Ares Management Corp (N:ARES)

Sector:  Financials Industry:  Investment Management & Fund Operators
See Regulatory Filings on SEC
Company Contact
Address: 2000 Ave Of The Stars, 12Th Floor
Tel: 1-678-5381981
IR: See website
Key People
Antony P. Ressler
Executive Chairman of the Board, Co-Founder
Julie Solomon
Co-Head of Real Estate
Michael J. Arougheti
President, Chief Executive Officer, Co-Founder, Director
David B. Kaplan
Co-Founder, Partner, Director
Bennett Rosenthal
Co-Founder, Partner, Director, Chairman of the Ares Private Equity Group
Jarrod Phillips
Partner, Chief Financial Officer
Ryan Berry
Partner, Chief Marketing and Strategy Officer
Robert Kipp Deveer
Partner, Head of Credit Group, Director
Naseem Sagati Aghili
General Counsel, Secretary
Bill Benjamin
Head of Real Estate
Business Overview
Ares Management Corporation is an alternative investment manager offering clients complementary primary and secondary investment solutions across various asset classes. Its segments include Credit Group, Private Equity Group, Real Assets Group, Secondaries Group, and Other. The Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including liquid credit, alternative credit, direct lending and APAC credit. The Private Equity Group segment categorizes its investment strategies as corporate private equity, special opportunities and APAC private equity. The Real Assets Group segment manages comprehensive equity and debt strategies across real estate and infrastructure investments. The Secondaries Group segment invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate, infrastructure and credit. Its subsidiaries include Ares Holdco LLC, Ares Holdings L.P., Ares AMWH Holdings, Inc., and others.
Financial Overview
For the three months ended 31 March 2024, Ares Management Corp revenues decreased 13% to $707.4M. Net income applicable to common stockholders decreased 26% to $65.8M. Revenues reflect Private Equity Group segment decrease of 20% to $38.1M, Real Estate Group segment decrease of 7% to $102.6M. Net income also reflects Interest expense of Consolidated Funds increase of 33% to $207.9M (expense).
Employees: 2,850 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $58,594M as of Mar 31, 2024
Annual revenue (TTM): $3,526M as of Mar 31, 2024
EBITDA (TTM): $1,143M as of Mar 31, 2024
Net annual income (TTM): $430.06M as of Mar 31, 2024
Free cash flow (TTM): -$1,414M as of Mar 31, 2024
Net Debt Last Fiscal Year: $13,485M as of Mar 31, 2024
Shares outstanding: 309,814,845 as of May 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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