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Mar 31, 2023
Ares Q1 2023 Earnings Report
Ares reported strong growth in key financial metrics despite market volatility.
Key Takeaways
Ares Management Corporation reported GAAP net income of $94.0 million and after-tax realized income of $232.0 million for the quarter ended March 31, 2023. The company achieved mid 20% year-over-year growth in management fees and fee related earnings. With $16 billion in gross inflows in the first quarter, the company is off to a strong start with its fundraising pipeline.
GAAP net income attributable to Ares Management Corporation was $94.0 million.
After-tax realized income was $232.0 million.
Fee related earnings were $254.6 million.
Gross inflows totaled $16 billion.
Ares
Ares
Forward Guidance
Ares remains on track with its growth objectives based on its outlook for fundraising and deployment coupled with the prospects of margin expansion in the back half of this year.