ARES MANAGEMENT CORPORATION REPORTS SECOND QUARTER 2026 RESULTS

Ares Management Corporation has reported its financial results for the second quarter ended June 30, 2026. The company announced a GAAP net income attributable to Ares Management Corporation of $150.6 million for the quarter. On a per-share basis, this results in a net income of $0.49 for both Class A and non-voting common stock.

After-tax realized income was stated as $467.6 million, translating to $1.29 per share of Class A common stock for the quarter. Additionally, fee related earnings for the same period were $491.1 million.

Michael Arougheti, Chief Executive Officer of Ares, commented on the results, stating that the company generated strong second-quarter performance, including a record fundraising achievement of over $36 billion. He noted that clients continue to reward Ares for its strong and consistent fund performance. Jarrod Phillips, Chief Financial Officer, highlighted that many key financial metrics have grown by more than 20% year over year and that Ares is well-positioned with a record $170 billion of dry powder to execute on upcoming investment opportunities.

The company declared a quarterly dividend of $1.35 per share of its Class A and non-voting common stock, which is payable on September 30, 2026, to stockholders of record on September 16, 2026. Additionally, Ares announced a quarterly dividend of $0.84375 per share for its 6.75% Series B mandatory convertible preferred stock, payable on October 1, 2026, to preferred stockholders of record on September 15, 2026.

Ares Management Corporation has made a detailed presentation of its second-quarter results available on its website. A conference call is scheduled for July 31, 2026, at 9:00 a.m. Eastern Time, to discuss the quarterly results, with participation available via telephone or live webcast.