NAV Stock Recent News

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.

Publicly listed US equity REITs ended June at a median 19.1% discount to their consensus NAV per share estimates, according to S&P Global Market Intelligence data. The hotel sector traded at the largest median discount to NAV at 35.5%, down from a 35.7% median discount to NAV as of May 30. Healthcare REITs continued to trade at the highest median premium, 19.3%, which is about 1.4 percentage points down from the 20.6% median premium to NAV as of May 30.

Fidus Investment covers its base dividend with net investment income and is growing net originations, supporting reliable income and portfolio growth. The portfolio has shifted toward higher-quality First Lien loans, resulting in improved credit quality and a low non-accrual ratio versus peers. The stock trades at a modest 5% premium to NAV, but strong fundamentals and dividend coverage suggest potential for a higher valuation multiple.

Small-cap REITs have been hit hard, but deep discounts and recent dividend cuts create potential upside for selective, well-researched picks. Global Medical REIT offers value after a dividend cut and new CEO, trading at a steep discount to NAV with a now well-covered 8.9% yield. Armada Hoffler, despite a lumpy earnings history and high leverage, trades at a 40% discount to NAV and offers an 8% covered yield.

LONDON , June 30, 2025 /PRNewswire/ -- Tetragon has released its Monthly Factsheet for May 2025. Net Asset Value: $3,253m Fully Diluted NAV per Share: $35.84 Share Price (TFG NA): $13.75 Monthly NAV per Share Total Return: 1.3% Monthly Return on Equity: 1.7% Most Recent Quarterly Dividend: $0.11 Dividend Yield: 3.2% Please refer to important disclosures on page three of the Monthly Factsheet.

Sixth Street Specialty Lending (TSLX) stands out for growing net investment income and maintaining a well-covered, safe 8% dividend yield. TSLX's focus on first-lien originations and improving credit quality supports its premium valuation, despite slightly above-average non-accruals. The company trades at a 34% premium to NAV, justified by robust dividend coverage and consistent income growth versus peers.

Prospect Capital offers an attractive value proposition due to its massive discount to NAV, but is best suited for investors comfortable with higher volatility. The November 2024 dividend cut has improved dividend coverage and balance sheet quality, making the payout more sustainable despite ongoing NAV concerns. Portfolio quality remains strong with a low non-accrual percentage, and PSEC's first-lien strategy supports its credit profile.