Ares Management (ARES) Reports Q1 Loss of $0.33

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Ares Management Corporation Reports First Quarter 2020 Results

May 6, 2020 6:00 AM EDT

LOS ANGELES--(BUSINESS WIRE)-- Ares Management Corporation (NYSE: ARES) today reported its financial results for its first quarter ended March 31, 2020.

GAAP net loss attributable to Ares Management Corporation was $31.0 million for the quarter ended March 31, 2020. On a basic and diluted basis, net loss attributable to Ares Management Corporation per share of Class A common stock was $0.33 for the quarter ended March 31, 2020.

After-tax realized income, net of Series A preferred stock dividends, was $118.8 million for the quarter ended March 31, 2020. After-tax realized income per share of Class A common stock,... More