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Mar 31, 2024
Ares Q1 2024 Earnings Report
Ares reported strong year-over-year growth across key financial metrics for Q1 2024.
Key Takeaways
Ares Management Corporation reported GAAP net income of $73.0 million for Q1 2024. The company saw strong year-over-year growth, including a 19% increase in assets under management and robust fundraising of over $17 billion.
GAAP net income attributable to Ares Management Corporation was $73.0 million.
Net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.33.
After-tax realized income per share of Class A common stock was $0.80.
Fee related earnings were $301.7 million.
Ares
Ares
Forward Guidance
Ares believes they have significant capacity for growth with a record amount of available capital at nearly $115 billion and 28% growth in AUM not yet paying fees.