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Dec 31, 2024

Ares Capital Q4 2024 Earnings Report

Ares Capital's financial results for Q4 2024 were announced, and the first quarter 2025 dividend was declared.

Key Takeaways

Ares Capital Corporation reported GAAP net income of $0.55 per share and Core EPS of $0.55 for the fourth quarter of 2024. The company's investment portfolio at fair value reached $26.72 billion, and the board declared a first quarter 2025 dividend of $0.48 per share.

Ares Capital declared a first quarter 2025 dividend of $0.48 per share.

The company reported a GAAP net income of $0.55 per share for Q4 2024.

Core EPS for Q4 2024 was $0.55.

Portfolio investments at fair value reached $26.72 billion.

Total Revenue
$733M
Previous year: $738M
-0.7%
EPS
$0.55
Previous year: $0.63
-12.7%
Debt/Equity Ratio
1.03
Previous year: 1.07
-3.7%
Cash and Equivalents
$635M
Previous year: $535M
+18.7%
Free Cash Flow
$410M
Previous year: $302M
+35.8%
Total Assets
$28.3B
Previous year: $23.8B
+18.7%

Ares Capital

Ares Capital

Ares Capital Revenue by Segment

Forward Guidance

Ares Capital believes it is well-positioned for an increasingly active investing market in 2025, focusing on acquisition finance and growth capital opportunities, supported by a strong balance sheet.

Positive Outlook

  • Well-positioned for an increasingly active investing market.
  • Focus on acquisition finance and growth capital opportunities.
  • Supported by a strong balance sheet.
  • Ability to deliver attractive level of long-term performance.
  • Stable credit performance