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NEW YORK - On Friday, Ares Management Corporation (NYSE:ARES) reported second quarter after-tax realized income per share of $1.03, falling short of analyst expectations of $1.09.
The global alternative investment manager saw its shares decline 0.56% in pre-market trading following the earnings release.
Despite missing earnings estimates, Ares posted strong growth across key metrics, with assets under management (AUM), fee paying AUM, and management fees all increasing by 24% or more compared to the same quarter last year. The company’s total AUM reached over $572 billion as of June 30, 2025, benefiting from what the company described as its "second highest level of quarterly gross fundraising" and "record quarterly market appreciation."
"We generated strong second quarter results, growing AUM, fee paying AUM and management fees by 24% or more year over year," said Michael Arougheti, Chief Executive Officer of Ares. "Our AUM benefited from our second highest level of quarterly gross fundraising coupled with record quarterly market appreciation driven by strong investment performance across our major strategies."
The quarter marked the first full period including financial results from the GCP International acquisition. Jarrod Phillips, Chief Financial Officer, noted that the company is "on track to meet our financial goals for this business, including greater than originally expected synergies that will be gradually realized over time."
GAAP net income attributable to Ares was $137.1 million for the quarter, translating to $0.46 per share on both a basic and diluted basis. Fee related earnings reached $409.1 million.
The company declared a quarterly dividend of $1.12 per share of its Class A and non-voting common stock, payable on September 30, 2025.
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