ARES Stock Recent News

NEW YORK, NY / ACCESSWIRE / October 4, 2024 / Ares Management Corporation announced today that it will report earnings for the third quarter ending September 30, 2024 on Friday, November 1, 2024 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m.

Ares Management is a major player in private credit, managing nearly $447 billion across various strategies, with a strong focus on credit investments. The company has experienced significant growth, with an 18% CAGR in AUM and nearly 1300% total shareholder return over the past decade. Ares is well-positioned to benefit from long-term trends in alternative investments, particularly private credit, which is expected to continue growing.

BOSTON , Oct. 2, 2024 /PRNewswire/ -- Second Avenue Capital Partners (" SACP "), a Schottenstein affiliate, is pleased to announce the closing of a $175,000,000 Senior Secured Revolving Line of Credit for Gabe's, a leading off-price retailer operating in the mid-Atlantic and Southeast US. The new credit facility, which was provided by SACP and Ares Management Credit funds (" Ares "), will be used to support Gabe's ongoing growth initiatives, enhance operational flexibility, and strengthen the company's capital structure.

NEW YORK & MEXICO CITY--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that one of its subsidiaries has entered into a definitive agreement to acquire 100% of Walton Street Capital Mexico S. de R.L. de C.V. and certain of its affiliates (“Walton Street Mexico”), a leading real estate asset management platform focused primarily on the industrial sector with US$2.1 billion in assets under management as of June 30, 2024, from Walton Street Capital, L.L.C. (“Walt.

BOSTON , Sept. 18, 2024 /PRNewswire/ -- Schottenstein affiliates Second Avenue Capital Partners (SACP) and SB360 Capital Partners (SB360), providers of customized solutions for the retail and consumer product sectors, along with Ares Commercial Finance (Ares), are pleased to announce the closing of a $112,000,000 Senior Secured Revolving Credit Facility and Term Loan for Backcountry, the leading, premium specialty retailer of outdoor gear and apparel.

Ares Management is experiencing explosive growth in assets under management, with a 19% annual growth rate, reaching $447 billion, driving elevated fee revenue growth. The firm excels in credit and alternative investments, benefiting from secular growth trends in private credit, real estate, and infrastructure, offering multiple income streams. Despite strong long-term prospects and a Buy rating, Ares' current P/E ratio of 35.7x suggests it's overvalued, making it prudent to wait for a pullback.

Global private credit firms, including industry leader Ares Management, are increasingly focused on Italy as more small businesses which are the backbone of its economy open up to outside investors, providing buyout deal opportunities.

Ares Management Corporation (NYSE:ARES ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Greg Mason - Co-Head-Public Markets IR Michael Arougheti - CEO Jarrod Phillips - CFO Conference Call Participants Craig Siegenthaler - Bank of America Steven Chubak - Wolfe Research Alex Blostein - Goldman Sachs Brennan Hawken - UBS Bill Katz - TD Cowen Ben Budish - Barclays Ken Worthington - JPMorgan Patrick Davitt - Autonomous Research Michael Cyprys - Morgan Stanley Brian Bedell - Deutsche Bank Operator Good morning, everyone, and welcome to the Ares Management Corporation's Second Quarter Earnings Conference Call. All this time all participants are in a listen-only mode.

Although the revenue and EPS for Ares Management (ARES) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Ares Management (ARES) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.90 per share a year ago.