EPS: As of FY2026 Q1, the actual value is USD 0.46.<h3>Financial and Operational Metrics</h3>Ares Management Corporation reported a strong first quarter for 2026 .<h4>Net Income</h4>GAAP net income attributable to Ares Management Corporation was $142.6 million for the quarter ended March 31, 2026, an increase from $47.170 million in Q1 2025 .<h4>Realized Income</h4>After-tax realized income was $452.4 million for the quarter ended March 31, 2026, an increase of 19% from $381.431 million in Q1 2025 . Total realized income was $502.7 million for Q1 2026, a 24% increase from $405.924 million in Q1 2025 .<h4>Fee Related Earnings (FRE)</h4>Fee related earnings were $464.4 million for the quarter ended March 31, 2026, marking a 26% increase from $367.276 million in Q1 2025 . The Fee Related Earnings margin was 42.4% for Q1 2026, up from 41.5% in Q1 2025 .<h4>Management Fees</h4>GAAP Management Fees were $989.5 million for Q1 2026, compared to $816.987 million in Q1 2025 . Unconsolidated Management Fees and Other Fees totaled $1,075.5 million for Q1 2026 . Management fees increased by 25% year-over-year .<h4>Fee Related Performance Revenues</h4>Fee Related Performance Revenues were $19.6 million for Q1 2026, a decrease from $28.051 million in Q1 2025 .<h4>Assets Under Management (AUM)</h4>As of March 31, 2026, Ares Management Corporation’s global platform had over $644 billion of assets under management, specifically $644.3 billion, representing an 18% increase from the prior year . This growth was driven by commitments to drawdown funds, capital raised by perpetual capital vehicles, the acquisition of BlueCove, and additional managed assets from the insurance platform .<h4>Fee Paying Assets Under Management (FPAUM)</h4>Total Fee Paying AUM (FPAUM) reached $399.6 billion, a 19% increase from the prior year . The growth was mainly due to capital deployment by drawdown funds, capital raised by perpetual capital vehicles, the acquisition of BlueCove, and additional managed assets from the insurance platform .<h4>Available Capital</h4>Available Capital stood at $158.1 billion, an 11% increase from the prior year, primarily driven by commitments to U.S. direct lending, opportunistic credit, real estate, private equity secondaries, and infrastructure secondaries strategies .<h4>AUM Not Yet Paying Fees</h4>AUM Not Yet Paying Fees was $101.7 billion, a 3% increase from the prior year, mainly from commitments to opportunistic credit and real estate strategies, partially offset by net deployment in European direct lending . This includes $79.4 billion available for future deployment and $4.2 billion of development assets not yet stabilized, which could collectively generate approximately $715.9 million in potential incremental annual management fees .<h4>Capital Raised and Deployment</h4>Capital Raised totaled $29.5 billion, with net inflows of capital amounting to $27.9 billion . The company reported record first quarter fundraising of $30 billion, up more than 45% year over year . Capital Deployment was $32.3 billion in Q1 2026, compared to $31.4 billion in Q1 2025 . Deployment by drawdown funds was $17.2 billion in Q1 2026 (vs. $16.7 billion in Q1 2025), and by perpetual capital vehicles was $16.0 billion (vs. $13.0 billion in Q1 2025) .<h4>Dividends</h4>A quarterly dividend of $1.35 per share of Class A common stock was declared, with payment scheduled for June 30, 2026, to stockholders of record as of June 16, 2026 . Ares Management Corporation also declared a quarterly dividend of $1.35 per share for its Class A and non-voting common stock, and $0.84375 per share for its 6.75% Series B mandatory convertible preferred stock .<h4>Balance Sheet and Liquidity (As of March 31, 2026)</h4><ul><li>Cash and cash equivalents: $568.8 million .</li><li>Term debt obligations: $2,961.5 million .</li><li>Amount drawn on revolving credit facility: $1,425.0 million, with $415.0 million available capacity .</li><li>Available Liquidity: $983.8 million .</li><li>Corporate investment portfolio (Unconsolidated): $2,797.8 million .</li><li>Net Accrued Performance Income: $1,011.1 million .</li></ul><h4>Other Operational Metrics</h4><ul><li>Acquisition: On February 1, 2026, Ares Management Corporation completed the acquisition of BlueCove Limited, increasing AUM by $5.5 billion .</li><li>Perpetual Capital: $215.3 billion, a 39% increase from the prior year .</li><li>Incentive Eligible AUM: $333.6 billion, a 14% increase from the prior year .</li><li>Incentive Generating AUM: $161.0 billion, a 23% increase from the prior year .</li></ul><h4>Segment Performance (Q1 2026 vs Q1 2025)</h4><ul><li>Credit Group:<ul><li>Management and other fees: $699.762 million, an increase of 17% .</li><li>Fee related performance revenues: $5.256 million, a decrease of -71% .</li><li>Fee Related Earnings: $477.436 million, an increase of 17% .</li><li>Realized Income: $542.916 million, an increase of 26% .</li><li>Gross Capital Deployment: $23.7 billion, a decrease of -4% .</li><li>AUM: $422.6 billion, an increase of 18% .</li><li>FPAUM: $260.2 billion, an increase of 19% .</li></ul></li><li>Real Assets Group:<ul><li>Management and other fees: $243.378 million, an increase of 60% .</li><li>Fee related performance revenues: $2.601 million .</li><li>Fee Related Earnings: $131.969 million, an increase of 78% .</li><li>Realized Income: $110.773 million, an increase of 26% .</li><li>Gross Capital Deployment: $5.2 billion, no change .</li><li>AUM: $143.4 billion, an increase of 15% .</li><li>FPAUM: $87.1 billion, an increase of 14% .</li></ul></li><li>Secondaries Group:<ul><li>Management and other fees: $72.060 million, an increase of 25% .</li><li>Fee related performance revenues: $11.699 million, an increase of 21% .</li><li>Fee Related Earnings: $54.633 million, an increase of 35% .</li><li>Realized Income: $53.198 million, an increase of 34% .</li><li>Gross Capital Deployment: $1.1 billion, a decrease of -31% .</li><li>AUM: $42.6 billion, an increase of 36% .</li><li>FPAUM: $30.2 billion, an increase of 29% .</li></ul></li><li>Private Equity Group:<ul><li>Management and other fees: $33.619 million, an increase of 4% .</li><li>Fee Related Earnings: $14.857 million, an increase of 4% .</li><li>Realized Income: $18.613 million, an increase of 82% .</li><li>Gross Capital Deployment: $1.2 billion .</li><li>AUM: $24.7 billion, no change .</li><li>FPAUM: $14.2 billion, an increase of 25% .</li></ul></li></ul><h3>Outlook / Guidance</h3>Ares Management Corporation is on track for another record year of fundraising, supported by continued broad-based investor demand across its platform . The company is well positioned to opportunistically invest its capital and meet financial objectives for the year . This position is strengthened by an expanding global platform, a record investment pipeline, and nearly $160 billion of available capital .

ARES Management LP | 8-K: FY2026 Q1 EPS: USD 0.46