earnings
confidence high
sentiment positive
materiality 0.75
GCM Grosvenor Q3 revenue up 16%, AUM $70.5B (+20% YoY), dividend raised 11%
GCM Grosvenor Inc.
2021-Q3 EPS reported
$0.03
revenue$340,997,000
- Revenue $118.1M (+16% YoY); GAAP net income attributable to GCMG of $4.1M.
- Adjusted Net Income $23.8M (+16%); Fee-Related Earnings $31.0M (+21%); Adjusted EBITDA $37.6M (+12%).
- AUM $70.5B (+20% YoY, +5% QoQ); Fee-Paying AUM $56.6B (+13% YoY).
- Fundraising $3B in quarter; $7B YTD; opened Frankfurt office; launched $500M structured alternatives solution.
- Quarterly dividend raised 11% to $0.10/share; payable Dec 15, 2021 to holders of record Dec 1, 2021.