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Jun 30, 2021
Ares Q2 2021 Earnings Report
Ares Management reported record results driven by strong capital raising and fund appreciation.
Key Takeaways
Ares Management Corporation reported GAAP net income of $141.6 million for the second quarter ended June 30, 2021. The company achieved record results across nearly every financial metric, including fee related earnings, capital raising and fund appreciation, with assets under management reaching a record $248 billion, up 56% year-over-year.
GAAP net income attributable to Ares Management Corporation was $141.6 million.
Net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.70 on a basic basis and $0.69 on a diluted basis.
Fee related earnings was $146.9 million.
Assets under management grew to a record $248 billion, up 56% year-over-year.