For the quarter ending March 31, 2025, Solar Senior Capital Ltd. (SUNS, Financial) reported notable developments, with its portfolio achieving a total commitment level of $352.1 million. Of these commitments, $233.4 million were already funded by the end of the quarter. By April 18, 2025, the funded amount had marginally increased to $235.4 million.
During this first quarter, the TCG Real Estate platform oversaw the origination of loans worth $212.5 million. From these, SUNS had committed to $147.5 million, funding $109.8 million in both new and existing loans. This reflects a robust activity within their financial operations and underscores the company's strategic expansion efforts.
In terms of financial expectations, SUNS anticipates its book value per share to range between $13.60 and $13.90. This comes in comparison to the distributable earnings of 30 cents for the quarter ending December 31, 2024, illustrating a sustained positive trajectory in its earnings capabilities.
Looking ahead, the TCG Real Estate platform is working on two non-binding term sheets totaling $100 million. SUNS is expected to receive a share of this allocation, indicating ongoing growth potential for its investment portfolio.
