What is Morgan Stanley's equity method investments?

Morgan Stanley (MSDL) reported equity method investments of $3.67B in Q1 2026.

How has Morgan Stanley's equity method investments changed year-over-year?

Morgan Stanley's equity method investments decreased by 3.1% year-over-year, from $3.79B to $3.67B.

What is the long-term trend for Morgan Stanley's equity method investments?

Over 3 years (2022 to 2025), Morgan Stanley's equity method investments has grown at a 9.5% compound annual growth rate (CAGR), from $2.87B to $3.77B.

What does equity method investments mean?

Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

Morgan Stanley (MSDL) Equity Method Investments

Screener

Equity Method Investments at other companies

Ares CapitalARCC

$13.1M-77.0%

FS KKR Capital Corp.FSK

$2.6M+44.4%

Blue Owl CapitalOBDC

$15.34B-13.3%

Blackstone Secured Lending FundBXSL

$13.94B+8.6%

Sixth Street Specialty LendingTSLX

$3.31B-2.9%

Goldman Sachs BDCGSBD

$3.23B-4.6%

Segments

By geography

See full

US$3.52B-2.4%

CA$123.19M-23.5%

GB$13.25M+9.1%

AU$12.94M+44.6%

Other financials

Income statement

See full

Net income-$4.5M-115%

EPS (diluted)-$0.05-115%

Balance sheet

See full

Cash & equivalents$80.7M+16.2%

Total debt$2.1B+2.2%

Total equity$1.7B-7.0%

Total assets$3.8B-2.2%

Cash flow

See full

Operating cash flow$86.3M+153%

Valuation

See full

Market cap$1.3B-15.6%

Enterprise value$3.27B-7.5%

P/E14.8×+5.8×

Returns & leverage

See full

Return on equity5%-5.6pp

Debt / equity1.2×+0.1×

Where this comes from

Reported directly by Morgan Stanley in its filing.

Tagged under the XBRL concept us-gaap:InvestmentOwnedAtFairValue.

The source filing: Morgan Stanley’s 10-Q, filed May 7, 2026.

Filed: May 7, 2026, 4:14 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001193125-26-211906

Line item	As of / March 31, 2026	As of / December 31, 2025
Non-controlled/non-affiliated investments, at fair value (amortized cost of $3,662,649 and $3,833,800)	$3,565,757	$3,766,757
Non-controlled/affiliated investments, at fair value (amortized cost of $11,242 and $5,239)	10,121	4,789
Controlled/affiliated investments, at fair value (amortized cost of $94,532 and $0)	93,072	—
Total investments, at fair value (cost of $3,768,423 and $3,839,039)	3,668,950	3,771,546
Cash and cash equivalents (restricted cash of $3,820 and $3,820)	80,657	81,434
Investments in unaffiliated money market fund (cost of $19,856 and $12,976)	19,856	12,976
Deferred financing costs	15,917	16,874
Interest and dividend receivable from non-controlled/non-affiliated investments	28,410	26,332

Item 1. Consolidated Financial Statements (unaudited)

FAQ

What is Morgan Stanley's equity method investments?: Morgan Stanley (MSDL) reported equity method investments of $3.67B in Q1 2026.
How has Morgan Stanley's equity method investments changed year-over-year?: Morgan Stanley's equity method investments decreased by 3.1% year-over-year, from $3.79B to $3.67B.
What is the long-term trend for Morgan Stanley's equity method investments?: Over 3 years (2022 to 2025), Morgan Stanley's equity method investments has grown at a 9.5% compound annual growth rate (CAGR), from $2.87B to $3.77B.
What does equity method investments mean?: Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.