Oaktree Capital Group (OAK) Tops Q1 EPS by 19c, Revenues Beat
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Oaktree Announces First Quarter 2019 Financial Results
April 25, 2019 8:30 AM EDTAs of March 31, 2019 or for the quarter then ended, and where applicable, per Class A unit:
GAAP net income attributable to Oaktree Capital Group, LLC (OCG) Class A unitholders was $47.3 million ($0.66 per unit), down from $52.7 million ($0.78) for the first quarter of 2018, primarily reflecting lower operating profits, partially offset by higher returns on our fund investments. Distributable earnings were $233.9 million ($1.46 per unit), up from $194.0 million ($1.18) for the first quarter of 2018, driven by higher incentive income. Assets under management were $118.6 billion, down 1% for the quarter... More