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AI brief of an SEC Form 8-K · Ares Management (ARES)

Ares Management Q3 net income rises to $118.5 million, EPS $0.55 from $0.30

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyAres Management (ARES)
Form8-K, current report
Filed with the SECOct 31, 2024, 7:19 PM ET
Accession number0001628280-24-044637

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.