Barings BDC, Inc. Reports First Quarter 2021 Results And Announces Quarterly Cash Dividend Of $0.20 Per Share streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
(2) Based on shares outstanding at the end of the period of 10,601,700
Key Highlights:
Commenting on the quarter, Christina Emery, President, stated, During the first quarter, Barings continued to drive origination flow into high quality, 1st lien senior secured middle-market investments. Additionally, our investment portfolio experienced further unrealized appreciation tied to tightening market spreads as well as improved financial performance at our underlying portfolio companies.
During the three months ended March 31, 2021, the Trust reported total investment income of $2.7 million, net investment income of $2.1 million, or $0.19 per share, and a net increase in net assets resulting from operations of $6.2 million, or $0.58 per share.
(2) Based on shares outstanding at the end of the period of 20,261,719
Key Highlights:
Commenting on the quarter, Christina Emery, President, stated, During the first quarter, Barings continued to drive origination flow into high quality, 1st lien senior secured middle-market investments. Additionally, our investment portfolio experienced further unrealized appreciation tied to tightening market spreads as well as improved financial performance at our underlying portfolio companies.
During the three months ended March 31, 2021, the Trust reported total investment income of $5.8 million, net investment income of $4.3 million, or $0.21 per share, and a net increase in net assets resulting from operations of $13.1 million, or $0.65 per share.
Barings Finances Harborwalk at Plymouth Station Phase II
Barings Continues to Execute on Apartment Strategy through Debt Financing
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CHARLOTTE, N.C., April 22, 2021 /PRNewswire/ Barings, one of the world s leading financial services firms, announced today that it has committed to finance a mezzanine development loan for phase II of the Harborwalk at Plymouth Station project, a suburban multifamily development in Plymouth, Massachusetts, a suburb of Boston. This investment was secured for a Barings equity strategy, which permits select amounts of debt investment exposure.
This commitment follows Barings initial mezzanine construction financing for phase I of the project in 2018, demonstrating Barings continued conviction in the project and in its suburban garden style apartment investment thesis. We are eager to participate in Phase II, as Phase I proved our underwriting with strong leasing and market demand said Philip
Barings Acquires Skye Suwanee Town Center prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.