OFS Capital reports Q3 EPS 40c, consensus 37c

Reports net loss on investments of $0.25 per common share for the quarter ended September 30, 2023, primarily comprised of net unrealized depreciation. Net asset value per common share was $12.74, as of September 30, 2023. “We are pleased to announce our fourth consecutive increase in our quarterly net investment income,” said Bilal Rashid, OFS Capital’s Chairman and Chief Executive Officer. “We believe our balance sheet is well positioned in the current interest rate environment with the vast majority of our loan portfolio being floating rate and the majority of our debt being fixed-rate. At the end of the third quarter, approximately 89% of our outstanding debt matures in 2026 or later, and more than half of our outstanding debt is unsecured.”