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Jun 30, 2020
Ares Q2 2020 Earnings Report
Ares reported strong growth in core metrics, including fee related earnings and fee paying AUM.
Key Takeaways
Ares Management Corporation reported GAAP net income of $56.4 million for the second quarter ended June 30, 2020. Fee related earnings were $97.0 million. The company's fee related earnings margin reached a post IPO high.
GAAP net income attributable to Ares Management Corporation was $56.4 million.
Net income attributable to Ares Management Corporation per share of Class A common stock was $0.35.
After-tax realized income, net of Series A preferred stock dividends, was $105.3 million.
Fee related earnings were $97.0 million.
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Forward Guidance
Ares is well positioned to continue to drive growth in management fees and fee related earnings in the years ahead.