Ares Capital Q2 2020 Earnings Report

Ares Capital announced financial results for the second quarter ended June 30, 2020.

Key Takeaways

Ares Capital reported a GAAP net income of $277 million or $0.65 per share, Core EPS of $0.39 per share, and total assets of $14.5 billion. The company made $867 million in new investment commitments and exited approximately $1.5 billion of investment commitments.

Delivered strong second quarter core and GAAP earnings with growth in net asset value.

Portfolio of primarily defensive, high quality, upper middle market companies remains well positioned.

Added $1 billion of debt capital commitments, further enhancing funding profile and increasing available capital to more than $4 billion.

Strong capital base is primarily comprised of stockholders equity and unsecured term notes with no near term maturities.