Dafinchi AI

OWL

Financial Services

Blue Owl Capital reported fee-related earnings (FRE) of $0.23 per share and distributable earnings (DE) of $0.21 per share for Q2 2025.
Direct lending portfolio gross returns were 3% in Q2 and 13.5% over the last 12 months; alternative credit gross returns were 2% in Q2 and 15.7% over last 12 months.
Equity fundraising hit a record with over $12 billion raised in Q2 and over $36 billion over the last 12 months, nearly 90% increase from prior year.
FRE margin guidance for the year is 57% to 58%, with Q2 printing at 57%.
Management fees increased by 32% over the last 12 months, with 87% from permanent capital vehicles.
Net lease gross returns were 4.1% for Q2; real estate credit investments yielded 8.1% yield to maturity and 11.1% debt yield.
The company declared a dividend of $0.225 per share for Q2 payable on August 28 to holders of record as of August 14.
The company maintained strong credit quality with average annual realized losses at 13 basis points in direct lending.
The listing of the technology-focused BDC, OTF, contributed approximately $6 million in incremental management fees in Q2.
Year-over-year on a last 12 months basis, FRE revenues grew by 29%, FRE by 23%, and DE by 20%.

Financial Services

First-half revenues reached $672 million, up 39% from the prior year period, driven primarily by growth in M&A and capital markets.
Moelis & Company reported $365 million in revenues for Q2 2025, a 38% increase year-over-year and the highest second quarter revenues on record.
Non-compensation expense ratio for Q2 was 14.4%, with an expected full-year growth of approximately 15% compared to the prior year.
The Board declared a regular quarterly dividend of $0.65 per share, unchanged from the prior period.
The corporate tax rate was accrued at 29.5%, consistent with Q1's underlying tax rate prior to a discrete tax benefit.
The firm maintains a strong balance sheet with $475 million in cash and liquid investments and no debt.
The second-quarter compensation expense ratio was accrued at 69%, consistent with the previous quarter.

FBRT

Financial Services

NewPoint acquisition closed on July 1, 2025, expanding the company's multifamily lending platform.
Expected agency FHA volume of $4-5 billion in 2025, with $1.9 billion already closed year-to-date.
Integration of NewPoint's mortgage servicing platform is underway, with full migration expected by Q1 2026.
Anticipated earnings contribution from NewPoint to grow significantly, with GAAP net income of $23-27 million and distributable earnings of $13-17 million in 2025.
Long-term ROE for NewPoint projected to reach low teens, with immediate benefits including cost savings and increased deal flow.

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