Ares Capital Q1 2021 Earnings Report
Key Takeaways
Ares Capital reported a strong start to 2021 with GAAP net income of $373 million, or $0.87 per share, and Core EPS of $0.43 per share. The company benefited from a well-performing portfolio and strategic capital market activities, including raising $1.4 billion of long-term debt and issuing equity at a premium to NAV.
Ares Capital reported GAAP net income of $373 million or $0.87 per share.
Core EPS was reported at $0.43 per share.
New investment commitments totaled $1.8 billion, with a focus on first lien senior secured loans.
The company exited approximately $2.1 billion of investment commitments.
Ares Capital
Ares Capital
Forward Guidance
Ares Capital did not provide specific forward guidance in the provided text. The report highlights confidence in making attractive new investments due to their market position and disciplined investment approach.