Ares Q4 after-tax realized income $400.4M; FY fundraising $74B; record AUM $111B

Ares Management Corp

GAAP net income Q4 $174M ($0.86 diluted EPS); FY $474.3M ($2.42 diluted EPS).
After-tax realized income Q4 $400.4M ($1.21/share); FY $1,185.7M ($3.65/share).
Fee-related earnings Q4 $368.7M, FY $1,163.7M; raised $21B in Q4 and $74B for 2023.
Available capital at year-end $111B, a record; Q1 dividend $0.93/share payable March 29.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ares Management Corp reported fourth quarter and year ended December 31, 2023 results: net income $174.0 million and $474.3 million, respectively, EPS $0.88 and $2.44, respectively, for the quarter and year ended December 31, 2023.

Period: fourth quarter and year ended December 31, 2023
Net income: $174.0 million and $474.3 million, respectively
EPS: $0.88 and $2.44, respectively, for the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 8, 2024, the registrant issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001628280-24-003769

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