Every material Form 8-K Ares Management has filed with the SEC since October 10, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Ares Management reported third-quarter 2026 results, with GAAP net income attributable to the company down sharply from a year earlier while its fee-based and realized measures grew. The company also declared a $1.35 per share quarterly dividend, and its CFO said Ares expects to meet or exceed its key 2026 financial objectives.
GAAP net income attributable to Ares Management was $85.3 million, or $0.21 per share, versus $288.9 million, or $1.15 per share, a year earlier.
After-tax Realized Income rose 6% to $449.6 million, or $1.26 per share, and Fee Related Earnings rose 11% to $524.2 million.
Ares raised more than $31 billion in gross capital commitments and said it continues to expect another record fundraising year.
Quarterly dividend of $1.35 per share is payable December 31, 2026, to holders of record on December 17, 2026.
Ares Management reported second-quarter 2026 results on July 31, 2026, with GAAP net income attributable to the company of $150.6 million, up from $137.1 million a year earlier. The company also declared a quarterly dividend of $1.35 per Class A share, payable September 30, 2026, which shareholders of record on September 16, 2026 will receive.
GAAP net income attributable to Ares was $150.6 million, or $0.49 per share, compared with $137.1 million, or $0.46 per share, in the second quarter of 2025.
After-tax realized income was $467.6 million, or $1.29 per share, up 27% from $367.9 million in the prior-year quarter.
Fee related earnings were $491.1 million, up 20% year over year, and the company raised $36.4 billion of new capital.
The quarterly dividend is $1.35 per Class A and non-voting common share, payable September 30, 2026 to holders of record on September 16, 2026.
Ares Management said it preliminarily expects realized net performance income for the quarter ending June 30, 2026 to exceed $50 million, compared with $16 million for the quarter ended June 30, 2025. The company cautioned that actual results may differ, possibly materially, and that the estimate is not indicative of full-year 2026 results.
Preliminary estimate: realized net performance income above $50 million for the quarter ending June 30, 2026
Prior-year comparison: $16 million in realized net performance income for the quarter ended June 30, 2025
Figures are preliminary; the company has not completed its financial closing procedures and full second-quarter results will be in its Quarterly Report
Ares Holdings L.P. and certain Ares Management subsidiaries signed Amendment No. 14 to the company's credit agreement on May 21, 2026. The amendment extends the facility's maturity to May 21, 2031 and raises revolver commitments to $2.5 billion, with an uncommitted accordion feature up to $3.0 billion total. The filing describes this as a change to the borrowing terms, with no new obligation amount beyond the revolver commitments.
Maturity extended to May 21, 2031
Revolver commitments increased to $2.5 billion; uncommitted accordion up to $3.0 billion total facility size
Credit spread adjustment for Term SOFR removed; covenant restrictions and events of default modified
Amendment dated May 21, 2026, with JPMorgan Chase Bank, N.A. as agent
Ares Management reported first quarter 2026 results on May 1, 2026, with GAAP net income attributable to the company of $142.6 million, or $0.46 per share, compared with $47.2 million in the year-earlier quarter. Its after-tax realized income rose 19% to $452.4 million, or $1.24 per share, and fee related earnings rose 26% to $464.4 million, while the company also declared a $1.35 quarterly dividend per Class A share.
GAAP net income attributable to Ares Management was $142.6 million, or $0.46 per share, for the quarter ended March 31, 2026, versus $47.2 million in Q1 2025.
After-tax realized income was $452.4 million, up 19% year over year, or $1.24 per Class A share, up from $1.09.
Fee related earnings were $464.4 million, up 26% year over year.
Quarterly dividend of $1.35 per Class A share is payable June 30, 2026 to holders of record as of June 16, 2026.
Ares Holdings L.P., a borrowing unit of Ares Management Corp, entered a $400 million term loan credit agreement with Bank of America, N.A. as administrative agent, dated March 27, 2026, and fully funded at closing. The loan matures March 27, 2029, and proceeds may refinance existing debt, pay fees, or fund working capital and general corporate purposes.
Term loan facility commitment of $400 million, fully funded at closing on March 27, 2026
Final maturity date of March 27, 2029; interest floats based on Term SOFR or Base Rate plus a margin tied to the company's senior unsecured debt ratings
Covenants require net debt to Adjusted EBITDA not exceeding 4.00 to 1.00 and Assets Under Management of at least $179,825,526,099
Loan is guaranteed by certain Ares subsidiaries; lenders may terminate commitments and accelerate borrowings upon an event of default
Ares Management reported fourth-quarter 2025 results and declared a quarterly dividend of $1.35 per share, which it said is a 20% increase. Fee-related and after-tax realized income rose from a year earlier, but GAAP net income attributable to the company fell sharply.
GAAP net income attributable to Ares was $54.2 million for Q4 2025, down from $177.3 million in Q4 2024; GAAP EPS was $0.08 versus $0.72
After-tax realized income was $529.1 million, up 22% from $434.7 million, or $1.45 per Class A share versus $1.23
Fee related earnings were $527.7 million, up 33% from $396.2 million; total revenues were $1.50 billion versus $1.26 billion
Quarterly common dividend of $1.35 per share is payable March 31, 2026 to holders of record on March 17, 2026
Ares Management reported third-quarter 2025 results on November 3, 2025, with GAAP net income attributable to Ares of $288.9 million, or $1.15 per share, compared with $118.5 million, or $0.55 per share, a year earlier. The company also declared a $1.12 quarterly dividend per Class A share and said it now expects to meaningfully exceed its previous annual fundraising record of $93 billion this year.
GAAP net income attributable to Ares was $288.9 million, or $1.15 per share, for Q3 2025, versus $118.5 million, or $0.55 per share, in Q3 2024.
After-tax realized income was $425.8 million, or $1.19 per share of Class A common stock, up from $316.0 million, or $0.95 per share, a year earlier.
Ares raised $30.9 billion in the quarter and has $149.5 billion of available capital as of September 30, 2025.
Quarterly dividend of $1.12 per Class A share is payable December 31, 2025, to holders of record as of December 17, 2025.
Ares Management reported second quarter 2025 results, with GAAP net income attributable to the company of $137.1 million, or $0.46 per share, compared with $94.9 million a year earlier. Total revenues rose to $1.35 billion from $788.7 million, and fee related earnings grew 26% to $409.1 million. The company also declared a $1.12 quarterly dividend per Class A share, payable September 30, 2025.
GAAP net income attributable to Ares Management was $137.1 million, or $0.46 per share, versus $94.9 million, or $0.43 per share, in the second quarter of 2024.
Total revenues were $1.35 billion, compared with $788.7 million a year earlier.
Fee related earnings were $409.1 million, up 26%; after-tax realized income was $1.03 per share, versus $0.99 a year earlier.
Quarterly dividend of $1.12 per Class A share is payable September 30, 2025, to holders of record as of September 16, 2025.
Ares Management reported first-quarter 2025 results and declared a $1.12 per share quarterly dividend on Class A common stock. After-tax realized income rose 44% year over year to $381.4 million, and fee related earnings rose 22% to $367.3 million, but GAAP net income attributable to Ares fell to $47.2 million from $73.0 million, and GAAP earnings per share were $0.00 versus $0.33 a year earlier.
After-tax realized income was $381.4 million, or $1.09 per Class A share, compared with $265.1 million, or $0.80 per share, in Q1 2024.
GAAP net income attributable to Ares Management was $47.2 million, versus $73.0 million a year earlier; net income to Class A and non-voting common stockholders after $25.3 million of preferred dividends was $21.9 million.
Assets under management reached $545.9 billion as of March 31, 2025, up 27% from a year earlier, including the GCP International acquisition completed March 1, 2025.
Quarterly common dividend of $1.12 per share is payable June 30, 2025, to holders of record as of June 16, 2025.
Ares Holdings L.P. and certain Ares Management subsidiaries entered into Amendment No. 13 to their credit agreement on April 22, 2025, with JPMorgan Chase Bank, N.A. as agent. The amendment extends the facility's maturity to April 22, 2030, and reduces the applicable margins on borrowings tied to the company's senior unsecured debt ratings. The filing describes the changes as routine credit terms and does not report any new borrowing.
Revolver commitments increased to $1.84 billion, with a $660 million accordion feature, for an aggregate limit not to exceed $2.5 billion
Maturity extended to April 22, 2030
Swingline loan sub-limit set at up to $75 million
Margins on term benchmark, RFR loans, swingline loans and letters of credit reduced from 0.750%-1.250% to 0.650%-1.150%
Ares Management reported fourth-quarter 2024 results on February 5, 2025, with total revenues of $1.26 billion, up from $1.05 billion a year earlier. Fee related earnings rose 7% to $396.2 million and after-tax realized income per share rose 2% to $1.23, while GAAP basic EPS fell to $0.72 from $0.88 after a $22.8 million Series B preferred dividend was deducted. The company also declared a quarterly common dividend of $1.12 per share, payable March 31, 2025.
Total revenues of $1,258,997 thousand for Q4 2024 versus $1,053,981 thousand for Q4 2023
GAAP net income attributable to Ares Management of $177.3 million; $154.5 million to Class A and non-voting common stockholders after the preferred dividend
After-tax realized income of $434.7 million, or $1.23 per Class A share, up 9% in dollars
Quarterly common dividend of $1.12 per share payable March 31, 2025 to holders of record on March 17, 2025
Ares Management Corp appointed R. Kipp deVeer and Blair Jacobson as Co-Presidents effective February 5, 2025, while Michael Arougheti stepped down as President and remains Chief Executive Officer. The filing says Ares Capital Corporation also named Kort Schnabel as its CEO effective April 30, 2025, which may matter to shareholders in that affiliated vehicle.
Kipp deVeer and Blair Jacobson appointed Co-Presidents effective February 5, 2025; both will report to CEO Michael Arougheti.
Michael Arougheti, a Co-Founder, stepped down as President but continues as CEO and a Board member.
Kort Schnabel to become CEO of Ares Capital Corporation effective April 30, 2025; Jim Miller will remain sole President there.
Ares Management reported third quarter 2024 results on November 1, 2024, with GAAP net income attributable to the company of $118.5 million, up from $61.8 million a year earlier. Total revenues were $1.13 billion versus $671 million, and fee related earnings rose 24% to $339.3 million, which signals stronger results for shareholders. The company also declared a quarterly common dividend of $0.93 per share and said it expects 2024 to be a record fundraising year.
GAAP net income attributable to Ares was $118.5 million, or $0.55 per share, versus $61.8 million, or $0.30 per share, in the third quarter of 2023
Fee related earnings were $339.3 million, up from $274.2 million; after-tax realized income was $0.95 per Class A share, up from $0.83
Quarterly common dividend of $0.93 per share, payable December 31, 2024 to holders of record on December 17, 2024
Management expects 2024 gross fundraising commitments in the mid-$80 billion range after $64 billion raised year-to-date
Ares Management Corporation issued $750 million of 5.600% senior notes due October 11, 2054, in an underwritten public offering. The notes are unsecured, fully guaranteed by several Ares subsidiaries, and carry covenants limiting secured debt on certain equity interests and certain mergers or asset sales.
Principal amount: $750 million; issued October 11, 2024 under an October 9, 2024 underwriting agreement with Morgan Stanley and Citigroup
Interest at 5.600% per year, paid semi-annually on April 11 and October 11, starting April 11, 2025
Redeemable before April 11, 2054 at the greater of par or a Treasury-based make-whole price (Treasury rate plus 20 basis points)
On October 10, 2024, Ares Management issued 30,000,000 shares of new Series B mandatory convertible preferred stock, a $1.5 billion aggregate liquidation preference, through a previously announced underwritten public offering. The underwriters also exercised in full their option for 3,000,000 additional shares, and the company says it will use the net proceeds mainly to pay part of the cash consideration for its GLP Capital Partners international business acquisition, with the rest for general corporate purposes. The preferred ranks senior to common stock on dividends and liquidation, and carries a 6.75% cumulative dividend, so it adds a senior claim ahead of common shareholders.
Issued 30,000,000 shares, or $1.5 billion liquidation preference, on October 10, 2024; underwriters' 3,000,000-share over-allotment option was fully exercised
Dividend rate 6.75% per year, payable quarterly, with the company able to pay in cash, common stock, or a mix
Mandatory conversion around October 1, 2027 into between 0.2717 and 0.3260 common shares per preferred share
Proceeds intended for part of the GCP Acquisition cash consideration and general corporate purposes
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