Ares Management (ARES) Misses Q1 EPS by 5c

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Ares Management Corporation Reports First Quarter 2021 Results

April 29, 2021 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, 2021.

GAAP net income attributable to Ares Management Corporation was $58.4 million for the quarter ended March 31, 2021. On a basic basis, net income attributable to Ares Management Corporation per share of Class A common stock was $0.33 for the quarter ended March 31, 2021. On a diluted basis, net income attributable to Ares Management Corporation per share of Class A common stock was $0.32 for the quarter ended March 31, 2021.

After-tax realized income, net of Series A... More