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Jun 30, 2024
Ares Capital Q2 2024 Earnings Report
Ares Capital reported strong Q2 2024 financial results, marked by solid year-over-year growth in Core EPS and net asset value per share.
Key Takeaways
Ares Capital Corporation announced its financial results for the second quarter ended June 30, 2024, reporting a GAAP net income of $322 million, or $0.52 per share, and Core EPS of $0.61. The company's investment activity increased, driven by deep origination capabilities and longstanding relationships.
Ares Capital declared a third quarter 2024 dividend of $0.48 per share.
GAAP net income was $322 million, or $0.52 per share.
Core EPS was $0.61.
New investment commitments totaled approximately $3.9 billion.
Ares Capital
Ares Capital
Ares Capital Revenue by Segment
Revenue by Segment
Interest Income Revenue
CapyFin.comCapital Structuring Fees Revenue
CapyFin.comDividend Income Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
Ares Capital's management expressed confidence in the company's ability to deliver attractive investment returns and highlighted the strength of its balance sheet to support future investments.
Positive Outlook
- Deep origination capabilities.
- Longstanding relationships.
- Strong credit fundamentals.
- Over $5 billion of available liquidity.
- Net debt to equity ratio of approximately 1.0x.