Ares Management lowers Q1 2026 realized performance income guidance to ~$75M from ~$100M

Ares Management Corp

Preliminary Q1 2026 realized net performance income ~$75M, up from $41M in Q1 2025 but below prior ~$100M expectation.
Shortfall driven by timing of European-style funds; income now expected in later quarters of 2026.
Full-year 2026 realized net performance income still expected >$350M, compared to $169M in FY 2025.
Company reaffirms full-year outlook despite Q1 miss, citing unchanged expectations for the year.

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