Ares Q2 2024 Earnings Report
Key Takeaways
Ares Management Corporation reported GAAP net income of $94.9 million for the second quarter ended June 30, 2024. The company raised $26 billion in capital and experienced double-digit growth across key financial metrics. With a record $120 billion in available capital, Ares is well-positioned to capitalize on the improving transaction environment.
GAAP net income attributable to Ares Management Corporation was $94.9 million.
Net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.43.
After-tax realized income per share of Class A common stock was $0.99.
Fee related earnings were $324.5 million.
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Forward Guidance
Ares believes that they are well positioned to capitalize on the improving transaction environment and generate additional earnings growth.