Ares Management Corporation (ARES) Wednesday reported net income attributable to the company's Class A and non-voting common
stockholders of $154.54 million or $0.72 per share for the fourth quarter, compared with $173.95 million or $0.86 per share in the same quarter a year ago.
After-tax realized income was $434.69 million or $1.23 per share, up from $400.38 million or $1.21 per share last year.
On average 15 analysts expected earnings of $1.30 per share. Analysts' estimates typically exclude special items.
Revenue for the quarter increased to $1.259 billion from $1.054 billion in the previous year. The consensus estimate was for $1.23 billion.
Assets under management (AUM) as of December 31, 2024 was $484.4 billion, an increase of 16 percent from prior year
Ares declared a quarterly dividend of $1.12 per share, payable on March 31, to stockholders of record on March 17.
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