earnings
confidence high
sentiment positive
materiality 0.75
Ares Q2 2024 after-tax realized income $332M; raises $26B in capital, declares $0.93 dividend
Ares Management Corp
- GAAP net income $94.9M ($0.43 EPS); after-tax realized income $332.0M ($0.99 per share).
- Fee related earnings $324.5M; record available capital >$120B.
- Gross fundraising $26B in quarter, highest ever; deployment second highest in firm history.
- Quarterly dividend $0.93 per share payable Sept 30, 2024 to holders of record Sept 16.
- CEO cites improving transaction environment; expects additional earnings growth.