earnings
confidence high
sentiment positive
materiality 0.78
Ares Q3 GAAP net income $118.5M ($0.55/sh); realized income $316M ($0.95/sh); FRE $339.3M
Ares Management Corp
- Fee-related earnings of $339.3M; after-tax realized income of $316.0M ($0.95/sh).
- Year-to-date fundraising over $64B; management expects record ~$80B for full-year 2024.
- Q3 deployment reached nearly $30B; over $85B in AUM not yet paying fees.
- Quarterly dividend raised to $0.93/sh payable Dec 31, 2024 to holders of record Dec 17.
- Preferred dividend of $0.759375/sh declared on 6.75% Series B mandatory convertible preferred.