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Sep 30, 2023
Ares Capital Q3 2023 Earnings Report
Ares Capital reported strong Q3 2023 financial results, marked by year-over-year growth in GAAP and Core earnings per share, benefiting from higher rates and stable credit quality.
Key Takeaways
Ares Capital Corporation announced its Q3 2023 financial results, showcasing a GAAP net income of $500 million or $0.89 per share, and Core EPS of $0.59. The company's portfolio investments at fair value reached $21.929 billion. The Board of Directors has declared a fourth quarter 2023 dividend of $0.48 per share.
Ares Capital's GAAP net income was $500 million, equating to $0.89 per share.
Core EPS, a non-GAAP measure, stood at $0.59 for the third quarter.
The company declared a fourth quarter dividend of $0.48 per share.
Portfolio investments at fair value amounted to $21.929 billion as of September 30, 2023.
Forward Guidance
The investing environment is attractive from a risk/reward standpoint. Ares Capital believes that its experience, scale and market coverage position them well to benefit from current market dynamics.
Positive Outlook
- Favorable investing environment from a risk/reward perspective.
- Experience in the market.
- Large scale of operations.
- Extensive market coverage.
- Strong liquidity profile with over $800 million of new capital raised.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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