Ares Management Corporation Stock Price, News & Analysis

Ares Management Corporation and Moda Living have partnered to create a new built-to-rent single family homes brand in the U.K., addressing the scarcity of affordable rental housing. This initiative aims to deliver over 5,000 high-quality homes by 2025, with an estimated gross development value exceeding £1 billion. The construction of the first 1,000 homes is set to begin in Q1 2022. The platform will offer flexible leasing options and amenities focused on community and sustainability, targeting young families and those seeking affordable living solutions.

Ares Management Corporation (NYSE: ARES) has partnered with Core Spaces to acquire a portfolio of five student housing assets valued at over $400 million. This marks the first transaction in a strategy aimed at developing a significant student housing portfolio near premier U.S. universities. The properties encompass approximately 2,700 beds with modern amenities. Ares currently manages around 25,000 multifamily units across 85 properties, emphasizing its capability in diverse investment strategies.

Ares Management Corporation (NYSE: ARES) announced that CEO Michael Arougheti will present at the BofA Securities Banking and Financials Conference on November 10, 2021, at 10:30 am EST. A live audio webcast will be available in the Investor Resources section of the company’s website, with a replay provided after the event. As of September 30, 2021, Ares manages approximately $282 billion in assets across various sectors, including credit, private equity, real estate, and infrastructure, with a global workforce of around 2,000 employees.

Ares Management Corporation (NYSE: ARES) reported closing approximately $7.2 billion in new direct lending commitments in Q3 2021, totaling around $27 billion over the past year. This marks a significant increase from $2.0 billion during the same quarter in 2020. Key transactions include senior secured credit facilities for notable firms like Alera Group and Ardonagh. As of September 30, 2021, Ares manages approximately $282 billion in assets across various global markets.

Ares Management Corporation (NYSE: ARES) has secured a public-private partnership with the Community of Madrid to develop over 3,600 affordable rental units across 13 municipalities. The €400 million investment aligns with Plan VIVE, with a commitment to cap rents significantly below market levels. Over 80% of the units will feature new builds, most at under €700/month. Ares partners with AEDAS Homes and Grupo SANJOSE, emphasizing sustainable design and modern amenities. This initiative aims to tackle the affordable housing shortage in Madrid, supporting lower and middle-income residents.

Ares Capital Corporation (ARCC) has priced a public offering of $700 million in aggregate principal amount of 3.200% notes due 2031. The notes will mature on November 15, 2031 and are redeemable at Ares Capital’s option at any time at par plus a make-whole premium. The offering is expected to close on November 4, 2021. Funds from this offering will be used to repay outstanding debt and for general corporate purposes, including investments in portfolio companies. Major underwriters include BofA Securities and J.P. Morgan.

Ares Management Corporation (NYSE:ARES) reported strong financial results for Q3 2021, with a GAAP net income of $84.7 million, or $0.49 per share. The company raised over $20 billion in capital, achieving a record $51.6 billion year-to-date. After-tax realized income reached $192.9 million, while fee-related earnings stood at $182.3 million. A quarterly dividend of $0.47 per share was declared, payable on December 31, 2021. Ares manages $282 billion in assets.

Ares Capital Corporation (NASDAQ: ARCC) declared a fourth quarter dividend of $0.41 per share, payable on December 30, 2021. The company reported its Q3 2021 financial results, showing a core EPS of $0.47, up from $0.39 in Q3 2020. GAAP net income per share decreased to $0.73 from $1.04 year-over-year. The portfolio's fair value reached $17.7 billion, supported by robust new investments totaling $3.1 billion. Ares Capital maintained a debt/equity ratio of 1.17 and had $1.2 billion in cash as of September 30, 2021, reinforcing its financial flexibility and market position.