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Sep 30, 2020
Ares Capital Q3 2020 Earnings Report
Ares Capital reported strong core and GAAP earnings, driven by stable credit performance, modestly improving corporate profitability, and higher asset prices.
Key Takeaways
Ares Capital Corporation announced its financial results for the third quarter ended September 30, 2020. The company reported GAAP net income of $441 million, or $1.04 per share, and Core EPS of $0.39 per share. As of September 30, 2020, total assets were $14.95 billion and stockholders’ equity was $6.963 billion.
Ares Capital declared a fourth quarter dividend of $0.40 per share.
The company made $706 million in new investment commitments during the quarter.
Ares Capital exited approximately $352 million of investment commitments.
Available liquidity stands at more than $4.4 billion.
Ares Capital
Ares Capital
Forward Guidance
Ares Capital did not provide specific financial forward guidance in its earnings report.