Nuveen Churchill Direct Lending Corp. Announces First Quarter 2025 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2025
0mins
Should l Buy NCDL?
Source: Newsfilter
Financial Performance: Nuveen Churchill Direct Lending Corp. reported a net investment income of $0.53 per share for Q1 2025, with a net asset value of $17.96 per share, and declared a second-quarter distribution of $0.45 per share.
Portfolio Activity: The company maintained a diversified portfolio valued at $2.08 billion across 210 companies, with 90.5% in first-lien debt, while also optimizing its capital structure by issuing $300 million in unsecured notes.
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Analyst Views on NCDL
Wall Street analysts forecast NCDL stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 14.120
Low
15.00
Averages
16.50
High
18.00
Current: 14.120
Low
15.00
Averages
16.50
High
18.00
About NCDL
Nuveen Churchill Direct Lending Corp. is a specialty finance company. The Company's investment objective is to generate attractive risk-adjusted returns through current income by investing primarily in senior secured loans to private equity-owned United States middle market companies. It invests in directly originated senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity. It primarily focuses on investments in United States middle market companies with $10 million to $100 million of EBITDA, which it considers the core middle market. Its portfolio is comprised primarily of first-lien senior secured debt and unitranche loans. It also opportunistically invests in junior capital opportunities, including second-lien loans, equity co-investments and similar equity-related securities. It is externally managed by its investment adviser, Churchill DLC Advisor LLC, and by its sub-adviser, Churchill Asset Management LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nuveen Churchill Direct Lending Corp. Announces Q4 and Full Year Earnings Release Date
- Earnings Release Schedule: Nuveen Churchill Direct Lending Corp. will report its Q4 and full-year financial results for 2025 on February 26, 2026, before market open, demonstrating the company's commitment to transparency.
- Conference Call Details: The company will host an earnings conference call at 10:00 AM Eastern Time on the same day, with participants encouraged to dial in 10-15 minutes early, ensuring timely access to financial information for investors.
- Webcast Availability: A live webcast of the earnings call will be available on the company's website, enhancing information accessibility and allowing investors and the public to stay informed about the company's financial health.
- Company Background: Nuveen Churchill, backed by TIAA, focuses on investing in middle-market companies, showcasing its expertise and market position in the private equity lending sector.
See More
Nuveen Churchill Direct Lending Corp. Schedules Q4 2025 Earnings Release
- Earnings Release Schedule: Nuveen Churchill Direct Lending Corp. will report its Q4 and full-year 2025 financial results on February 26, 2026, before market opens, demonstrating the company's commitment to transparency.
- Conference Call Details: The company will host an earnings conference call at 10:00 AM ET on the same day, allowing interested parties to dial in at (866) 605-1826, reflecting its proactive approach to investor communication.
- Webcast Availability: The earnings call will be available via live webcast on the company's website, with a replay accessible afterward, enhancing information accessibility for stakeholders.
- Company Background: Nuveen Churchill focuses on investing in senior secured loans to U.S. middle market companies and operates as a subsidiary of TIAA, showcasing its expertise and position in the private equity market.
See More
Nuveen Churchill to Report Q4 and Full Year Results on February 26
- Earnings Release Schedule: Nuveen Churchill Direct Lending Corp. will report its financial results for Q4 and the full year ended December 31, 2025, on February 26, 2026, before market open, providing investors with critical financial data and future outlook.
- Conference Call Details: The company will host an earnings conference call at 10:00 AM Eastern Time on the same day, allowing interested parties to participate by dialing (866)-605-1826 or +1 (215)-268-9877 for international calls, ensuring timely access to financial information.
- Webcast Availability: The earnings call will be available via live webcast on the company's website, with a replay accessible afterward, enhancing transparency for investors who cannot attend the live session.
- Company Background: As a specialty finance company focused on investing in senior secured loans to U.S. middle market companies, Nuveen Churchill benefits from the robust asset management capabilities of its parent company Nuveen, indicating significant future growth potential.
See More
KBW Announces Q4 2025 Index Rebalancing with Changes Across Six Indices
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- Regional Banking Index Update: The KBW Nasdaq Regional Banking Index will add Axos Financial, Inc. and remove Synovus Financial Corp., reflecting a focus on emerging banks in the sector.
- Financial Sector Dividend Yield Index Adjustments: This index will add eight companies, such as Blue Owl Capital and Franklin BSP Realty Trust, while removing eight others, demonstrating a continued pursuit of high-yield investments.
- REIT Index Expansion: The KBW Nasdaq Premium Yield Equity REIT Index will add twelve companies, showcasing confidence in the real estate market, while removing nine, reflecting a trend of market consolidation.
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KBW Announces Q4 2025 Index Rebalancing with Changes Across Six Indices
- Index Component Changes: The KBW Nasdaq Insurance Index adds four companies, including Arthur J. Gallagher & Co. and Chubb Limited, while dropping four others, reflecting market dynamics.
- Regional Banking Index Update: The KBW Nasdaq Regional Banking Index adds Axos Financial, Inc. and removes Synovus Financial Corp., indicating a focus on emerging fintech companies.
- Dividend Yield Index Adjustments: The KBW Nasdaq Financial Sector Dividend Yield Index adds eight companies and drops eight, demonstrating ongoing investor interest in high-yield investments.
- REIT Index Expansion: The KBW Nasdaq Premium Yield Equity REIT Index adds twelve companies while removing nine, reflecting the vibrancy of the real estate market and investor confidence.
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The Resurgence of Small-Caps May Propel These 7%-14% Dividend Stocks
Small-Cap Stocks on the Rise: Small-cap stocks are gaining attention as interest rates decline, with four notable stocks yielding between 7.1% and 13.3%, signaling potential bullish trends as we approach 2026.
Nuveen Churchill Direct Lending (NCDL): NCDL offers a high dividend yield of 13.0% and is involved in financing small businesses, benefiting from lower borrowing costs despite a complex relationship with Fed rate changes.
UWM Holdings (UWMC): As America's largest home mortgage lender, UWMC has a 7.1% dividend yield and is positioned to benefit from lower mortgage rates, although its shares are not considered cheap.
Redwood Trust (RWT) and Franklin BSP Realty Trust (FBRT): RWT, with a 12.7% yield, focuses on jumbo mortgages and is expected to improve earnings, while FBRT, yielding 13.3%, deals in commercial mortgage-backed securities but faces challenges in maintaining its dividend.
See More
Nuveen Churchill Direct Lending Corp. Announces Q4 and Full Year Earnings Release Date
- Earnings Release Schedule: Nuveen Churchill Direct Lending Corp. will report its Q4 and full-year financial results for 2025 on February 26, 2026, before market open, demonstrating the company's commitment to transparency.
- Conference Call Details: The company will host an earnings conference call at 10:00 AM Eastern Time on the same day, with participants encouraged to dial in 10-15 minutes early, ensuring timely access to financial information for investors.
- Webcast Availability: A live webcast of the earnings call will be available on the company's website, enhancing information accessibility and allowing investors and the public to stay informed about the company's financial health.
- Company Background: Nuveen Churchill, backed by TIAA, focuses on investing in middle-market companies, showcasing its expertise and market position in the private equity lending sector.
See More
Nuveen Churchill Direct Lending Corp. Schedules Q4 2025 Earnings Release
- Earnings Release Schedule: Nuveen Churchill Direct Lending Corp. will report its Q4 and full-year 2025 financial results on February 26, 2026, before market opens, demonstrating the company's commitment to transparency.
- Conference Call Details: The company will host an earnings conference call at 10:00 AM ET on the same day, allowing interested parties to dial in at (866) 605-1826, reflecting its proactive approach to investor communication.
- Webcast Availability: The earnings call will be available via live webcast on the company's website, with a replay accessible afterward, enhancing information accessibility for stakeholders.
- Company Background: Nuveen Churchill focuses on investing in senior secured loans to U.S. middle market companies and operates as a subsidiary of TIAA, showcasing its expertise and position in the private equity market.
See More
Nuveen Churchill to Report Q4 and Full Year Results on February 26
- Earnings Release Schedule: Nuveen Churchill Direct Lending Corp. will report its financial results for Q4 and the full year ended December 31, 2025, on February 26, 2026, before market open, providing investors with critical financial data and future outlook.
- Conference Call Details: The company will host an earnings conference call at 10:00 AM Eastern Time on the same day, allowing interested parties to participate by dialing (866)-605-1826 or +1 (215)-268-9877 for international calls, ensuring timely access to financial information.
- Webcast Availability: The earnings call will be available via live webcast on the company's website, with a replay accessible afterward, enhancing transparency for investors who cannot attend the live session.
- Company Background: As a specialty finance company focused on investing in senior secured loans to U.S. middle market companies, Nuveen Churchill benefits from the robust asset management capabilities of its parent company Nuveen, indicating significant future growth potential.
See More
KBW Announces Q4 2025 Index Rebalancing with Changes Across Six Indices
- Index Component Changes: The KBW Nasdaq Insurance Index will add four companies, including Arthur J. Gallagher & Co. and Chubb Limited, while dropping four others like Ameriprise Financial, indicating shifts in market dynamics.
- Regional Banking Index Update: The KBW Nasdaq Regional Banking Index will add Axos Financial, Inc. and remove Synovus Financial Corp., reflecting a focus on emerging banks in the sector.
- Financial Sector Dividend Yield Index Adjustments: This index will add eight companies, such as Blue Owl Capital and Franklin BSP Realty Trust, while removing eight others, demonstrating a continued pursuit of high-yield investments.
- REIT Index Expansion: The KBW Nasdaq Premium Yield Equity REIT Index will add twelve companies, showcasing confidence in the real estate market, while removing nine, reflecting a trend of market consolidation.
See More
KBW Announces Q4 2025 Index Rebalancing with Changes Across Six Indices
- Index Component Changes: The KBW Nasdaq Insurance Index adds four companies, including Arthur J. Gallagher & Co. and Chubb Limited, while dropping four others, reflecting market dynamics.
- Regional Banking Index Update: The KBW Nasdaq Regional Banking Index adds Axos Financial, Inc. and removes Synovus Financial Corp., indicating a focus on emerging fintech companies.
- Dividend Yield Index Adjustments: The KBW Nasdaq Financial Sector Dividend Yield Index adds eight companies and drops eight, demonstrating ongoing investor interest in high-yield investments.
- REIT Index Expansion: The KBW Nasdaq Premium Yield Equity REIT Index adds twelve companies while removing nine, reflecting the vibrancy of the real estate market and investor confidence.
See More
The Resurgence of Small-Caps May Propel These 7%-14% Dividend Stocks
Small-Cap Stocks on the Rise: Small-cap stocks are gaining attention as interest rates decline, with four notable stocks yielding between 7.1% and 13.3%, signaling potential bullish trends as we approach 2026.
Nuveen Churchill Direct Lending (NCDL): NCDL offers a high dividend yield of 13.0% and is involved in financing small businesses, benefiting from lower borrowing costs despite a complex relationship with Fed rate changes.
UWM Holdings (UWMC): As America's largest home mortgage lender, UWMC has a 7.1% dividend yield and is positioned to benefit from lower mortgage rates, although its shares are not considered cheap.
Redwood Trust (RWT) and Franklin BSP Realty Trust (FBRT): RWT, with a 12.7% yield, focuses on jumbo mortgages and is expected to improve earnings, while FBRT, yielding 13.3%, deals in commercial mortgage-backed securities but faces challenges in maintaining its dividend.
See More
