NAV Stock Recent News

Blue Owl Capital Corporation delivered strong Q2 earnings, with net investment income covering dividends and shares trading at a 6.25% discount to NAV, yielding 12.22%. The company's scale, portfolio quality, and merger-driven operational synergies position it for capital appreciation and continued high dividend payouts as rates decline. OBDC's risk-adjusted returns, diversified portfolio, and focus on senior secured debt provide downside protection and attractive income in a volatile environment.

Publicly-listed US equity real estate investment trusts closed July at a median 20.3% discount to their consensus net asset value (NAV) per share estimates. The hotel REIT sector once again traded at the steepest median discount to NAV, at 35.6%. At 20.0%, the healthcare REIT sector traded at the largest premium to NAV at July-end, while the two datacenter REITs closed the recent month at a median 6.2% premium to NAV.

LONDON , July 31, 2025 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for June 2025. Net Asset Value: $3,547m Fully Diluted NAV per Share: $38.74 Share Price (TFG NA): $16.15 Monthly NAV per Share Total Return: 8.1% Monthly Return on Equity: 9.3% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 2.7% Please refer to important disclosures on page three of the Monthly Factsheet.

Boardwalk REIT delivered strong Q2 results, with AFFO per share up and guidance raised for the second consecutive quarter. Shares are trading at a steep discount to NAV, implying a 5.9% cap rate versus the REIT's reported 4.9% used for the fair value calculations, signaling further upside potential. Despite a low yield, Boardwalk retains most AFFO for growth and buybacks, capitalizing on a 25%+ discount to NAV.

Golub Capital's current valuation is not compelling, trading at a slight premium to NAV despite ongoing NAV declines and a lack of unique advantages. Dividend yield is attractive at 11.4%, but coverage is just 100%, offering no margin of safety and below sector average sustainability. Portfolio yields are declining, refinancing risk is rising, and GBDC lacks the balance sheet flexibility or equity exposure of top peers.

OXLC's Q2 2025 report revealed an 11% dividend cut and a 1-for-5 reverse stock split, reflecting ongoing NAV per share declines. The dividend cut was justified, as payout exceeded portfolio yield, but I question if the reduction was sufficient for long-term sustainability. Despite falling NAV, fixed-income holders (baby bonds and preferreds) remain well-covered, with asset coverage ratios far above regulatory minimums.

Main Street Capital stock trades at a premium to NAV, but this is justified by consistent NAV growth, tax efficiency, and unique equity investments. Including special dividends, MAIN's yield is higher than it appears, and NAV growth pushes total return to around 10.5% annually. MAIN's internally managed structure and equity investments enable NAV accretion and lower expenses, differentiating it from peers like ARCC.

Eagle Point Credit offers a high yield but suffers from massive share dilution, premium to NAV, and a poor long-term track record. ECC consistently pays out more in dividends than it earns, leading to ongoing NAV erosion and unsustainable payouts. The fund's focus on high-risk CLO tranches results in volatile returns and significant capital destruction over time.

Downgrading Blue Owl Capital to hold due to declining NAV, weaker new investment activity, and limited growth potential in a high-rate, competitive environment. Dividend yield remains attractive at 11.3%, but coverage margin has shrunk. The current earnings support payouts, but I'd like to see stronger excess coverage. OBDC trades near the high end of its NAV range, making accumulation less appealing. The valuation could move either way depending on upcoming earnings.

StorageVault Canada Inc. offers compelling long-term growth and value, despite a low dividend yield, making it attractive for total return-focused investors. Recent acquisitions and disciplined capital allocation support ongoing revenue and AFFO growth, with a resilient balance sheet despite moderate leverage. SVAUF NAV is conservatively estimated at $5.50, with potential for 30 cents annual growth, targeting $7.00 NAV and $8.40 stock price in 5 years.