Ares Management Corporation

Equities

ARES

US03990B1017

Investment Management & Fund Operators

Market Closed - Nyse Other stock markets 04:00:02 2025-01-24 pm EST			5-day change	1st Jan Change
197.32 ^USD	+0.72%		+3.14%	+11.46%

Jan. 24	Blackstone Unit to Acquire Potomac Energy Center	MT
Jan. 23	Blackstone to buy $1 billion Virginia power plant near data centers	RE

Ares Management Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024

November 01, 2024 at 06:04 am EDT

Ares Management Corporation reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported revenue was USD 1,129.74 million compared to USD 671.26 million a year ago. Net income was USD 118.46 million compared to USD 61.82 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.3 a year ago.
For the nine months, revenue was USD 2,625.78 million compared to USD 2,577.9 million a year ago. Net income was USD 286.43 million compared to USD 300.38 million a year ago. Basic earnings per share from continuing operations was USD 1.31 compared to USD 1.54 a year ago. Diluted earnings per share from continuing operations was USD 1.31 compared to USD 1.54 a year ago.

Latest news about Ares Management Corporation

Blackstone Unit to Acquire Potomac Energy Center	Jan. 24	MT
Blackstone to buy $1 billion Virginia power plant near data centers	Jan. 23	RE
Blackstone Energy Transition Partners agreed to acquire 774-megawatt Potomac Energy Center from Ares Management Corporation.	Jan. 23	CI
Ares Management Acquires Majority of Form Technologies	Jan. 22	MT
Form Technologies, Inc. announced that it has received $304 million in funding from Ares Management Corporation, D. E. Shaw & Co., L.P., Onex Credit Partners, LLC, Ripple Industries LLC	Jan. 20	CI
Sector Update: Financial Stocks Advance Premarket Tuesday	Jan. 14	MT
Ares Management Closes $17.5 Billion Europe Lending Fund	Jan. 14	MT
S4 Sports & Entertainment, Inc. announced that it has received $15 million in funding	Jan. 13	CI
Ares Management Corporation Appoints Kevin Alexander as Co-Head of Alternative Credit	Jan. 13	CI
Aerin Medical Inc. announced that it has received $32.499999 million in funding from KCK Group, Questa Capital Management LLC, OrbiMed Advisors LLC, Ally Bridge Group, Ares Management Corporation and other investors	Jan. 12	CI
Ares Management Raises $2.3 Billion in Equity Commitments for Aspida Holdings	Jan. 09	MT
Aspida Holdings Ltd. announced that it has received $2.3 billion in funding from Ares Management Corporation and other investors	Jan. 08	CI
BofA Adjusts Price Target on Ares Management to $227 From $224	Jan. 08	MT
Point72 kicks off new private credit strategy, statement shows	Jan. 07	RE
Sector Update: Financial Stocks Higher Late Afternoon	Dec. 20	MT
Sector Update: Financial	Dec. 20	MT
Blackstone Hires Credit Dealmakers From KKR, Ares Management	Dec. 20	MT
Keefe Bruyette Woods Upgrades Ares Management to Outperform From Market Perform, Adjusts Price Target to $202 From $166	Dec. 20	MT
Omni Bridgeway Enters Agreement with US-Based Investment Manager; Shares Soar 33%	Dec. 17	MT
Ares Management Corporation acquired Coffee Creek Logistics Center from LaSalle Investment Management, Inc. for $21.1 million.	Dec. 17	CI
Online brokers, asset managers and stock exchanges: A sector you shouldn't overlook!	Dec. 16
Ares Management Insider Sold Shares Worth $2,622,571, According to a Recent SEC Filing	Dec. 16	MT
Ares Management, Blackstone Join Forces to Provide $1.43 Billion Private Credit Loan Package to Odevo	Dec. 12	MT
Wells Fargo Upgrades Ares Management to Overweight From Equalweight, Adjusts Price Target to $212 From $176	Dec. 12	MT
Ares Management Corporation Expands Access to Leading Private Equity Secondaries Strategy for Australia Wealth Channel	Dec. 11	CI

Chart Ares Management Corporation

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ARES: Dynamic Chart

Company Profile

Ares Management Corporation is an alternative investment manager offering clients complementary primary and secondary investment solutions across various asset classes. Its 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 subsidiaries include Ares Holdco LLC, Ares Holdings L.P., Ares AMWH Holdings, Inc., and others.

Employees

2,918

Sector

Investment Management & Fund Operators

Calendar

2025-02-05 - Q4 2024 Earnings Release

More about the company