Ares Management Corporation Reports Fourth Quarter and Full Year 2024 Results
Ares Management (NYSE:ARES) reported strong financial results for Q4 and full year 2024. The company achieved $177.3 million in GAAP net income for Q4, with earnings per share of $0.72. After-tax realized income reached $434.7 million with $1.23 per share, while fee-related earnings stood at $396.2 million for the quarter.
The company set several financial records in 2024, including $93 billion in new fund raising and ended the year with $484 billion in AUM. Additionally, Ares has $95 billion of assets under management not yet paying fees. The company declared a quarterly dividend of $1.12 per share of Class A and non-voting common stock, payable March 31, 2025, and a quarterly dividend of $0.84375 per share of Series B preferred stock, payable April 1, 2025.
Ares Management (NYSE:ARES) ha riportato risultati finanziari solidi per il quarto trimestre e per l'intero anno 2024. L'azienda ha raggiunto 177,3 milioni di dollari di utile netto GAAP per il quarto trimestre, con un utile per azione di $0,72. Il reddito realizzato dopo le tasse ha raggiunto 434,7 milioni di dollari con $1,23 per azione, mentre gli utili legati alle commissioni si sono attestati a 396,2 milioni di dollari per il trimestre.
L'azienda ha stabilito diversi record finanziari nel 2024, tra cui 93 miliardi di dollari di nuova raccolta fondi e ha chiuso l'anno con 484 miliardi di dollari di AUM. Inoltre, Ares ha 95 miliardi di dollari di attivi sotto gestione che non stanno ancora pagando commissioni. L'azienda ha dichiarato un dividendo trimestrale di $1,12 per azione delle azioni ordinarie di Classe A e non votanti, pagabile il 31 marzo 2025, e un dividendo trimestrale di $0,84375 per azione delle azioni privilegiate di Serie B, pagabile il 1 aprile 2025.
Ares Management (NYSE:ARES) reportó resultados financieros sólidos para el cuarto trimestre y el año completo 2024. La compañía logró 177,3 millones de dólares en ingresos netos GAAP para el cuarto trimestre, con ganancias por acción de $0,72. Los ingresos realizados después de impuestos alcanzaron 434,7 millones de dólares con $1,23 por acción, mientras que las ganancias relacionadas con tarifas se situaron en 396,2 millones de dólares para el trimestre.
La compañía estableció varios récords financieros en 2024, incluyendo 93 mil millones de dólares en nueva recaudación de fondos y terminó el año con 484 mil millones de dólares en AUM. Además, Ares tiene 95 mil millones de dólares en activos bajo gestión que aún no están pagando tarifas. La compañía declaró un dividendo trimestral de $1,12 por acción de las acciones comunes de Clase A y no votantes, pagadero el 31 de marzo de 2025, y un dividendo trimestral de $0,84375 por acción de las acciones preferentes de Serie B, pagadero el 1 de abril de 2025.
Ares Management (NYSE:ARES)는 2024년 4분기 및 연간 강력한 재무 실적을 보고했습니다. 회사는 4분기 동안 1억 7,730만 달러의 GAAP 순이익을 달성했으며, 주당 $0.72의 수익을 올렸습니다. 세후 실현 소득은 4억 3,470만 달러에 도달했고, 주당 $1.23을 기록했으며, 수수료 관련 수익은 3억 9,620만 달러에 달했습니다.
회사는 2024년에 930억 달러의 신규 자금 조달을 포함하여 여러 재무 기록을 세웠고, 4,840억 달러의 AUM으로 연도를 마감했습니다. 또한 Ares는 95억 달러의 수수료를 아직 지급하지 않는 자산을 관리하고 있습니다. 회사는 클래스 A 및 비투표 보통주에 대해 $1.12의 분기 배당금을 선언했으며, 이는 2025년 3월 31일 지급될 예정이며, 시리즈 B 우선주에 대해서는 $0.84375의 분기 배당금을 발표했고, 이는 2025년 4월 1일 지급될 예정입니다.
Ares Management (NYSE:ARES) a rapporté de solides résultats financiers pour le quatrième trimestre et l'année entière 2024. La société a atteint 177,3 millions de dollars de bénéfice net GAAP pour le quatrième trimestre, avec un bénéfice par action de $0,72. Le revenu réalisé après impôts a atteint 434,7 millions de dollars avec $1,23 par action, tandis que les bénéfices liés aux frais se sont élevés à 396,2 millions de dollars pour le trimestre.
La société a établi plusieurs records financiers en 2024, y compris 93 milliards de dollars de nouveaux fonds levés et a terminé l'année avec 484 milliards de dollars d'AUM. De plus, Ares dispose de 95 milliards de dollars d'actifs sous gestion ne payant pas encore de frais. La société a déclaré un dividende trimestriel de $1,12 par action de classe A et d'actions ordinaires non votantes, payable le 31 mars 2025, et un dividende trimestriel de $0,84375 par action d'actions privilégiées de série B, payable le 1er avril 2025.
Ares Management (NYSE:ARES) hat starke finanzielle Ergebnisse für das vierte Quartal und das Gesamtjahr 2024 gemeldet. Das Unternehmen erzielte 177,3 Millionen Dollar GAAP Nettogewinn für das vierte Quartal, mit einem Gewinn pro Aktie von $0,72. Das nach Steuern realisierte Einkommen erreichte 434,7 Millionen Dollar mit $1,23 pro Aktie, während die gebührenbezogenen Erträge im Quartal bei 396,2 Millionen Dollar lagen.
Das Unternehmen hat im Jahr 2024 mehrere finanzielle Rekorde aufgestellt, darunter 93 Milliarden Dollar an neuem Kapital und beendete das Jahr mit 484 Milliarden Dollar AUM. Darüber hinaus hat Ares 95 Milliarden Dollar an verwalteten Vermögen, die noch keine Gebühren zahlen. Das Unternehmen erklärte eine vierteljährliche Dividende von $1,12 pro Aktie der Klasse A und nicht stimmberechtigten Stammaktien, die am 31. März 2025 zahlbar ist, sowie eine vierteljährliche Dividende von $0,84375 pro Aktie der Serie B Vorzugsaktien, die am 1. April 2025 zahlbar ist.
- Record-breaking fundraising of $93 billion in 2024
- AUM growth to $484 billion
- $95 billion in AUM not yet generating fees, indicating future revenue potential
- Strong Q4 after-tax realized income of $434.7 million
- Quarterly dividend increase to $1.12 per share
- None.
Insights
Ares Management's Q4 2024 results demonstrate exceptional operational execution and strategic positioning in the alternative asset management space. The company's $434.7M after-tax realized income and $396.2M in fee-related earnings showcase the robust nature of their business model, particularly in generating stable, recurring revenue streams.
The most compelling aspect of these results is the $95 billion in non-fee-paying AUM, representing a significant future revenue catalyst. This dry powder positions Ares advantageously for upcoming investment opportunities and provides clear visibility into future fee generation. The scale of this uninvested capital suggests potential annual management fee revenue additions of approximately $950M-$1.4B (assuming typical management fee rates of 1-1.5%) as these assets are deployed.
The declared quarterly dividend of
The imminent closure of the GCP International acquisition in Q1 2025 represents a strategic move to expand global reach and diversify revenue streams. This timing aligns well with management's outlook for a more active transaction environment, potentially accelerating the deployment of the substantial dry powder.
Looking ahead, Ares is well-positioned to capitalize on market opportunities across various strategies, supported by:
- Robust fundraising momentum across multiple channels
- Significant dry powder for opportunistic investments
- Diversified investment platform with multiple growth vectors
- Strong fee-related earnings providing stable cash flow foundation
GAAP net income attributable to Ares Management Corporation was
After-tax realized income was
“During 2024, we set many financial records, including our best year ever in gross fundraising and capital deployed. We raised
“With a record
Common Stock Dividend
Ares declared a quarterly dividend of
Preferred Stock Dividend
Ares declared a quarterly dividend of
Dividend Reinvestment Program
Ares has a Dividend Reinvestment Program for its Class A common stockholders that will be effective for the quarterly dividend on March 31, 2025. Equiniti Trust Company is engaged to administer the plan on behalf of Ares. Additional information can be located on the Investor Resources section of our website.
Additional Information
Ares issued a full detailed presentation of its fourth quarter and full year 2024 results, which can be viewed at www.aresmgmt.com on the Investor Resources section of our home page under Events and Presentations. The presentation is titled “Fourth Quarter and Full Year 2024 Earnings Presentation.”
2025 Annual Stockholders Meeting
The Board of Directors set April 7, 2025 as the record date for Ares’ 2025 Annual Meeting of Stockholders. The 2025 Annual Meeting of Stockholders will be held on June 6, 2025.
Conference Call and Webcast Information
Ares will host a conference call on February 5, 2025 at 10:00 a.m. (Eastern Time) to discuss fourth quarter and full year results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at http://www.aresmgmt.com. Please visit the website to test your connection before the webcast. Domestic callers can access the conference call by dialing +1 (800) 343-5172. International callers can access the conference call by dialing +1 (203) 518-9856. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected and to reference the conference ID ARESQ424. For interested parties, an archived replay of the call will be available through March 5, 2025 to domestic callers by dialing +1 (800) 839-2475 and to international callers by dialing +1 (402) 220-7220. An archived replay will also be available through March 5, 2025 on a webcast link located on the Home page of the Investor Resources section of our website.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, Ares Management Corporation's global platform had over
Forward-Looking Statements
Statements included herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which reflect our current views with respect to, among other things, future events, operations and financial performance. You can identify these forward-looking statements by the use of forward-looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “foresees” or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. Actual results may vary materially from those indicated in these forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Ares Management Corporation does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Nothing in this press release constitutes an offer to sell or solicitation of an offer to buy any securities of Ares or an investment fund managed by Ares or its affiliates.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250205857217/en/
Investor Relations Contacts
Greg Mason
gmason@aresmgmt.com
(800) 340-6597
Carl Drake
cdrake@aresmgmt.com
(800) 340-6597
Source: Ares Management Corporation
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