earnings
confidence high
sentiment positive
materiality 0.75
Ares Capital Q2 GAAP EPS $0.52, Core EPS $0.61; Q3 dividend $0.48
ARES CAPITAL CORP
2024-Q2 EPS reported
$1.28
- GAAP net income per share $0.52 in Q2 2024, down from $0.61 in Q2 2023.
- Core EPS (non-GAAP) rose to $0.61 from $0.58 YoY; net asset value per share $19.61, up from $19.24.
- Net investment income $358M, up from $314M; new investment commitments $3.9B in Q2.
- Q3 dividend declared at $0.48 per share, payable Sept 30, 2024; 15th consecutive year stable/increasing dividends.
- Debt/equity ratio 1.06x; $5B+ liquidity; issued $850M 5.95% notes, repaid $900M notes.