Corporate Capital Trust (CCT) Misses Q1 EPS by 3c

Corporate Capital Trust (NYSE: CCT) reported Q1 EPS of $0.39, $0.03 worse than the analyst estimate of $0.42.

• Net investment income of $49.5 million, or $0.39 per share, as compared to $51.5 million, or $0.38 per share, for the prior quarter
• Net realized and unrealized gains on investments of $23.4 million, or $0.18 per share, resulting from $6.5 million of net realized losses and $29.9 million of net unrealized appreciation. This compares to net realized and unrealized depreciation on investments of $44.3 million, or $(0.33) per share, for the prior quarter
• Paid regular cash dividends to stockholders totaling $0.40 per share
• Net asset value of $19.72 per share, compared to $19.55 as of December 31, 2017
• For the quarter ended March 31, 2018, the Net Investment Income / Dividend coverage ratio was 97% and 101% net of the dividend reinvestment

For earnings history and earnings-related data on Corporate Capital Trust (CCT) click here.

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