Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-36429 ARES MANAGEMENT CORPORATION (Exact name of Registrant as specified in its charter) Delaware 80-0962035 (State or o ...

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CĪON Investment Corporation ( CION ) priced an offering of $150 million worth of new 7.5% notes due 2029, which the company may optionally redeem at par starting December 2026. The new notes received credit ratings of BBB from Egan Jones RatingsWhether you are the kind of investor who sticks with preferred stocks with a CDx3 Compliance Score rated 10 out of 10, or whether your portfolio has room for 9-score-and-lower securities, stay tuned for future articles recapping new IPOs and interesting preferred sto ...

Ares Management Corporation (NYSE:ARES) Q3 2024 Results Conference Call November 1, 2024 11:00 AM ET Company Participants Greg Mason - Co-Head-Public Markets IR Michael Arougheti - CEO Jarrod Phillips - CFO Conference Call Participants Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Brendan O'Brien - Wolfe Research Bill Katz - TD Cowen Brennan Hawken - UBS Michael Cyprys - Morgan Stanley Brian Bedell - Deutsche Bank Ken Worthington - JPMorgan Mike Brown - Wells Fargo Securities Operator W ...

Ares Management (ARES) reported $802.95 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 17.9%. EPS of $0.95 for the same period compares to $0.83 a year ago.The reported revenue represents a surprise of -3.68% over the Zacks Consensus Estimate of $833.58 million. With the consensus EPS estimate being $0.94, the EPS surprise was +1.06%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Ares Management (ARES) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.06%. A quarter ago, it was expected that this private equity firm would post earnings of $0.98 per share when it actually produced earnings of $0.99, delivering a surprise of 1.02%.Over the last four quarters, th ...

| --- | --- | --- | --- | |------------------------------------------|-------|-------|-------| | | | | | | | | | | | ØARES | | | | | | | | | | Earnings Presentation Third Quarter 2024 | | | | Important Notice This presentation is prepared for Ares Management Corporation ('Ares'') (NYSE: ARES) for the benefit of its public stockholders. This presenta purposes in connection with evaluating the business, operations and financial results of Ares and certain of its affiliates. Any discussio provided solely to de ...

In its upcoming report, Ares Management (ARES) is predicted by Wall Street analysts to post quarterly earnings of $0.94 per share, reflecting an increase of 13.3% compared to the same period last year. Revenues are forecasted to be $833.58 million, representing a year-over-year increase of 22.4%. Over the last 30 days, there has been a downward revision of 2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...

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Core Insights - The article discusses the increasing trend of pension funds and other institutional investors moving into alternative assets to achieve higher returns in a challenging market environment, with pension fund assets reaching approximately $56 trillion by the end of 2023, of which 20% is allocated to alternative assets, up from 12% in 2003 [2][3]. Company Overview - Ares Management Corporation, founded in 1997, has grown to manage approximately $447 billion in assets, with over 2,900 employees across 35 global offices [5][7]. - More than 25% of Ares' assets under management (AUM) come from pension funds, insurance companies, and banks, highlighting its strong institutional investor base [5][7]. Business Model and Growth - Ares focuses primarily on credit, managing over $320 billion in this space, which has seen significant growth due to increased demand for private loans as banks become more cautious [7][9]. - The company has experienced a remarkable annual compounding growth rate of 19% in AUM since 2011, with AUM increasing from $49 billion in 2011 to $447 billion in 2Q24 [7][8]. - Fee revenues have also risen by 18% annually, reaching $2.8 billion in the four quarters ending 2Q24, driven by a record $26 billion in gross capital raised during that quarter [8][9]. Market Position and Opportunities - Ares is well-positioned in fragmented markets, with only 0.8% of the $40 trillion private credit market and 0.3% of the $202 trillion real estate market, indicating substantial room for growth [9][11]. - The company is optimistic about future growth, expecting to have 3.5 funds in the market with 17 unique strategies to capitalize on the increasing demand for alternative asset allocation [12][14]. Financial Performance - Ares has consistently grown its management fees every year since 2006, with a five-year CAGR of 25% in management fees and 27% in realized income [15][16]. - The dividend yield stands at 2.6%, with a five-year CAGR of 23.2%, reflecting the company's strong financial performance and commitment to returning value to shareholders [17][19]. Valuation and Market Sentiment - Currently, Ares trades at a blended P/E ratio of 35.7x, significantly above its five-year average of 24.7x, indicating that much of the positive outlook is already priced in [21][22]. - Analysts expect 13% EPS growth in 2024, followed by 40% growth in 2025, suggesting potential for further appreciation in stock value, although caution is advised due to high current valuations [21][22][23].