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Ares Capital ARCC Carry forward of excess distributable earnings

Carry forward of excess distributable earnings at other companies

Ares Management Corporation logo
Ares Management CorporationARES
-$52.38M-35.4%
EastGroup Properties logo
EastGroup PropertiesEGP
$447.95M+7.4%
Ares Management Corporation logo
Ares Management CorporationARES
$46.93M+29.2%
Ares Management Corporation logo
Ares Management CorporationARES
$13.62M-52.4%
Ares Management Corporation logo
Ares Management CorporationARES
$112.97M-4.4%
American Healthcare REIT logo
American Healthcare REITAHR

Other financials

Income statement

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Net income$92.0M-61.8%
EPS (diluted)$0.13-63.9%

Balance sheet

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Cash & equivalents$505.0M-31.9%
Total debt$15.8B+13.8%
Total equity$14.1B+2.9%
Total assets$30.7B+8.3%

Cash flow

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Operating cash flow$184.0M+162%

Valuation

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Market cap$12.95B-14.7%
Enterprise value$28.29B-0.2%
P/E11.3×-0.3×

Returns & leverage

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Return on equity8.3%-2.0pp
Debt / equity1.1×+0.1×

Where this comes from

Reported directly by Ares Capital in its filing.

Tagged under the XBRL concept us-gaap:InvestmentCompanyDistributableEarningsLossAccumulatedOrdinaryIncomeLoss.

The official record: Ares Capital’s 10-K, filed February 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ares Capital's carry forward of excess distributable earnings?
Ares Capital (ARCC) reported carry forward of excess distributable earnings of $988M in Q4 2025.
How has Ares Capital's carry forward of excess distributable earnings changed year-over-year?
Ares Capital's carry forward of excess distributable earnings increased by 12.5% year-over-year, from $878M to $988M.
What is the long-term trend for Ares Capital's carry forward of excess distributable earnings?
Over 5 years (2020 to 2025), Ares Capital's carry forward of excess distributable earnings has grown at a 16.0% compound annual growth rate (CAGR), from $471M to $988M.
What does carry forward of excess distributable earnings mean?
The amount of earnings the company has kept that could be distributed in the future.
How do you interpret carry forward of excess distributable earnings?
Higher levels provide a buffer for maintaining dividends during periods of lower investment income.
How does carry forward of excess distributable earnings compare across companies?
Standard for BDCs and REITs; peers use this to demonstrate dividend sustainability.