Q4 2021 Owl Rock Capital Corp Earnings Call

Good morning.

And welcome to the Owl Rock capital Corporation's fourth quarter 2021 earnings call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you'd like to ask a question. During this time simply press the star key followed by the number one on your telephone keypad, if you'd like to withdraw your question Press Star one one.

Again, I'd like to advise all parties that this conference is being recorded I'll now turn the call over to Dana Sclafani head of Investor Relations for O R. G C.

Thank you operator, good morning, everyone and welcome to Owl Rock capital Corporation's fourth quarter earnings call. Joining me. This morning are Chief Executive Officer, Craig Packer, Our Chief Financial Officer, and Chief Operating Officer, Jonathan Land and other members of our senior management team I'd like to remind our listeners that remarks made during today's call may contain forward looking statements.

What's your not a guarantee of future performance or results and involve a number of risks and uncertainties that are outside the company's control actual results may differ materially from those in forward looking statements as a result of a number of factors, including those described in our SEC filings with the SEC. The company assumes no obligation to update any forward looking statements. We will also be re.

Affirming to non-GAAP measures on today's call, which are reconciled to GAAP figures in our earnings press release and supplemental earnings presentation available on the Investor Relations section of our website at Owl Rock Capital Corporation Dot com with that I'll turn the call over to Craig.

Thanks, Dana good morning, everyone and thank you for joining us today.

We're extremely pleased with our fourth quarter and full year results, we've been able to fully deploy the portfolio.

Operating comfortably within our target leverage range over earn our dividend improve our Roe.

Further optimize our balance sheet.

Our net investment income per share was 35 cents up two cents versus the third quarter and up 35% since the first quarter, which we believe reflects the strong earnings potential of the business and once again provided strong coverage of our dividend.

The growth in earnings reflects another strong quarter of strong and accretive origination and repayment activity and continued strength in our dividend and other income.

As a result of over earning our dividend.