Ares Management

Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S. and European direct lending. The Credit Group provides solutions for traditional fixed income investors seeking to access the syndicated bank loan and high yield bond markets and capitalize on opportunities across traded corporate credit. It additionally provides investors access to directly originated fixed and floating rate credit assets and the ability to capitalize on illiquidity premiums across the credit spectrum. The Private Equity Group segment manages shared control investments in corporate private equity funds. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. The company was founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosenthal in 1997 and is headquartered in Los Angeles, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Ares Management reports robust Q4 performance and eyes growth opportunities

Ares Management's Q4 2022 earnings call highlighted strong performance, fundraising success, and growth opportunities across various investment strategies and regions.
Despite challenges in real estate valuations and margin expansion, the company's strengths in active credit deployment, energy transition investments, and wealth management flows position it well for future growth.
With a focus on aligning incentives, driving growth in Asia, and expanding secondaries business, Ares Management demonstrates resilience and strategic foresight in navigating market dynamics.

Ares Management reports robust growth and eyes market opportunities

Ares Management's Q1 2023 performance showcased strong growth in AUM, management fees, and positive fund performance. The company is strategically positioned to capitalize on market opportunities, with a focus on margin expansion and scaling acquired platforms. Challenges include uncertainties in investment income prediction and potential credit risks in certain sectors.

Ares Management excels in Q2 with strong returns and growth

Ares Management delivered strong financial performance in Q2 2023, driven by robust investment returns and fundraising achievements.
The company's strategic strengths lie in its diverse investment strategies, market positioning, and efforts in wealth management.
Challenges such as elevated rates and potential defaults require effective risk management strategies and adaptation.
Opportunities for growth include market dynamics, margin expansion, and capturing more market share in key segments.

Ares Management reports robust Q3 performance and eyes growth opportunities

Ares Management's Q3 earnings call highlighted strong financial performance, growth in commitments, and positive results across various investment strategies. The company's focus on fundraising, expansion in diverse regions, and strong deployment activity position it well for future growth. While facing challenges related to timing shifts and fund durations, Ares can leverage opportunities in the Alt Credit pipeline and private credit market for sustained success.

Ares Management reports record Q4 income and strong investor demand

Ares Management's Q4 2023 earnings call reflects a robust financial performance, strong investor demand, and strategic growth initiatives. With a solid foundation of over $110 billion in dry powder, the company is poised for continued success in deploying capital and expanding its presence in key markets. Despite challenges in market dynamics, Ares Management's diversified business model and proactive approach to risk management position it well for future growth.

Ares Management exceeds AUM goals, anticipates M&A growth opportunities

Ares Management reports robust performance with increased dividends and AUM exceeding projections. Strong fundraising momentum and growth potential across various business lines. Optimistic outlook on M&A activity and opportunities in key markets.

Ares Management reports record fundraising and strategic growth initiatives

Ares Management shows robust financial performance with strong dividend growth and investment activity.
The company capitalizes on real estate and digital infrastructure opportunities while expanding wealth management.
Challenges include managing costs and balancing profitability with sustainable growth strategies.
Opportunities lie in global expansion, distribution diversification, and maximizing origination profitability.

Ares Management's Q3 performance showcased strong growth in management fees, successful fundraising, and expansion in wealth management and real assets.
Despite challenges with comp ratios and tax structures, Ares' focus on scaling partnerships and product offerings positions them for future growth and earnings in 2025.
The company's emphasis on meeting investor demand, enhancing client experience, and diversifying its business mix highlights a strategic approach to long-term success.
Ares Management's financial performance and strategic initiatives present opportunities for growth through capital attraction, acquisitions, and market expansion.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Ares Management Corp. engages in the provision of investment and consultancy services. It operates through the following segments: Credit Group, Private Equity Group, Real Assets Group, Secondaries Group, and Other. The Credit Group segment includes the management of strategies across the liquid and illiquid spectrum, direct lending, and Asia-Pacific. The Private Equity Group segment involves the categorization of investment strategies as corporate, special opportunities, and Asia-Pacific. The Real Assets Group segment focuses on equity and debt strategies across infrastructure investments. The Secondaries Group segment consists of investment in secondary markets, alternative asset class strategies, private equity, real estate, infrastructure, and credit. The company was founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosenthal in 1997 and is headquartered in Los Angeles, CA.

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that it has entered into a definitive agreement to acquire the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”), and existing capital commitments to certain managed funds, in a transaction valued at $3.7 billion. The consideration includes approximately $1.8 billion in cash and approximately $1.9 billion.

Ares Management Corporation to Acquire GCP International

LOS ANGELES--(BUSINESS WIRE)--Automated Industrial Robotics Inc. (“AIR” or the “Company”) today announced the acquisition of Robotics & Drives (“RDS”), an Ireland-based industrial automation company focused on delivering innovative solutions through robotics technology. The transaction further reinforces AIR's presence in Europe, strengthens the Company's ability to integrate robotics solutions into its automated systems and adds to the product portfolio. The transaction was funded primaril.

Automated Industrial Robotics Inc. Acquires Robotics & Drives

NEW YORK, NY / ACCESSWIRE / October 4, 2024 / Ares Management Corporation announced today that it will report earnings for the third quarter ending September 30, 2024 on Friday, November 1, 2024 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m.

Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ending September 30, 2024

Ameriprise Financial

Investors interested in Financial - Investment Management stocks are likely familiar with Ameriprise Financial Services (AMP) and Ares Management (ARES). But which of these two stocks presents investors with the better value opportunity right now?

AMP vs. ARES: Which Stock Should Value Investors Buy Now?

Ares Management is a major player in private credit, managing nearly $447 billion across various strategies, with a strong focus on credit investments. The company has experienced significant growth, with an 18% CAGR in AUM and nearly 1300% total shareholder return over the past decade. Ares is well-positioned to benefit from long-term trends in alternative investments, particularly private credit, which is expected to continue growing.

Ares Management: A Great Business, Just Too Expensive Today

BOSTON , Oct. 2, 2024 /PRNewswire/ -- Second Avenue Capital Partners (" SACP "), a Schottenstein affiliate, is pleased to announce the closing of a $175,000,000 Senior Secured Revolving Line of Credit for Gabe's, a leading off-price retailer operating in the mid-Atlantic and Southeast US. The new credit facility, which was provided by SACP and Ares Management Credit funds (" Ares "), will be used to support Gabe's ongoing growth initiatives, enhance operational flexibility, and strengthen the company's capital structure.

Second Avenue Capital Partners and Ares Management Provide Gabe's with New $175,000,000 Credit Facility

NEW YORK & MEXICO CITY--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that one of its subsidiaries has entered into a definitive agreement to acquire 100% of Walton Street Capital Mexico S. de R.L. de C.V. and certain of its affiliates (“Walton Street Mexico”), a leading real estate asset management platform focused primarily on the industrial sector with US$2.1 billion in assets under management as of June 30, 2024, from Walton Street Capital, L.L.C. (“Walt.

Ares Management Corporation to Acquire Walton Street Mexico

Ares Capital

Blackstone Group

The Fed's 50 basis points rate cut signals a potential recession, urging long-term investors to focus on quality companies with strong fundamentals. Blackstone Secured Lending, Ares Capital, and Golub Capital BDC are well-equipped to handle economic downturns due to their strong portfolios, first-lien loan exposures, and investment-rated balance sheets. BDCs like BXSL, ARCC, and GBDC have high liquidity, investment-grade credit ratings, and experienced management, positioning them favorably for economic volatility.

3 BDCs Positioned To Successfully Navigate A Recession

BOSTON , Sept. 18, 2024 /PRNewswire/ -- Schottenstein affiliates Second Avenue Capital Partners (SACP) and SB360 Capital Partners (SB360), providers of customized solutions for the retail and consumer product sectors, along with Ares Commercial Finance (Ares), are pleased to announce the closing of a $112,000,000 Senior Secured Revolving Credit Facility and Term Loan for Backcountry, the leading, premium specialty retailer of outdoor gear and apparel.

Second Avenue Capital Partners, SB360 Capital Partners, and Ares Commercial Finance Support CSC Generation Enterprise's Acquisition of Backcountry with a $112,000,000 Credit Facility

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares U.S. Real Estate Opportunity Fund IV, L.P. (“AREOF IV” or the “Fund”). Ares raised over $3.3 billion to invest in opportunistic real estate in the U.S. through equity commitments to the Fund and related transaction vehicles. This marks the largest Ares Real Estate closed-end fundraise to date and is a significant increase from t.

Ares Management Raises Over $3.3 Billion of U.S. Opportunistic Real Estate Capital

HOUSTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- ENGIE North America (ENGIE) announced that it recently closed a partnership with Ares Management Infrastructure Opportunities funds (Ares). This transaction represents the largest operating portfolio sell down for ENGIE in the U.S. and is one of the largest sales completed in the renewables sector based on total capacity. ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets.

ENGIE enters a partnership with Ares Management for a 2.7 GW portfolio of Renewables and Storage Assets in the U.S.

Ares Management is experiencing explosive growth in assets under management, with a 19% annual growth rate, reaching $447 billion, driving elevated fee revenue growth. The firm excels in credit and alternative investments, benefiting from secular growth trends in private credit, real estate, and infrastructure, offering multiple income streams. Despite strong long-term prospects and a Buy rating, Ares' current P/E ratio of 35.7x suggests it's overvalued, making it prudent to wait for a pullback.

Ares Management: A Booming Giant With A Price Tag To Match

NEW YORK, NY / ACCESSWIRE / September 3, 2024 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024 at 9:45am ET. A live audio webcast of the presentation will be available in the Investor Resources section of the Company's website at www.aresmgmt.com.

Ares Management Corporation to Present at the Barclays Global Financial Services Conference

Sixth Street Specialty Lending

The NFL season starts Thursday night with the defending Super Bowl champion Kansas City Chiefs hosting the Baltimore Ravens.

3 Stocks Ready to Profit From the NFL's Private Equity Agreement

Agree Realty

Alerian MLP ETF

Brookfield Renewable Partners

Brookfield Infrastructure Partners L.P.

Brookfield Infrastructure

VanEck Vectors BDC Income ETF

Blackstone Secured Lending Fund

Enbridge

Enterprise Products Partners

Mid-America Apartment Communities

MPLX

Realty Income Corp

Oaktree Specialty Lending

Cohen & Steers Infrastructure Fund Inc

Vanguard Real Estate ETF

Utilities Select Sector SPDR Fund

There are growing risks of a recession hitting due to weakening job numbers, rising unemployment, and weakening consumer spending capacity. We share a portfolio of high-yield stocks that should be able to weather a recession quite well. The yields range from 4.5%-14%.

Big Dividends From A Recession-Resistant Portfolio

Apollo Global Management

Brookfield Asset Management

Brookfield Corp

Carlyle Group

Golub Capital BDC

Goldman Sachs

JPMorgan Chase & Co

Main Street Capital

Blue Owl Capital

The BDC sector is now in a correction. It also faces numerous significant headwinds. We share our outlook on and approach to the sector moving forward.

Very Bad News For BDCs

Global private credit firms, including industry leader Ares Management, are increasingly focused on Italy as more small businesses which are the backbone of its economy open up to outside investors, providing buyout deal opportunities.

Ares Management leads private equity drive in Italy

Ares Management Corporation (NYSE:ARES ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Greg Mason - Co-Head-Public Markets IR Michael Arougheti - CEO Jarrod Phillips - CFO Conference Call Participants Craig Siegenthaler - Bank of America Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Brennan Hawken - UBS Bill Katz - TD Cowen Ben Budish - Barclays Ken Worthington - JPMorgan Patrick Davitt - Autonomous Research Michael Cyprys - Morgan Stanley Brian Bedell - Deutsche Bank Operator Good morning, everyone, and welcome to the Ares Management Corporation's Second Quarter Earnings Conference Call. All this time all participants are in a listen-only mode.

Ares Management Corporation (ARES) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Ares Management (ARES) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Ares Management (ARES) Q2 Earnings

Ares Management (ARES) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.90 per share a year ago.

Ares Management (ARES) Q2 Earnings Top Estimates

$12.8 Billion in New Commitments Closed in the Second Quarter, Reaching a Record of $38.3 Billion Closed in the 12 Months Ended June 30, 2024 NEW YORK, NY / ACCESSWIRE / August 2, 2024 / Ares Management Corporation (NYSE:ARES) announced today that funds managed by its Credit Group (collectively "Ares") closed approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct lending commitments across 295 transactions in the 12 months ended June 30, 2024. The $38.3 billion of commitments over the 12-month period represents a new record for the U.S. Direct Lending business.

Ares Management Announces Second Quarter 2024 U.S. Direct Lending Origination Activity

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2024. GAAP net income attributable to Ares Management Corporation was $94.9 million for the quarter ended June 30, 2024. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.43 for the quarter ended June 30, 2024. After-tax realized income was $332.0 million for the qu.

Ares Management Corporation Reports Second Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of Ares Senior Direct Lending Fund III (“SDL III” or the “Fund”). With total equity commitments of approximately $15.3 billion, SDL III was oversubscribed relative to its initial target of $10.0 billion. The total capital base for SDL III is expected to be approximately $33.6 billion, which includes equity commitments in related vehicle.

Ares Management Closes $34 Billion for U.S. Senior Direct Lending Strategy

LONDON--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that funds managed by its Alternative Credit strategy have led a £755 million preferred equity commitment in Quintain, the award-winning development and asset management company which owns and manages the iconic 85-acre Wembley Park estate in London. Quintain is owned by funds managed by Lone Star Funds (“Lone Star”), which will be contributing £337 million to the preferred equity instrument. With over £2.

Ares Management and Lone Star Partner on £755 million Preferred Equity Investment to Wembley's Quintain

Get a deeper insight into the potential performance of Ares Management (ARES) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

News for Ares Management Stock (ARES)