Ares Management Reports Q3 2026 Earnings and Declares Quarterly Dividends

Executive Summary

On October 29, 2026, Ares Management Corporation filed a Form 8-K under Items 2.02 and 7.01 disclosing its third quarter 2026 financial results, earnings presentation, and quarterly dividend declarations.

Key Financial Highlights (Q3 2026)

• GAAP Financials:
  • GAAP net income attributable to Ares Management Corporation was $85.3 million ($0.21 per basic and diluted share of Class A and non-voting common stock).
  • GAAP management fees totaled $1,057.1 million.
• Non-GAAP / Alternative Asset Management Metrics:
  • Fee Related Earnings (FRE): $524.2 million, an increase of 11% compared to Q3 2025 ($471.2 million).
  • Realized Income (RI): $490.1 million, an 8% YoY increase.
  • After-Tax Realized Income: $449.6 million ($1.26 per share of Class A and non-voting common stock), up 6% YoY.
• Assets Under Management (AUM):
  • Total AUM reached $690.6 billion, up 16% YoY from $595.7 billion.
  • Fee Paying AUM (FPAUM) reached $416.4 billion, up 13% YoY from $367.6 billion.
  • Available Capital stood at $173.8 billion, with $93.8 billion of AUM not yet paying fees available for future deployment.
• Fundraising & Deployment:
  • Gross fundraising of $31.0 billion in Q3 2026, with net capital inflows of $28.6 billion.
  • Gross capital deployment totaled $34.8 billion ($18.4 billion in drawdown funds).

Corporate Actions & Dividends

• Common Stock Dividend: Declared a quarterly dividend of $1.35 per share on Class A and non-voting common stock, payable December 31, 2026, to stockholders of record as of December 17, 2026.
• Preferred Stock Dividend: Declared a dividend of $0.84375 per share on its 6.75% Series B mandatory convertible preferred stock, payable January 1, 2027, to holders of record as of December 15, 2026.
• M&A Event: Subsidiary ARCC announced a definitive merger agreement to acquire MidCap Financial Investment Corporation (NASDAQ: MFIC) in a stock-and-cash transaction valued at approximately $2.6 billion.