Ares Management (ARES) Misses Q1 EPS by 2c

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Ares Management Corporation Reports First Quarter 2022 Results

April 28, 2022 6:00 AM EDT

NEW YORK--(BUSINESS WIRE)-- Ares Management Corporation (NYSE: ARES) today reported its financial results for its first quarter ended March 31, 2022.

GAAP net income attributable to Ares Management Corporation was $45.9 million for the quarter ended March 31, 2022. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.24 for the quarter ended March 31, 2022.

After-tax realized income was $206.7 million for the quarter ended March 31, 2022. After-tax realized income per share of Class A and non-voting common stock was $0.65 for the quarter ended... More