Ares Management Q1 after-tax realized income up 44% to $381.4 million; GAAP profit falls
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits 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 May 02, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.