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Carlyle Secured Lending: I'm Buying This Mispriced Double...
2026-05-21 · via All Articles on Seeking Alpha

Summary

  • Carlyle Secured Lending trades near its 52-week low, offering a 12.8% yield and a 32% discount to NAV.
  • CGBD’s portfolio is 87% senior secured debt, with low non-accruals and strong sponsor backing supporting credit quality.
  • Recent dividend cuts and lower earnings reflect floating-rate pressure, but management expects earnings improvement in late 2026 and 2027.
  • Private credit market shifts—wider spreads, less competition—favor CGBD’s origination environment, supporting a ‘buy’ rating for high income and value.
  • Looking for a portfolio of ideas like this one? Members of iREIT®+HOYA Capital get exclusive access to our subscriber-only portfolios. Learn More »
thirteen percent on white background. Isolated 3D illustration

ISerg/iStock via Getty Images

Now is a great time to be a high yield investor, especially as the market continues to chase growth at all costs. There are plenty of names in the REIT and BDC spaces that trade at below

23.24K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CGBD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.