Ares Q3 2022 Earnings Report

Ares Management Corporation reported third quarter results

Key Takeaways

Ares Management Corporation reported GAAP net loss attributable to Ares Management Corporation was $35.5 million for the quarter ended September 30, 2022. After-tax realized income per share of Class A and non-voting common stock was $0.75 for the quarter ended September 30, 2022. Fee related earnings were $233.2 million for the quarter ended September 30, 2022.

Assets under management grew more than 20% year over year.

Management fees increased more than 20% year over year.

Fee related earnings increased more than 20% year over year.

The company has nearly $90 billion of available capital.