TSLX - Sixth Street Lending: You Can Get A 9% Yield But The Stock Is No Bargain
2024-06-22 01:56:53 ET
Summary
- Sixth Street Lending Inc. is a well-managed BDC with a First Lien-centric, floating-rate investment portfolio and a 9% dividend yield.
- The central bank's guidance for a higher-for-longer rate environment may aid short-term growth, but long-term net investment income growth is uncertain.
- TSLX's 24% premium to NAV may not offer compelling risk/reward, especially in an environment of falling interest rates.
Sixth Street Lending Inc. ( TSLX ) is a well-managed business development company which a First Lien-centric, floating-rate investment portfolio, strong originations in the first quarter and a dividend yield of 9% that is covered by the BDC’s net investment income....
Sixth Street Lending: You Can Get A 9% Yield, But The Stock Is No Bargain