Ares Management Corp has recently released its 10-Q report, providing a detailed look into the company's financial performance and operations. Ares Management Corp operates as an alternative asset manager, with segments including Tradable Credit Group, Direct Lending Group, Private Equity Group, and Real Estate Group. The company manages various types of investment funds for institutional and retail investors, with a focus on tradable and non-investment grade corporate credit markets, financing solutions for small-to-medium sized companies, and majority or shared-control investments in under-capitalized companies.
Within the 10-Q report, "Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Consolidated Results of Operations of the Company” provides a breakdown of the company's revenues. For instance, management fees from GLP J-REIT (TSE: 3281) are presented, showing an annual fee rate and fee base for the Real Assets Group J-REIT Real Estate segment. Additionally, the report details management fees by strategy, excluding J-REIT, with average remaining contract terms of 4.8 years for Real Assets Group Real Estate and 5.3 years for Infrastructure.
The report also delves into the consolidation and deconsolidation of Ares Funds, revealing that Consolidated Funds represented approximately 3% of the company's AUM as of June 30, 2025. The impact of consolidation is shown to decrease management fees, carried interest allocation, and incentive fees reported under GAAP. Furthermore, the report highlights the contribution of financial interests as collateral or credit-enhancement to structured investment vehicles managed by Ares Management Corp.
In terms of the company's consolidated results of operations, the 10-Q report reveals a significant increase in total revenues, totaling $1,350,128,000 for the three months ended June 30, 2025, compared to $788,682,000 for the same period in 2024. Similarly, for the six months ended June 30, 2025, total revenues amounted to $2,438,933,000, compared to $1,496,045,000 for the same period in 2024. The report also provides a breakdown of revenues, including management fees, carried interest allocation, incentive fees, principal investment income, and administrative, transaction, and other fees.
The market has reacted to these announcements by moving the company's shares 0.79% to a price of $188.43. For the full picture, make sure to review Ares Management Corp's 10-Q report.
