Ares Management Corporation (NYSE: ARES) reported strong financial results for the first quarter ended March 31, 2025, with continued momentum in fundraising, investing activity, and earnings growth.
NEW YORK--(BUSINESS WIRE)-- Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2025.
GAAP net income attributable to Ares Management Corporation was $47.2 million for the quarter ended March 31, 2025. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.00 for the quarter ended March 31, 2025.
After-tax realized income was $381.4 million for the quarter ended March 31, 2025. After-tax realized income per share of Class A common stock was $1.09 for the quarter ended March 31, 2025. Fee related earnings were $367.3 million for the quarter ended March 31, 2025.
“We reported strong first quarter results with robust fundraising and investing activities, 20% or more year-over-year growth in many of our key financial metrics and assets under management that surpassed a half a trillion dollars,” said Michael Arougheti, Chief Executive Officer of Ares. "We are also pleased with the initial integration progress for our recently closed and highly strategic acquisition of GCP International, which significantly bolsters our Real Assets business.”
“With a record amount of assets under management not yet paying fees of nearly $100 billion, we remain well positioned to make attractive investments in a volatile market environment,” said Jarrod Phillips, Chief Financial Officer of Ares. “We have a history of resilient growth during market dislocations as our management fee centric and asset-light business model enables us to perform well through market cycles.”
Common Stock Dividend
Ares declared a quarterly dividend of $1.12 per share of its Class A and non-voting common stock, payable on June 30, 2025 to its Class A and non-voting common stockholders of record at the close of business on June 16, 2025.
Preferred Stock Dividend
Ares declared a quarterly dividend of $0.84375 per share of its 6.75% Series B mandatory convertible preferred stock, payable on July 1, 2025 to its preferred stockholders of record at the close of business on June 15, 2025.
Dividend Reinvestment Program
Ares has a Dividend Reinvestment Program for its Class A common stockholders that will be effective for the quarterly dividend on June 30, 2025. Equiniti Trust Company is engaged to administer the plan on behalf of Ares. Additional information can be located on the Investor Resources section of our website.
Additional Information
Ares issued a full detailed presentation of its first quarter 2025 results, which can be viewed at
www.aresmgmt.com on the Investor Resources section of our home page under Events and Presentations. The presentation is titled “First Quarter 2025 Earnings Presentation.”
Conference Call and Webcast InformationAres will host a conference call on May 5, 2025 at 11:00 a.m. (Eastern Time) to discuss first quarter results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at
http://www.aresmgmt.com. Please visit the website to test your connection before the webcast. Domestic callers can access the conference call by dialing +1 (800) 225-9448. International callers can access the conference call by dialing +1 (203) 518-9708. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected and to reference the conference ID ARESQ125. For interested parties, an archived replay of the call will be available through June 5, 2025 to domestic callers by dialing +1 (800) 723-0394 and to international callers by dialing +1 (402) 220-2649. An archived replay will also be available through June 5, 2025 on a webcast link located on the Home page of the Investor Resources section of our website.
About Ares Management CorporationAres Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit
www.aresmgmt.com.
Investor Relations Contacts Greg Mason
gmason@aresmgmt.com (800) 340-6597
Carl Drake
cdrake@aresmgmt.com (800) 340-6597
Source: Ares Management Corporation