TCG BDC, Inc. is a closed undiversified investment company. The company is headquartered in New York, New York.
| Revenue (TTM) | $259.59M |
| Gross Profit (TTM) | $259.59M |
| EBITDA | — |
| Operating Margin | 74.00% |
| Return on Equity | 3.25% |
| Return on Assets | 4.80% |
| Revenue/Share (TTM) | $3.63 |
| Book Value | $15.61 |
| Price-to-Book | 0.74 |
| Price-to-Sales (TTM) | 3.10 |
| EV/Revenue | 43.1 |
| EV/EBITDA | 22.63 |
| Quarterly Earnings Growth (YoY) | -40.50% |
| Quarterly Revenue Growth (YoY) | -7.70% |
| Shares Outstanding | $68.81M |
| Float | 0 |
| % Insiders | 0.35% |
| % Institutions | 40.71% |
Volatility is currently expanding
Carlyle Secured Lending remains a compelling "Buy" with a 12% yield and a 27% discount to NAV. CGBD's portfolio is largely senior secured, highly diversified, and maintains a low 0.6% non-accrual rate by fair value. Joint ventures are delivering high-teens returns and are expected to drive earnings growth as transaction activity recovers.
Carlyle Secured Lending NASDAQ: CGBD reported second-quarter 2026 net investment income of $24 million, or $0.35 per share, fully covering its recently revised base quarterly dividend. The company said it continued to expand its investment portfolio and joint ventures despite what Chief Executive Officer Alex Chi described as a complicated backdrop for new deal activity shaped by macroeconomic and geopolitical uncertainty.
Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.39 per share a year ago.
WP Carey (WPC) delivered a steady dividend raise, maintaining a 5.1% yield and demonstrating resilient income performance. Four BDCs—PFLT, CCAP, CGBD, OBDC—implemented double-digit dividend cuts, reflecting sector volatility and recent price declines near 52-week lows. Despite dividend reductions, all BDCs remain in the RIG portfolio, with recommendations to hold as dividend coverage stabilizes and recovery potential emerges.
Carlyle Secured Lending (CGBD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 11:00 a.m. (Eastern Time) on Friday, August 7, 2026 to announce its financial results for the second quarter ended June 30, 2026. The Company will report its quarterly financial results on Thursday, August 6, 2026.
Carlyle Secured Lending cut its Q2'26 dividend by 12.5% to $0.35/share, aligning with industry peers facing similar pressures. CGBD's portfolio remains high quality, with a non-accrual ratio of just 0.9% (based off of fair value) and 83% of investments in first lien debt. Shares trade at a 34% discount to NAV, a steeper discount than peers, reflecting recent dividend cuts but presenting potential undervaluation.
There is a principle I have followed for 30 years in this business. When the smartest credit team on the planet starts aggressively buying a beaten-down asset class they understand better than anyone alive, you do not sit on your hands and debate whether the timing is perfect.
Carlyle Secured Lending trades near its 52-week low, offering a 12.8% yield and a 32% discount to NAV. CGBD's portfolio is 87% senior secured debt, with low non-accruals and strong sponsor backing supporting credit quality. Recent dividend cuts and lower earnings reflect floating-rate pressure, but management expects earnings improvement in late 2026 and 2027.
Carlyle Secured Lending (CGBD) cut its dividend by 12.5% due to higher losses and tighter coverage, aligning payouts with earnings. CGBD trades at a 27% discount to NAV and yields over 12%, but limited dividend coverage and macro uncertainty warrant caution. Management's aggressive share buybacks and improved non-accruals signal stabilization, yet further financial clarity is needed before turning bullish.
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