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Morgan Stanley Direct Lending Fund (MSDL)
:MSDL
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.52Last Year’s EPS
0.63Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 1.92%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted several positive aspects such as strong net investment income, increased new investment commitments, and a significant milestone in committed capital. Challenges included a decrease in net investment income due to expired fee waivers and credit spread widening impacting unrealized losses. The uncertainty surrounding tariffs affecting M&A activity also posed a challenge. Overall, the positives and negatives appear to be balanced.Company Guidance
During the first quarter of 2025, Morgan Stanley Direct Lending Fund reported a net investment income of $0.52 per share, which exceeded the $0.50 per share dividend declared, driven by strong underlying credit performance with low contributions from payment in kind. New investment commitments totaled approximately $233 million, representing a significant increase in gross deployment compared to the previous quarter, with repayments amounting to $202 million. The fund's debt to net asset value (NAV) ratio modestly increased from 1.08 times to 1.11 times. The portfolio ended the quarter with a net fair value of $3.8 billion, composed of 96% first lien debt. The average yield on debt and income-producing investments was 10.2% at cost and 10.3% at fair value. The fund's net change in unrealized losses was $17 million due to credit spread widening in the secondary market. Additionally, Morgan Stanley Direct Lending Fund's NAV per share decreased slightly to $20.65 from $20.81 in the prior period. The company declared a regular distribution of $0.50 per share for the second quarter of 2025 and established a $300 million at-the-market equity issuance program to raise capital efficiently under supportive market conditions.Strong Net Investment Income
Morgan Stanley Direct Lending generated strong operating results with net investment income of $0.52 per share, exceeding the $0.50 dividend declared.
Increase in New Investment Commitments
The first quarter saw new investment commitments totaling approximately $233 million, marking a meaningful increase in gross deployment relative to the prior quarter.
Sponsor-Backed Business Milestone
Morgan Stanley Direct Lending's sponsor-backed direct lending business in North America surpassed $20 billion in committed capital.
Diverse Portfolio Composition
The portfolio comprised 96% first lien debt with significant exposure to software and insurance services sectors, which accounted for 19.5% and 12% of the portfolio at fair value, respectively.
Low Non-Accrual Rate
Non-accruals remained minimal at just 20 basis points of the portfolio at cost, with one portfolio company removed from non-accrual status during the quarter.
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Morgan Stanley Direct Lending Fund (MSDL) Earnings, Revenues Date & History
MSDL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MSDL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $19.26 | $18.60 | -3.43% |
Feb 27, 2025 | $20.20 | $19.75 | -2.23% |
Nov 07, 2024 | $19.27 | $19.29 | +0.10% |
Aug 08, 2024 | $17.91 | $18.30 | +2.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Morgan Stanley Direct Lending Fund (MSDL) report earnings?
Morgan Stanley Direct Lending Fund (MSDL) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Morgan Stanley Direct Lending Fund (MSDL) earnings time?
Morgan Stanley Direct Lending Fund (MSDL) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MSDL EPS forecast?
MSDL EPS forecast for the fiscal quarter 2025 (Q2) is 0.52.
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