Blue Owl Shares Rise After Q1 Profit Beat
The asset manager reported adjusted earnings of 19 cents per share as total assets reached 314.9 billion dollars. Growth in real estate and infrastructure helped offset recent retail redemption pressures in the direct lending sector.
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BLUE OWL CAPITAL INC reported adjusted distributable EPS of 19 cents for the first quarter, beating analyst estimates of 18 cents. Assets under management rose 15% to $314.9B as the firm diversified beyond its core direct lending business. Investors are monitoring Blue Owl's ability to navigate retail redemption pressure and reduce exposure to the software sector.
