.19 per share, a significant improvement from the previous quarter’s loss. The company also reported earnings per share of $0.76, compared to a loss of $0.75 in the prior quarter. Additionally, FS KKR Capital’s total purchases amounted to $1,142 million, while sales and repayments reached $1,483 million.
FS KKR Capital’s portfolio had a total fair value of $13.4 billion, with 63.2% invested in senior secured securities. The company’s net debt to equity ratio improved to 116%, and its weighted average annual yield on accruing debt investments was 10.6%. Investments on non-accrual status represented a smaller portion of the portfolio compared to the previous quarter.
Looking ahead, FS KKR Capital Corp. remains focused on maintaining its distribution strategy and optimizing its investment portfolio. The management is confident in achieving attractive yields consistent with the long-term trends in the business development company industry.