Ares Capital reports Q4 core EPS 38c, consensus 37c
As of December 31, 2017, total assets were $12.3B, stockholders' equity was $7.1B and net asset value per share was $16.65. "We finished 2017 with our highest quarterly earnings of the year, reflecting higher portfolio yields and strong portfolio performance," said Kipp deVeer, CEO of Ares Capital. "Our core earnings have improved every quarter for the last three based on strong execution on our goals of improving our portfolio yields and selectively investing in high-quality, upper middle market companies. Going forward, we believe the expansion of our strategic Senior Direct Loan Program, continued portfolio rotation opportunities and rising rates position us for further potential earnings improvement in 2018."