Ares Q2 GAAP net income $144.5M, EPS $0.75; declares $0.77 dividend

Ares Management Corp

GAAP net income $144.5M ($0.74 diluted EPS); after-tax realized income $292.2M ($0.90/share).
Fee related earnings $266.1M; new gross commitments exceeded $17B in the quarter.
Quarterly dividend of $0.77/share declared, payable Sept 29, record Sept 15, 2023.
CEO Arougheti cited strong fundraising momentum and private capital shift as tailwinds.
CFO Phillips noted managed portfolios performing well with expanding balance of available capital.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ares Management Corp reported second quarter ended June 30, 2023 results: net income 144.5 million, EPS 0.75.

Period: second quarter ended June 30, 2023
Net income: 144.5 million
EPS: 0.75
Result: reported results

Exact text from the filing

GAAP net income attributable to Ares Management Corporation was $144.5 million for the quarter ended June 30, 2023. On a basic basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.75 for the quarter ended June 30, 2023.

View on SEC.gov

Browse all earnings releases →

Ares Management Corp filing history →

Source: SEC EDGAR

accession 0001628280-23-026315

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.