NYSE$ARES

Ares Management Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Ares reported first quarter 2021 results with significant AUM growth.

Ares Management Corporation reported GAAP net income of $58.4 million for the first quarter ended March 31, 2021. The company's AUM surpassed $200 billion, supported by strong fundraising and fund performance. Fee related earnings were $128.5 million for the quarter.

  • Ares surpassed $200 billion in assets under management.
  • AUM grew by 39%.
  • Fee related earnings increased by 38%.
  • Ares declared a quarterly dividend of $0.47 per share of its Class A common stock.

Headline financials

Total Revenue

$411M

Previous: $429M-4.2%
EPS (adj)

$0.46

Previous: $0.45+2.2%
Total AUM

$207B

Previous: $149B+38.9%
Free Cash Flow

$58.4M

Previous: -$31M+288.1%
Net Income

$58.4M

Previous: -$31M+288.1%
Operating Income

-$114M

Previous: $347M-132.8%
Gross Profit

$411M

Previous: $429M-4.2%

Revenue & EPS history

Ares · Revenue · Quarterly

$411M

Q1 2021-4.2%vs Q1 2020
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Forward guidance

Ares anticipates a constructive market backdrop and strong fundamentals for the core drivers of its business, expecting favorable industry tailwinds and significant expansion opportunities in the long term.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.4%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+1.4%

Avg return

30 days after

53%

26 / 49 earnings

Positive

+8.5%

Q2 2022

Best reaction

-11.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+5.5%+9.4%
Q4 2025-11.2%-0.2%-19.8%
Q3 2025+5.5%+3.5%+9.0%
Q2 2025-1.6%+2.0%-3.4%
Q1 2025+3.2%+6.4%+8.7%
Q4 2024-2.9%-2.8%-20.7%
Q3 2024-4.8%+2.9%+5.4%
Q2 2024-10.3%-9.3%-1.9%
Q1 2024+0.2%+4.2%+6.4%
Q4 2023+6.1%+4.7%+4.1%
Q3 2023+0.3%+5.6%+10.7%
Q2 2023+1.2%+1.0%+4.3%
Q1 2023+2.5%-1.6%+2.1%
Q4 2022-0.2%-1.9%-12.9%
Q3 2022+6.5%+8.2%+8.7%
Q2 2022+8.5%+10.0%+13.7%
Q1 2022-5.8%-1.4%+3.5%
Q4 2021-2.3%+2.4%-11.4%
Q3 2021+2.0%-0.6%-2.8%
Q2 2021+4.3%+6.0%+9.3%
Q1 2021-6.4%-8.3%-1.7%
Q4 2020+1.6%+4.1%+9.1%
Q3 2020-1.9%-2.0%+5.2%
Q2 2020-0.3%+4.1%-2.0%
Q1 2020+7.7%+7.3%+22.0%
Q4 2019-1.5%-1.3%-21.1%
Q3 2019+5.5%+6.9%+11.3%
Q2 2019-2.8%-9.5%-1.3%
Q1 2019+1.2%+2.1%+4.0%
Q4 2018+6.8%+8.7%+9.9%
Q3 2018+7.2%+10.2%+14.4%
Q2 2018+0.2%+0.7%+1.9%
Q1 2018-3.3%-2.7%-2.4%
Q4 2017+5.9%+4.4%-5.9%
Q3 2017+1.1%+1.3%-1.9%
Q2 2017-0.3%+0.0%-0.3%
Q1 2017-3.4%-0.5%-4.5%
Q4 2016-5.4%-4.6%-20.6%
Q3 2016-1.0%+9.0%+10.0%
Q2 2016-0.5%+1.2%+6.9%
Q1 2016-1.5%
Q4 2015+0.2%
Q3 2015-3.1%
Q2 2015-0.2%
Q1 2015+1.4%
Q4 2014+2.3%
Q3 2014+6.2%
Q2 2014-0.2%
Q1 2014+0.3%
Q3 2013
Q2 2013
Q1 2013

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