Sixth Street Specialty Lending

TPG Specialty Lending, Inc. is a specialty finance company, which focuses on lending to middle-market companies. Its investment comprises first-lien debt, second-lien debt, mezzanine and unsecured debt and equity, and other investments. The company was founded in July 2011 and is headquartered in Fort Worth, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Sixth Street Specialty Lending (TSLX) excels in Q2 performance

TSLX delivered a strong performance in Q2 2024, driven by robust financial metrics, proactive deal activity, and effective risk management strategies.
The company's focus on disciplined capital allocation, credit underwriting standards, and strategic decision-making underscores a commitment to sustainable growth and value creation.
While facing challenges such as systemic risks and market dynamics, TSLX remains poised to leverage opportunities through strategic initiatives and prudent risk management practices.

Sixth Street Specialty Lending (TSLX) exceeds dividend expectations in Q3

Sixth Street Specialty Lending (TSLX) delivered a resilient performance in Q3, exceeding dividend expectations and showcasing proactive investment strategies.
Despite challenges posed by interest rate dynamics, the company's strong financial position and diversified portfolio provide a solid foundation for future growth.
Opportunities lie in TSLX's strategic investments, robust deal pipeline, and focus on prudent risk management to drive sustained value creation.
Navigating challenges and leveraging opportunities will be key for TSLX to maintain its growth trajectory and enhance shareholder returns in a dynamic market environment.

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Golub Capital BDC

Main Street Capital

Let's talk income investments that are usually reserved for rich folks: deal-making private-equity (PE) funds!

BDCs Put 10%+ Private Equity Yields In The Working Man's Pocket

Main Street Capital and Sixth Street Specialty Lending, Inc. have outperformed the broader BDC space. Both have solid balance sheets and high-performing investment portfolios along with very attractive and well-covered dividends. We compare them side-by-side.

7-9%-Yielding Best-Of-Breed BDCs: Main Street Or Sixth Street?

Sixth Street Specialty Lending is currently paying out a 9.2% base dividend yield. The BDC is currently swapping hands for a 19% premium to NAV per share. NAV is set to grow further on the back of net investment income spillover and a dividend that is 113% covered.

Sixth Street Specialty Lending: The 9.2% Yield Is One To Hold

AGNC Investment

ARMOUR Residential REIT

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Chimera Investment

Capital Southwest

Dynex Capital

Invesco Mortgage Capital

Orchid Island Capital

Two Harbors Investment

Mortgage REIT book values were slaughtered. BDC values were not. I'm including our Q3 2023 earnings and BV estimates for stocks chosen by readers. When interest rates rip higher, it is usually very bad for mortgage REITs.

The Devastation Of Book Value In Q3 2023

Extra Space Storage

NextEra Energy

PepsiCo

Dividend stocks in sectors like renewable power, real estate, utilities, and consumer staples have taken a hit from rising interest rates. The US government's deficit spending and debt issuance, combined with the Federal Reserve's tightening policies, continue to push interest rates higher. Higher rates have negative effects on the US government budget, business sector, and housing market, leading to economic consequences that the Fed won't be able to tolerate for an extended period.

'Higher For Longer' Is Totally Unsustainable: Buy Defensive Dividend Stocks

NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX) (“TSLX” or “the Company") announced today that it will release its financial results for the third quarter ended September 30, 2023 on Thursday, November 2, 2023, after the market closes. TSLX invites all interested persons to its webcast / conference call on Friday, November 3, 2023 at 8:30 a.m. Eastern Time to discuss its third quarter ended September 30, 2023 financial results. Conference Call Information: The confe.

Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Third Quarter Ended September 30, 2023 Financial Results

Sixth Street Specialty Lending, Inc. delivered strong Q2 results with a 4% total NAV return and a 4% increase in dividends. The portfolio is well-diversified, focusing on the Tech, Healthcare, and Human Resources sectors. Sixth Street remains a top performer in the sector with consistent performance and a reasonable valuation.

Sixth Street Specialty Lending Q2 Update: Strong Results, Boost To The Supplemental

Sixth Street Specialty Lending is a BDC that provides financing options to small and medium-sized US enterprises. TSLX's conservative capital allocation policy has resulted in underperformance compared to peers, but this creates an attractive entry point. TSLX has minimal idiosyncratic exposures, a prudent funding approach, and offers juicy cash flows, making it a solid investment.

Sixth Street Specialty Lending: Best Of Breed In BDC Space

Blackstone Secured Lending Fund

Blue Owl Capital Corp

BDC reach has expanded to include more opportunities and potential clients. Almost any size and type of company can now benefit by working with a BDC. BDCs lend to companies that cannot readily access traditional lenders for some reason or another.

BDC Income For Life

NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE:TSLX) (“TSLX” or the “Company”) announced today that it has priced an underwritten public offering of $300.0 million in aggregate principal amount of 6.950% notes due 2028. The notes will mature on August 14, 2028 and may be redeemed in whole or in part at TSLX's option at any time at par plus a “make-whole” premium, if applicable. TSLX expects to use the net proceeds of the offering to pay down outstanding debt under its rev.

Sixth Street Specialty Lending, Inc. Prices Public Offering of $300.0 million 6.950% Unsecured Notes due 2028

Although the revenue and EPS for Sixth St (TSLX) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Sixth St (TSLX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the “Company”) today reported financial results for the second quarter ended June 30, 2023. Please view a printable version of the 2023 Second Quarter Results. Conference Call Information: A conference call to discuss the Company's financial results will be held at 8:30 a.m. Eastern Time on August 4, 2023. The conference call will be broadcast live in listen-only mode on the Investor Resources section of TSLX's webs.

Sixth Street Specialty Lending, Inc. Reports Second Quarter 2023 Earnings Results; Declares a Third Quarter Base Dividend Per Share of $0.46, and a Second Quarter Supplemental Dividend Per Share of $0.06

Sixth Street Specialty Lending yields 9.2% on its regular quarterly distribution, plus 0.8% for its supplemental payout, for a total yield of ~10%. NII jumped 20% in Q1 '23. Strong distribution coverage of 1.22X.

Sixth Street Specialty Lending: 10% Yield, Strong Q1 Earnings

Sixth Street Specialty Lending, Inc. is paying out a 9.4% regular dividend yield. This was 119% covered by fiscal 2023 first quarter net investment income. The business development company's spillover income of $0.87 per share is set to power future supplementals through 2023 and 2024.

Sixth Street Specialty Lending: The 9.4% Dividend Yield Is Getting Fatter

NEW YORK--(BUSINESS WIRE)--The board of directors (the “Board”) of Sixth Street Specialty Lending, Inc. (NYSE: TSLX) (“TSLX” or “the Company") announced today that Ms. P. Emery (“Pem”) Covington was appointed to the Company's Board of Directors on July 10, 2023. Ms. Covington's appointment brings the total number of directors to ten, six of whom are not “interested persons” of the Company as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended. Ms. Covington will serve.

Sixth Street Specialty Lending, Inc. Expands its Board of Directors and Appoints P. Emery Covington to the Board

NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX) (“TSLX” or “the Company") announced today that it will release its financial results for the second quarter ended June 30, 2023 on Thursday, August 3, 2023, after the market closes. TSLX invites all interested persons to its webcast / conference call on Friday, August 4, 2023 at 8:30 a.m. Eastern Time to discuss its second quarter ended June 30, 2023 financial results. Conference Call Information: The conference call w.

Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Second Quarter Ended June 30, 2023 Financial Results

Sixth Street Specialty Lending offers an attractive yield and has consistently delivered strong shareholder returns. TSLX has a healthy portfolio, reasonable leverage, and is well-positioned to benefit from volatility in the regional bank sector. The stock is a strong pick for income investors due to its ample room for special dividends, improving debt-to-equity ratio, and attractive valuation.

Sixth Street Specialty Lending: 9.7% Yield And Investment Grade Credit Rating

Ares Capital

Barings BDC Inc

PennantPark Investment

We take a look at the action in business development companies through the third week of May and highlight some of the key themes we are watching. BDCs had a good week with a 2.5% total return. A rise in net income over Q1 has supported the sector in a difficult market.

BDC Weekly Review: Fees - A Potential Hedge For Lower Interest Income

We catch up on Q1 results from BDC Sixth Street Specialty Lending and highlight key income dynamics of the portfolio. TSLX had a very strong quarter with a 4.1% total NAV return. Both net income and the NAV registered gains.

TSLX: Another Quarter Of Outperformance For This 11.2% Yielding BDC

TCG BDC

Owl Rock Capital Corp

BDCs were up on the week, buoyed by strong earnings numbers. Companies in the sector continue to manage the amount of their outstanding shares with largely positive consequences for investors.

BDC Weekly Review: BDCs Busy With Share Issuance And Buybacks

Sixth Street Specialty Lending, Inc. (NYSE:TSLX ) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Cami VanHorn - Head, Investor Relations Joshua Easterly - Chief Executive Officer Bo Stanley - President Ian Simmonds - Chief Financial Officer Conference Call Participants Kevin Fultz - JMP Securities Mark Hughes - Truist Securities Jordan Wathen - Wells Fargo Securities LLC Erik Zwick - from Hovde Group Robert Dodd - Raymond James Ryan Lynch - KBW Melissa Wedel - JPMorgan Operator Good morning and welcome to the Sixth Street Specialty Lending, Inc.'s First Quarter ended March 31, 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded on Tuesday, May 9, 2023.

Sixth Street Specialty Lending, Inc. (TSLX) Q1 2023 Earnings Call Transcript

Sixth Street (TSLX) came out with quarterly earnings of $0.53 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.46 per share a year ago.

Sixth Street (TSLX) Q1 Earnings Match Estimates

NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the “Company”) today reported financial results for the first quarter ended March 31, 2023. Please view a printable version of the 2023 First Quarter Results. Conference Call Information: A conference call to discuss the Company's financial results will be held at 8:30 a.m. Eastern Time on May 9, 2023. The conference call will be broadcast live in listen-only mode on the Investor Resources section of TSLX's website.

Sixth Street Specialty Lending, Inc. Reports First Quarter 2023 Earnings Results; Declares a Second Quarter Base Dividend Per Share of $0.46, and a First Quarter Supplemental Dividend Per Share of $0.04

Sixth St (TSLX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Sixth Street (TSLX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX) (“TSLX” or “the Company") announced today that it will release its financial results for the first quarter ended March 31, 2023 on Monday, May 8, 2023, after the market closes. TSLX invites all interested persons to its webcast / conference call on Tuesday, May 9, 2023 at 8:30 a.m. Eastern Time to discuss its first quarter ended March 31, 2023 financial results.

Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its First Quarter Ended March 31, 2023 Financial Results

News for Sixth Street Specialty Lending ETF (TSLX)