Ares Q1 GAAP net income $73M, fee-related earnings $301.7M; AUM up 19% YoY

Ares Management Corp

GAAP net income $73M ($0.33 diluted EPS); after-tax realized income $265.1M ($0.80/share).
Fee-related earnings $301.7M; AUM grew 19% YoY to record; raised over $17B in Q1.
Available capital nearly $115B; AUM not yet paying fees up 28%.
Quarterly dividend declared $0.93/share, payable June 28 to holders of record June 14.

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 first quarter ended March 31, 2024 results: net income $73.0 million, EPS $0.33.

Period: first quarter ended March 31, 2024
Net income: $73.0 million
EPS: $0.33
Result: reported results

Exact text from the filing

On May 2, 2024, the registrant issued a press release announcing its financial results for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001628280-24-019722

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