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Jun 30, 2022
Ares Q2 2022 Earnings Report
Ares reported financial results for the second quarter ended June 30, 2022.
Key Takeaways
Ares Management Corporation reported GAAP net income of $39.7 million for the quarter ended June 30, 2022. The company's assets under management and fee related earnings grew by 35% or more. They raised more than $16 billion in new gross commitments during the second quarter and over $30 billion year to date.
GAAP net income attributable to Ares Management Corporation was $39.7 million.
Net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.21 on a basic and diluted basis.
After-tax realized income was $233.3 million.
Fee related earnings were $219.8 million.
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Forward Guidance
Ares has a strong fundraising pipeline heading into next year.