Earnings Call Summary | Ares Capital Corp(ARCC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Ares Capital Corp(ARCC.US) Q1 2024 Earnings Conference
The following is a summary of the Ares Capital (ARCC) Q1 2024 Earnings Call Transcript:
以下是阿瑞斯資本（ARCC）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Ares Capital recorded strong core earnings of $0.59 per share in Q1 2024, representing a 3.5% YoY increase and surpassing its regular dividend of $0.48 per share.
The GAAP net income per share also saw an increase to $0.76 in Q1 2024, from $0.72 in the previous quarter and $0.52 in Q1 2023.
The company experienced primary investment income in the quarter as a result of higher base rates and structuring fees.
The company's stockholders' equity achieved a record high of $11.9 billion or $19.53 per share, marking a 6% YoY increase.
By the end of Q1 2024, the total portfolio at fair value was $23.1 billion, a slight increase from Q4 2023, driven largely by net unrealized gains.
Ares Capital maintained a strong liquidity position with approximately $6.3 billion of total available liquidity.
Ares Capital在2024年第一季度錄得強勁的每股核心收益0.59美元，同比增長3.5％，超過了每股0.48美元的定期股息。
GAAP每股淨收益也從上一季度的0.72美元和2023年第一季度的0.52美元增至2024年第一季度的0.76美元。
由於更高的基準利率和結構性費用，該公司在本季度獲得了主要投資收益。
該公司的股東權益創下歷史新高，達到119億美元，合每股19.53美元，同比增長6％。
到2024年第一季度末，按公允價值計算的投資組合總額爲231億美元，較2023年第四季度略有增加，這主要是由未實現淨收益推動的。
Ares Capital保持了強勁的流動性狀況，可用流動性總額約爲63億美元。
Business Progress:
業務進展：
The company made $1.2 billion in new investment commitments in Q2 2024.
In Q1 2024, Ares Capital committed to new investments amounting to $3.6 billion across 61 transactions, even amidst competitive market conditions.
The weighted average LTV of new originations in Q1 2024 was below 40% with all-in yields of nearly 11%.
The company has successfully amended, extended, or raised over $7 billion of financing for ARCC in 2024.
A second-quarter 2024 dividend of $0.48 per share was declared by the company.
Ares Capital plans to include CLO issuances as part of its funding strategy due to attractive spreads and diversification options in the financing market.
該公司在2024年第二季度做出了12億美元的新投資承諾。
2024年第一季度，即使在競爭激烈的市場條件下，Ares Capital也承諾通過61筆交易進行總額爲36億美元的新投資。
2024年第一季度新發放的加權平均LTV低於40％，總收益率接近11％。
該公司已在2024年成功修改、延長或籌集了超過70億美元的ARCC融資。
該公司宣佈2024年第二季度股息爲每股0.48美元。
由於融資市場上有吸引力的利差和多元化選擇，Ares Capital計劃將CLO的發行納入其融資策略的一部分。
More details: Ares Capital Corp IR
更多詳情： 戰神資本公司投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。