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Mar 31, 2020
Ares Q1 2020 Earnings Report
Ares Management Corporation reported first quarter 2020 results.
Key Takeaways
Ares Management Corporation reported a GAAP net loss of $31.0 million for the quarter ended March 31, 2020. Despite economic disruption, the company generated a record level of fee related earnings with growth of 31% versus the prior year period, and fee paying AUM exceeded $100 billion for the first time.
Ares workforce responded well and is operating highly effectively during the COVID-19 pandemic.
Fee related earnings grew by 31% versus the prior year period.
Fee paying AUM exceeded $100 billion for the first time.
The company is well positioned to continue growing fee related earnings by 15% or more annually.
Forward Guidance
Ares believes they are well positioned to continue growing their fee related earnings by 15% or more annually as they execute on a strong fundraising cycle and seek to make attractive, value-oriented investments from their long dated assets under management, with significant available capital of more than $33 billion.
Positive Outlook
- Strong fundraising cycle
- Attractive, value-oriented investments
- Long dated assets under management
- Significant available capital of more than $33 billion
- Flexible strategies
Challenges Ahead
- Impact of the COVID-19 pandemic
- Pandemic's impact on the U.S. and global economy
- Market volatility
- Economic disruption
- Challenging times
Historical Earnings Impact
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Avg. Return Before/After Earnings
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