Ares Capital Q1 core EPS $0.57, up 36% YoY; declares $0.48 dividend

ARES CAPITAL CORP

2023-Q1 EPS reported $0.51

Core EPS $0.57 vs $0.42 YoY; GAAP net income $278M ($0.52 per share).
Net investment income $318M ($0.60 per share) vs $198M ($0.41) YoY.
Q2 dividend $0.48 per share, payable June 30, 2023, record June 15.
Leverage reduced to 1.09x net debt/equity from 1.26x; $4.4B available under credit facilities.
New investment commitments $766M in Q1; portfolio fair value $21.1B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ARES CAPITAL CORP reported the quarter ended March 31, 2023 results: net income $ 278, EPS $ 0.52.

Period: the quarter ended March 31, 2023
Net income: $ 278
EPS: $ 0.52
Result: reported results

Exact text from the filing

Ares Capital also announced financial results for its first quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001287750-23-000018

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