(RTTNews) - Ares Management Corporation (ARES) reported first quarter GAAP net income attributable to Ares of $47.2 million compared to $73.0 million, last year. Net income per share of Class A and non-voting common stock was $0.00 compared to $0.33. After-tax realized income was $381.4 million. After-tax realized income per share of class A common stock was $1.09 compared to $0.80. Analysts on average expected the company to report profit per share of $0.94, for the quarter. Analysts' estimates typically exclude special items. Fee related earnings were $367.3 million for the quarter.
First quarter total revenues increased to $1.09 billion from $707.36 million, prior year.
Ares declared a quarterly dividend of $1.12 per share of Class A and non-voting common stock, payable on June 30, 2025 to Class A and non-voting common stockholders of record at the close of business on June 16, 2025.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
