- Ares Management reported assets under management totaling $572.4 billion, marking a 28% increase year-on-year. This surpassed the estimated $564.01 billion.
- The company saw net inflows of $25.1 billion during this period.
- Fee-related earnings amounted to $409.1 million, reflecting a 26% increase compared to the previous year, and exceeding the estimate of $408.8 million.
- Adjusted earnings per share was reported at $1.03, slightly below the estimate of $1.08, but higher than the previous year’s 99 cents.
- Fee Paying Assets Under Management reached $349.6 billion, experiencing a 27% year-on-year growth, again topping the estimate which was $347.92 billion.
- The company declared a quarterly dividend of $1.12 per share, with payment scheduled for September 30.
Ares Management on Smartkarma
Analysts on Smartkarma are closely covering Ares Management, a company attracting attention for its investment activities. Recently, Asia Real Estate Tracker published a report on JD Property’s acquisition of a Brisbane estate for $153M. This move signifies JD Property’s expansion in the Australian real estate market. The report also highlights strategic leadership changes at M&G and Nuveen, with the appointment of new global real estate heads, reflecting evolving strategies within these companies. Additionally, GLP’s closure of a $360M China data center fund underscores the company’s commitment to investing in the flourishing data center sector in China.
A look at Ares Management Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking at Ares Management’s long-term outlook based on Smartkarma Smart Scores, the company seems to have a positive trajectory ahead. With a high Momentum score of 5, Ares Management is showing strong upward movement and potential for growth in the asset management industry. Additionally, scoring a 3 in both Dividend and Growth categories indicates a stable dividend payout and opportunities for expansion, contributing to its overall positive outlook.
Ares Management’s resilience score of 3 further supports its ability to navigate challenges and maintain stability over the long term. While the Value score is rated at 2, suggesting there may be potential for improvement in this area, the company’s diversified focus on tradable credit, direct lending, private equity, and real estate markets positions it well to capitalize on various investment opportunities for sustained growth in the future.
### Summary: Ares Management Corporation is an asset management firm with a diverse investment portfolio spanning tradable credit, direct lending, private equity, and real estate markets. The company serves a range of clients, including university endowments, pension and sovereign wealth funds, banks, and insurance companies. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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