Ares Management Corporation Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 06:27 am EDT
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Ares Management Corporation reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 715 million compared to USD 658.39 million a year ago. Net income was USD 45.86 million compared to USD 58.38 million a year ago. Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.33 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.32 a year ago.
Ares Management Corporation is a global alternative investment manager offering clients complementary primary and secondary investment solutions across various asset classes. The Company's segments include Credit Group, Private Equity Group, Real Assets Group, Secondaries Group and Other. The Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including liquid credit, alternative credit, direct lending and APAC credit. The Private Equity Group segment categorizes its investment strategies as corporate private equity, special opportunities and APAC private equity. The Real Assets Group segment manages comprehensive equity and debt strategies across real estate and infrastructure investments. The Secondaries Group segment invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate, infrastructure and credit. Its global platform has approximately $419 billion of assets under management.
ARES MANAGEMENT CORPORATION 
