Ares Q1 FRE $205.7M (+59% YoY); dividend $0.61; record $92B available capital

Ares Management Corp

GAAP net income $45.9M ($0.24 diluted EPS); after-tax realized income $206.7M ($0.65/share).
Fee related earnings $205.7M, up 59% YoY; gross capital raised $13.7B in Q1.
Quarterly dividend of $0.61/share declared, payable June 30, 2022 to holders of record June 16.
Record $92B of available capital to invest; management cites strong fund performance.

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