Ares Management (ARES) Reports In-Line Q4 EPS

Ares Management (NYSE: ARES) reported Q4 EPS of $0.46, in-line with the analyst estimate of $0.46.

“Ares reported remarkable results for the fourth quarter, concluding a very strong year despite the challenging economic and market conditions brought on by the global pandemic,” said Michael Arougheti, Chief Executive Officer and President of Ares. “We achieved records in nearly every financial measure. Full year growth in AUM and fee related earnings both exceeded 30%, supported by record gross fundraising of more than $40 billion and deployment of over $20 billion for 2020. Investors continue to entrust more of their capital to Ares as we demonstrate our consistent fund performance through market cycles and as investors seek higher returning alternatives to traditional investments.”

“Our strong growth during 2020 demonstrates the resiliency of our management fee centric business model which enables us to thrive during challenging conditions,” said Michael McFerran, Chief Operating Officer and Chief Financial Officer of Ares. “Our fourth quarter fee related earnings margin expanded more than 500 basis points from the prior year as we continue to scale new and existing investment strategies and realize cost efficiencies. Looking forward, based upon the trajectory of our business, our available capital to invest and our promising fundraising pipeline, we are pleased to announce a 17.5% increase in our dividend.”

For earnings history and earnings-related data on Ares Management (ARES) click here.

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