Ares Q3 2020 Earnings Report
Key Takeaways
Ares Management Corporation reported GAAP net income of $47.5 million and after-tax realized income of $134.1 million for the quarter ended September 30, 2020. The company's assets under management grew by 24% year over year, driven by a record quarter of fundraising.
Ares Management Corporation reported a net income of $47.5 million for Q3 2020.
Net income per share of Class A common stock was $0.27 for Q3 2020.
After-tax realized income was $134.1 million for Q3 2020.
Fee related earnings were $106.8 million for Q3 2020.
Ares
Ares
Forward Guidance
Ares has high conviction for continued strong growth in its fee related earnings in the years ahead based on the increases in its AUM and undeployed capital, the available deployment opportunities and its pipeline of funds they are bringing to the market.