ARES
Ares Management Corporation173.61
+0.93+0.54%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A affirms strength, details software defense.
Q&A reinforced the scripted strength without contradictions, as management confidently defended software exposure—6% of total AUM, 12% of direct lending, mostly senior secured with low LTVs and near-zero nonaccruals—dismissing AI disruption risks as no threat to earnings. Wealth flows held firm at $1.2 billion in January and similar in February, broad-based across private credit and core infrastructure. Executives detailed flagship fund timelines, including opportunistic credit III final close in Q1 above $7.1 billion and U.S. direct lending IV in Q4, plus non-sponsor originations targeting 15% from 10%. Software concerns got direct answers. Pipeline at record levels. Momentum intact.
Key Stats
Market Cap
56.88BP/E (TTM)
72.95Basic EPS (TTM)
2.38Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
Ares Management Corporation capped FY2025 with AUM surging 29% to $622.5B, fueled by $113.2B in gross fundraising across 190 vehicles and $145.8B deployed, while Credit Group AUM hit $406.9B. Q4 momentum shone through $72.1B new commitments and $41.1B new debt, accelerating deployment trends; Real Assets exploded post-GCP acquisition on March 1, adding logistics/digital infrastructure firepower. Carried interest allocation leaped 196% to $1.2B, led by opportunistic credit and direct lending realizations exceeding hurdles. Liquidity robust with $460M revolver availability; no annual guidance disclosed. Intense competition for investment opportunities could crimp quarterly momentum.
8-K
AUM $623B, dividend up 20%
Ares Management reported Q4 2025 GAAP net income of $54.2M and after-tax realized income of $529.1M ($1.45/share), with AUM hitting $622.5B (up 29%) and FPAUM $384.9B (up 32%) on $113.2B fundraising. Fee related earnings soared 33% to $527.7M, fueled by GCP acquisition and record deployments. Dividend jumps 20% to $1.35/share. Fundraising stays robust.
10-Q
Q3 FY2025 results
Ares crushed Q3 with management fees up 29% y/y to $972M, fueled by credit deployment and real assets from the GCP deal closed March 2025 for $3.9B (cash/equity/contingent), adding $2.3B goodwill and $580M finite-lived intangibles over ~6 years. Carried interest allocation doubled to $465M on strong fund performance, while diluted EPS jumped 109% y/y to $1.15 (reconciles to 220M shares). Cash fell to $497M after the acquisition, but $3.7B total debt (mix of senior/subordinated notes to 2054) leaves $725M revolver room; FCF not disclosed in the 10-Q. GCP integration ramps property fees, yet carried interest clawbacks loom if markets sour.
8-K
Ares Q3 earnings soar 39%
Ares Management Corporation reported robust Q3 2025 results, with fee related earnings surging 39% year-over-year to $471.2 million, fueled by record fundraising of $30.9 billion and $41.7 billion in capital deployment across credit and real assets. Assets under management climbed 28% to $595.7 billion, while fee paying assets matched that growth to $367.6 billion, signaling strong demand in alternative investments. Fundraising will exceed last year's $93 billion record. Yet, market volatility could temper deployment pace.
8-K
Investor presentation released
Ares Management Corporation released an investor presentation on September 25, 2025, for an analyst meeting at 2:00 p.m. ET, posted on its website at www.ares-ir.com. This disclosure under Regulation FD ensures broad access to key updates. The filing emphasizes the website as a channel for important information. No specific content details are provided in the 8-K.
IPO
Website
Employees
Sector
Industry
ACRE
Ares Commercial Real Estate Cor
5.37-0.05
AMG
Affiliated Managers Group, Inc.
273.15-2.22
ARCC
Ares Capital Corporation
20.14-0.17
ARDC
Ares Dynamic Credit Allocation
13.34-0.01
BN
Brookfield Corporation
44.99-0.26
GEG
Great Elm Group, Inc.
2.50-0.09
HLNE
Hamilton Lane Incorporated
131.85+3.06
KKR
KKR & Co. Inc.
133.38-1.43
OWL
Blue Owl Capital Inc.
15.83+0.24
TPG
TPG Inc.
66.43-0.31