Ares Management Corporation Stock Price, News & Analysis

Ares Management Corporation (NYSE:ARES) reported strong financial results for Q4 and FY 2021, with a GAAP net income of $124.1 million for the quarter and $408.8 million for the year. After-tax realized income was $291.1 million and $803.7 million, respectively. The company achieved record assets under management (AUM) exceeding $300 billion, marking a 55% growth, driven by organic fundraising of $25 billion in Q4 and about $77 billion for the year. A quarterly dividend of $0.61 per share was declared, payable on March 31, 2022.

Ares Management Corporation has completed the acquisition of AMP Capital's Infrastructure Debt platform, adding approximately US$8 billion in assets. This will bring Ares' total infrastructure assets under management to over US$12 billion.

Led by Patrick Trears, the new team will enhance Ares’ capabilities in the growing infrastructure sector, leveraging Ares' global platform and experience. The acquired platform will be reported under the new Ares Real Assets Group segment starting March 31, 2022.

Ares Management Corporation (NYSE: ARES) has partnered with First Generation Investors (FGI), a nonprofit focused on financial literacy for underserved high school students. This collaboration will support FGI chapters at premier universities, including Boston College and MIT. The initiative aims to provide students with investment accounts and real funds to enhance their financial education. Ares' involvement highlights its commitment to reduce wealth disparities and promote inclusion in the investment economy, aligning with its philanthropic goals.

Ares Capital Corporation (NASDAQ: ARCC) has declared a first quarter dividend of $0.42 per share, payable on March 31, 2022, to stockholders of record by March 15, 2022. Additionally, it announced a total of $0.12 in extra dividends for 2022, distributed quarterly. For Q4 2021, Ares Capital recorded a core EPS of $0.58, GAAP net income per share of $0.83, and total assets of $20.84 billion. The company also reported increased portfolio investments, reaching $20.01 billion at fair value. Strong credit quality positions Ares Capital favorably for future growth.

Ares Capital Corporation (NASDAQ:ARCC) announced the tax treatment of its 2021 common stock distributions. The total paid per share is $1.6200, with ordinary income at $1.5737 (97.142% of total dividends) and interest-related dividends designated. No portion qualifies as capital gain dividends. Record dates for distributions were on 3/15, 6/15, 9/15, and 12/15 of 2021, with payable dates following shortly. Investors are advised to consult tax advisors for specific guidance.

Westmount Realty Capital has partnered with a fund managed by Ares Management Corporation to recapitalize a significant 51-asset industrial portfolio covering 6.1 million square feet in Chicago and Milwaukee. Acquired from a joint venture with Partners Group, the portfolio boasts a 98.8% lease rate to 123 tenants. Key attributes include strategic locations near O’Hare International Airport, strong demand, and limited new supply, which are expected to elevate occupancies and rental growth in the coming years.

Ares Management Corporation announced the addition of Philip Moore, Alessandro Luca, and Anisa Dudhia to enhance its real estate debt operations in Europe. This new team, focusing on commercial real estate loans, is set to leverage Ares' established investment platform. They have completed their first deal, providing €113 million for an office complex in Belgium. Ares aims to expand its European real estate debt capabilities, supporting institutional-quality property investments across various sectors.

Ares Management Corporation (NYSE: ARES) has priced an offering of $500,000,000 of 3.650% Senior Notes due 2052. The offering will be made by Ares Finance Co. IV LLC, a subsidiary of the Company, and is guaranteed by various Ares entities. Proceeds will be allocated for general corporate purposes, including debt repayment and growth initiatives. The notes will be sold mainly to qualified institutional buyers in the U.S. and non-U.S. persons outside the U.S., adhering to the Securities Act regulations.