Ares Management Corporation — Third Quarter 2026 Earnings Summary

Financial Performance:

• GAAP net income attributable to Ares Management Corporation was $85.3 million for the quarter ended September 30, 2026.
• Net income per share of Class A and non-voting common stock was $0.21 on a basic and diluted basis.
• After-tax realized income was $449.6 million, or $1.26 per share of Class A common stock.
• Fee-related earnings were $524.2 million for the quarter.
• Assets under management totaled approximately $691 billion as of September 30, 2026.

Guidance and Future Outlook:

• Management expects another record year in fundraising with visibility for a strong fourth quarter.
• Strong fourth-quarter deployment is anticipated, driven by sustained demand in global institutional and wealth channels.
• Substantial embedded growth from capital already raised but not yet earning fees provides visibility into continued management fee and earnings growth in 2027 and beyond.
• The company expects to meet or exceed key financial objectives for 2026.

Business Segments and Product Lines:

• Gross capital commitments raised exceeded $31 billion during the quarter.
• Over half of capital inflows originated outside the Credit Group.
• The company invested $35 billion across its diversified strategies.
• The platform offers primary and secondary investment solutions across credit, real estate, private equity, and infrastructure asset classes.

Other Key Points:

• A quarterly dividend of $1.35 per share of Class A and non-voting common stock was declared, payable on December 31, 2026, to shareholders of record on December 17, 2026.
• A quarterly dividend of $0.84375 per share of 6.75% Series B mandatory convertible preferred stock was declared, payable on January 1, 2027, to shareholders of record on December 15, 2026.
• A Dividend Reinvestment Program for Class A common stockholders will become effective for the quarterly dividend on December 31, 2026, administered by Equiniti Trust Company.
• A conference call to discuss results is scheduled for October 29, 2026, at 9:00 a.m. Eastern Time.
• A detailed earnings presentation titled "Third Quarter 2026 Earnings Presentation" is available on the company's Investor Resources website.