Ares Q2 2023 Earnings Report

Ares reported financial results for the second quarter ended June 30, 2023.

Key Takeaways

Ares Management Corporation reported GAAP net income attributable to the company of $144.5 million, with after-tax realized income at $292.2 million and fee related earnings of $266.1 million. The company demonstrated strong fundraising momentum with over $17 billion in new gross commitments.

GAAP net income attributable to Ares Management Corporation was $144.5 million.

After-tax realized income was $292.2 million.

Fee related earnings were $266.1 million.

Ares declared a quarterly dividend of $0.77 per share.