Ares Management Q3 2023 Earnings Report

Ares Management EPS Results

• Actual EPS: $0.83
• Consensus EPS: $0.87
• Beat/Miss: Missed by -$0.04
• One Year Ago EPS: $0.75

Ares Management Revenue Results

• Actual Revenue: $671.30 million
• Expected Revenue: $736.58 million
• Beat/Miss: Missed by -$65.28 million
• YoY Revenue Growth: -16.20%

Ares Management Announcement Details

• Quarter: Q3 2023
• Date: 10/31/2023
• Time: Before Market Opens

Ares Management (NYSE:ARES) operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.