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Mar 31, 2021
Ares Q1 2021 Earnings Report
Ares reported first quarter 2021 results with significant AUM growth.
Key Takeaways
Ares Management Corporation reported GAAP net income of $58.4 million for the first quarter ended March 31, 2021. The company's AUM surpassed $200 billion, supported by strong fundraising and fund performance. Fee related earnings were $128.5 million for the quarter.
Ares surpassed $200 billion in assets under management.
AUM grew by 39%.
Fee related earnings increased by 38%.
Ares declared a quarterly dividend of $0.47 per share of its Class A common stock.
Forward Guidance
Ares anticipates a constructive market backdrop and strong fundamentals for the core drivers of its business, expecting favorable industry tailwinds and significant expansion opportunities in the long term.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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