Ares Capital Q4 Earnings Call Highlights

Looking ahead, Lem said changes in base rates typically take about a quarter to be fully reflected in results, and the decline in base rates during the fourth quarter is expected to create roughly $0.01 per share of earnings headwind in the first quarter of 2026, “assuming all else equal.” He also reminded investors that origination volumes and related capital structuring service fees tend to be seasonally slower in the first quarter than in the fourth.Core earnings per share were $0.50 in the fourth quarte ...