FS KKR Capital reports Q4 adjusted NII 75c, consensus 75c

Net asset value of $24.46 per share, compared to $24.89 per share as of September 30, 2023 and $24.89 per share as of December 31, 2022. “2023 was another successful year for FSK as we generated an annual return on equity of 10% and provided shareholders with $2.95 per share of total distributions,” said Michael C. Forman, Chief Executive Officer & Chairman. “These solid results reflect the portfolio rotation work we have accomplished over the last few years. Focusing on 2024, we expect to see an increase in private market transaction activity and FSK currently expects distributions to total a minimum of $2.90 per share. While a few of our portfolio companies experienced challenges during the quarter primarily relating to inflationary pressures and the higher interest rate environment, we believe KKR’s experienced workout team is well prepared to handle these investments and generate a positive outcome.”