Ares Management Corporation Stock Price, News & Analysis

On March 3, 2022, Sharestates announced the closing of a new $100 million warehouse line of credit led by Ares Management Corporation to enhance its lending capabilities. This facility complements existing credit and positions Sharestates to support its growing loan origination volume, which has surged over 40% quarter-over-quarter and nearly doubled year-on-year. With over $3 billion in origination volume in 2021, the company aims to continue expanding its presence in residential real estate financing.

Ares Capital Corporation (ARCC) announced that CEO Kipp deVeer will present at the RBC Capital Markets Financial Institutions Virtual Conference on March 8, 2022, at 2:00 PM ET. Investors can access a live audio webcast on the company’s website, with a replay available afterward. Founded in 2004, Ares Capital focuses on providing direct loans and investments in U.S. private middle market companies, aiming for capital growth and current income for investors. As of December 31, 2021, it is the largest publicly traded business development company by market capitalization.

Ares Management Corporation and Apex Clean Energy have signed a nonbinding memorandum of understanding (MOU) to explore developing a large-scale green hydrogen production facility at the Port of Corpus Christi, Texas. The project aims to generate unprecedented volumes of green hydrogen and fuels necessary for decarbonizing heavy industries such as transportation and chemicals. This initiative builds on prior collaborations to develop renewable infrastructure, emphasizing Ares' commitment to sustainability and energy transition, further leveraging Texas' wind and solar resources.

Ares Management Corporation (NYSE: ARES) has acquired Capital Automotive LLC (CARS) from a Brookfield private real estate fund for $3.8 billion. This acquisition increases Ares' total net lease gross asset value to over $7 billion within the last 15 months. CARS specializes in offering sale-leaseback capital to automotive dealers across the U.S. and Canada, owning over 250 operationally essential real estate assets. Ares aims to leverage its real estate and credit teams to provide flexible net lease solutions amidst increasing market demand.

Ares Management Corporation (NYSE: ARES) announced that CEO Michael Arougheti will present at the Credit Suisse 23rd Annual Financial Services Forum on Friday, February 18, 2022, at 9:40 am EST. A live audio webcast will be available on the Company’s website, with a replay accessible shortly after the event. Ares Management is a global alternative investment manager with approximately $306 billion in assets under management as of December 31, 2021, employing around 2,100 people worldwide.

Ares Management Corporation (NYSE: ARES) reported a remarkable increase in new financing commitments, totaling approximately $33.4 billion in 2021, more than doubling the previous year’s $13.7 billion. In Q4 alone, Ares closed about $13.7 billion across 93 transactions. The company noted that over 70% of transactions involved existing sponsor relationships, underscoring its competitive edge. As of December 31, 2021, Ares managed approximately $306 billion in assets globally.

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.