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Second Quarter 2024 Earnings Presentation 0 42 65 155 112 42 GENERAL PALETTE 4 94 109 127 127 127 120 163 198 Credit 0 42 65 Private Equity BUSINESS SECTOR PALETTE 2 87 133 Real Estate 71 126 163 Strategic Initiative s Important Notice This presentation has been prepared for Ares Capital Corporation ("Ares Capitalˮ) for the benefit of its public stockholders. This presentation is solely for information purposes in connection with evaluating the business, operations and financial results of Ares Capital. Thi ...

John M Lund Photography Inc It is high time to dive back into the world of private credit. The past five years have reshaped the credit industry as the pandemic era transitioned into the era of unprecedented rising interest rates. As a reminder, just last year, the federal funds rate increased to the highest level in decades and has remained steady for months. Data by YCharts The Federal Reserve is slated to meet this week to discuss monetary policy and the possibility of near term rate cuts. Investors ...

Henrik SorensenAres Capital (NASDAQ:ARCC) presented robust net investment income results for 2Q24 on Tuesday that showed that the business development company has no problems covering its $0.48 per share per quarter dividend payout with net investment income. As a matter of fact, Ares Capital’s dividend margin of safety improved 4 percentage points in the second quarter and Ares Capital’s portfolio enjoyed strong growth while its quality remained high. The First Lien representation also increased due to ...

Nathan Howard/Getty Images News Ares Capital: Market-Leading BDC Is Hard To Beat Ares Capital (NASDAQ:ARCC) is a leading business development company with a market cap of over $13B. The BDC focuses on direct lending for the middle market, leveraging its market leadership and scale to outcompete its rivals. Its well-diversified portfolio allows ARCC investors to benefit from income investing and potential capital appreciation. Externally managed by Ares Management Corporation (ARES), the BDC benefits from ...

PM Images It's a busy week, and earnings reports can get lost in the mix as big tech is at the center stage, and an FOMC meeting is underway. While the spotlight is shining on Microsoft (MSFT), Ares Capital (NASDAQ:ARCC) just delivered a strong quarter that should set up the rest of 2024 for income investors. ARCC is the largest BDC by market cap and just beat analyst estimates on the top line by $39.87 million as they generated $755 million in revenue during Q2. ARCC delivered $0.61 in non-GAAP EPS, a ...

Core Insights - Ares Capital Corporation (ARCC) reported a 1.9% increase in shares following its second-quarter 2024 results, with core earnings of 61 cents per share exceeding the Zacks Consensus Estimate of 58 cents, reflecting a 5.2% increase from the prior-year quarter [1] Financial Performance - Total investment income rose to $755 million, a 19.1% year-over-year increase, driven by higher interest income, capital structuring service fees, and dividend income, surpassing the Zacks Consensus Estimate of $714.3 million [2] - Total quarterly expenses increased to $356 million, up 13.4% year-over-year, which was below the estimated $378.7 million [2] Portfolio Activity - The company made gross commitments of $3.86 billion to new and existing portfolio companies in the second quarter, significantly higher than the $1.22 billion in the prior-year quarter [3] - Ares Capital exited $1.38 billion of commitments compared to $1.14 billion a year ago, with a fair value of portfolio investments at $25 billion as of June 30, 2024 [3] Balance Sheet Strength - As of June 30, 2024, cash and cash equivalents totaled $601 million, an increase from $535 million as of December 31, 2023 [4] - The company had $4.5 billion available for additional borrowings, with total outstanding debt at $13 billion and total assets at $26.1 billion, exceeding the estimated $24.3 billion [4] - Stockholders' equity was reported at $12.4 billion, higher than the projected $11.5 billion, with a net asset value of $19.61 per share, up from $19.24 as of December 31, 2023 [4] Future Outlook - The growth in total investment income is expected to continue due to rising demand for customized financing, with increased investment commitments likely supporting financial performance [5]

Sergey_P We last covered Ares Capital (NASDAQ:ARCC) back at the beginning of May following its Q1 earnings release. At the time, we were neutral on the stock's forward outlook as it appeared to be fundamentally sound and offered an attractive 9.2% forward dividend yield, while its 7.3% premium to NAV was rich relative to its history of trading roughly in line with NAV. We also noted Ares Capital's management commentary, as well as the commentary of other management teams in the BDC sector, indicating that t ...

Ares Capital Corporation (NASDAQ:ARCC) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants John Stilmar - Partner, Co-Head of Public Markets IR Kipp DeVeer - CEO Scott Lem - CFO Kort Schnabel - Co-President, Los Angeles Conference Call Participants Melissa Wedel - JPMorgan Finian O'Shea - Wells Fargo Securities Paul Johnson - ABW Kenneth Lee - RBC Capital Markets Robert Dodd - Raymond James Mitchel Penn - Oppenheimer Casey Alexander - Compass Point Operator Good morning. Welcome ...

Ares Capital (ARCC) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.17%. A quarter ago, it was expected that this private equity firm would post earnings of $0.59 per share when it actually produced earnings of $0.59, delivering no surprise.Over the last four quarters, the company h ...