earnings
confidence high
sentiment positive
materiality 0.75
Ares Q3 GAAP net income $61.8M ($0.30/share); fee-related earnings $274.2M; dividend $0.77
Ares Management Corp
- GAAP net income $61.8M, diluted EPS $0.30; after-tax realized income $261.1M ($0.83/share).
- Fee related earnings of $274.2M for the quarter, reflecting continued growth.
- Gross new commitments ~$22B in Q3; available capital surpassed $100B for first time.
- Quarterly dividend declared $0.77/share, payable Dec 29, 2023 to holders of record Dec 15.