Ares Management Corporation reports developments across its global alternative investment management platform, including credit, real estate, private equity and infrastructure strategies. Company news commonly covers quarterly results, fee and performance income, fundraising, fund closings, direct lending origination activity and dividend declarations on its common stock.
Updates also track Ares Credit funds, Ares Commercial Finance, value-add real estate vehicles, Asia credit and special situations strategies, and sub-advised credit products. Recurring themes include capital deployment, senior secured financing commitments, fundraising across asset classes, global platform expansion and operating leadership changes.
Ares Management (NYSE:ARES) reported strong financial results for the first quarter ended March 31, 2024. The GAAP net income was $73.0 million, with a per share income of $0.33. Fee related earnings were $301.7 million, showing significant growth in assets under management and fundraising. The company declared a quarterly dividend of $0.93 per share. Ares has a Dividend Reinvestment Program for its Class A common stockholders. An earnings presentation and conference call are scheduled to discuss the results.
Ares Capital announced its Q1 2024 financial results with a dividend of $0.48 per share for Q2 2024. The company reported a strong start to the year with increased earnings, low non-accruals, and moderate leverage. Ares Capital made $3.6 billion in new investment commitments in Q1 2024 and continues to support growth in existing portfolio companies. The company remains well-positioned with available capital and competitive advantages.
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