Nuveen Churchill Direct Lending Corp. (NCDL)
Nuveen Churchill Direct Lending: Steady Outperformance Continues In Q1
Nuveen Churchill Direct Lending Corp. trades at an 11.7% yield and a 26% discount, with a focus on first-lien, middle-market borrowers. NCDL's net investment income fell 4% quarter-over-quarter but less than 2% after accounting for a one-time debt financing cost. Portfolio quality remains strong: non-accruals are less than half the sector median, diversification is high, and realized losses are low relative to peers.
Nuveen Churchill Direct Lending Q1 Earnings Call Highlights
Nuveen Churchill Direct Lending NYSE: NCDL reported lower first-quarter earnings as declining base rates and one-time refinancing costs weighed on net investment income, while management said the company's middle-market portfolio remained resilient despite market volatility and negative headlines around private credit.
Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2026 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. (NCDL) Q1 2026 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. (NCDL) Q4 2025 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. (NCDL) Q4 2025 Earnings Call Transcript
Nuveen Churchill Direct Lending: Trades At A Deep Discount For A Reason
Nuveen Churchill Direct Lending Corp. is rated a sell due to declining NAV, weak earnings, and unsustainable dividend coverage. NCDL trades at a 22.46% discount to NAV, reflecting persistent headwinds, not a value opportunity. Net investment income fell to $0.43 per share, below the $0.45 dividend, signaling risk of a future cut.
Nuveen Churchill Direct Lending: Don't Fall In This Value Trap (Rating Downgrade)
Nuveen Churchill Direct Lending Corp. has recently been underperforming some of its closest peers. Yet, despite a material decline in share price, NCDL's P/NAV is almost exactly the same as for the sector median. In the article, I share my views on which direction NCDL is likely headed and why.
Nuveen Churchill Direct Lending Corp. (NCDL) Q3 2025 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. ( NCDL ) Q3 2025 Earnings Call November 4, 2025 1:00 PM EST Company Participants Robert Paun - MD & Head of Investor Relations, Retail & Wealth Kenneth Kencel - CEO, President & Chairman Shaul Vichness - CFO & Treasurer Conference Call Participants Brian Mckenna - Citizens JMP Securities, LLC, Research Division Finian O'Shea - Wells Fargo Securities, LLC, Research Division Cory Johnson - UBS Investment Bank, Research Division Arren Cyganovich - Truist Securities, Inc., Research Division Presentation Operator Welcome to Nuveen Churchill Direct Lending Corp's Third Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded for replay purposes.
Nuveen Churchill Direct Lending Corp. (NCDL) Q3 Earnings and Revenues Miss Estimates
Nuveen Churchill Direct Lending Corp. (NCDL) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.58 per share a year ago.
Nuveen Churchill Direct Lending Corp. Finally Looks Attractive To Us
Nuveen Churchill Direct Lending Corp. trades at a z-score of around "-3", far below its 8.63% historical average. NCDL offers an expected return on NAV of above 10%, compared to its bond yield of 5.7%, making the stock attractive. NCDL boasts strong fundamentals: low non-accrual loans, high asset security, and a disciplined investment strategy.
Nuveen Churchill Direct Lending: Solid Performance Despite End Of Fee Waivers
NCDL delivered outperformance in Q2 in absolute terms and particularly in valuation-adjusted basis terms. The company trades at a 10% discount and 11.1% yield. The share repurchase program and favorable fee structure demonstrate commitment to shareholder value.
Nuveen Churchill Direct Lending Corp. (NCDL) Q2 2025 Earnings Call Transcript
Nuveen Churchill Direct Lending Corp. (NYSE:NCDL ) Q2 2025 Earnings Conference Call August 6, 2025 11:00 AM ET Company Participants Kenneth John Kencel - CEO, President & Chairman Robert Paun - MD & Head of Investor Relations, Retail & Wealth Shaul Vichness - CFO & Treasurer Conference Call Participants Arren Saul Cyganovich - Truist Securities, Inc., Research Division Brian J. Mckenna - Citizens JMP Securities, LLC, Research Division Cory Johnson - UBS Investment Bank, Research Division Operator Welcome to Nuveen Churchill Direct Lending Corp.'s Second Quarter 2025 Earnings Call.
Nuveen Churchill Direct Lending Corp. (NCDL) Meets Q2 Earnings Estimates
Nuveen Churchill Direct Lending Corp. (NCDL) came out with quarterly earnings of $0.46 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.57 per share a year ago.
