Ares Management Corporation Stock Price, News & Analysis

Ares Management Corporation and Apex Clean Energy have signed a nonbinding memorandum of understanding (MOU) to explore developing a large-scale green hydrogen production facility at the Port of Corpus Christi, Texas. The project aims to generate unprecedented volumes of green hydrogen and fuels necessary for decarbonizing heavy industries such as transportation and chemicals. This initiative builds on prior collaborations to develop renewable infrastructure, emphasizing Ares' commitment to sustainability and energy transition, further leveraging Texas' wind and solar resources.

Ares Management Corporation (NYSE: ARES) has acquired Capital Automotive LLC (CARS) from a Brookfield private real estate fund for $3.8 billion. This acquisition increases Ares' total net lease gross asset value to over $7 billion within the last 15 months. CARS specializes in offering sale-leaseback capital to automotive dealers across the U.S. and Canada, owning over 250 operationally essential real estate assets. Ares aims to leverage its real estate and credit teams to provide flexible net lease solutions amidst increasing market demand.

Ares Management Corporation (NYSE: ARES) announced that CEO Michael Arougheti will present at the Credit Suisse 23rd Annual Financial Services Forum on Friday, February 18, 2022, at 9:40 am EST. A live audio webcast will be available on the Company’s website, with a replay accessible shortly after the event. Ares Management is a global alternative investment manager with approximately $306 billion in assets under management as of December 31, 2021, employing around 2,100 people worldwide.

Ares Management Corporation (NYSE: ARES) reported a remarkable increase in new financing commitments, totaling approximately $33.4 billion in 2021, more than doubling the previous year’s $13.7 billion. In Q4 alone, Ares closed about $13.7 billion across 93 transactions. The company noted that over 70% of transactions involved existing sponsor relationships, underscoring its competitive edge. As of December 31, 2021, Ares managed approximately $306 billion in assets globally.

Ares Management Corporation (NYSE:ARES) reported strong financial results for Q4 and FY 2021, with a GAAP net income of $124.1 million for the quarter and $408.8 million for the year. After-tax realized income was $291.1 million and $803.7 million, respectively. The company achieved record assets under management (AUM) exceeding $300 billion, marking a 55% growth, driven by organic fundraising of $25 billion in Q4 and about $77 billion for the year. A quarterly dividend of $0.61 per share was declared, payable on March 31, 2022.

Ares Management Corporation has completed the acquisition of AMP Capital's Infrastructure Debt platform, adding approximately US$8 billion in assets. This will bring Ares' total infrastructure assets under management to over US$12 billion.

Led by Patrick Trears, the new team will enhance Ares’ capabilities in the growing infrastructure sector, leveraging Ares' global platform and experience. The acquired platform will be reported under the new Ares Real Assets Group segment starting March 31, 2022.

Ares Management Corporation (NYSE: ARES) has partnered with First Generation Investors (FGI), a nonprofit focused on financial literacy for underserved high school students. This collaboration will support FGI chapters at premier universities, including Boston College and MIT. The initiative aims to provide students with investment accounts and real funds to enhance their financial education. Ares' involvement highlights its commitment to reduce wealth disparities and promote inclusion in the investment economy, aligning with its philanthropic goals.

Ares Capital Corporation (NASDAQ: ARCC) has declared a first quarter dividend of $0.42 per share, payable on March 31, 2022, to stockholders of record by March 15, 2022. Additionally, it announced a total of $0.12 in extra dividends for 2022, distributed quarterly. For Q4 2021, Ares Capital recorded a core EPS of $0.58, GAAP net income per share of $0.83, and total assets of $20.84 billion. The company also reported increased portfolio investments, reaching $20.01 billion at fair value. Strong credit quality positions Ares Capital favorably for future growth.