The market expects Ares Management (ARES - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis private equity firm is expected to post quarterly earnings of $1.25 per share in its upcoming report, which represents a year-over-year change of +5%.
Revenues are expected to be $1.26 billion, up 8.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.66% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ares Management?For Ares Management, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.06%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Ares Management will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ares Management would post earnings of $1.29 per share when it actually produced earnings of $1.29, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ares Management doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Ares a Norges Bank Investment Management založily partnerství zaměřené na evropské logistické nemovitosti; NBIM do něj poskytne kapitálový závazek ve výši 1,5 mld. EUR.
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that Ares Real Estate has established a European logistics investment partnership with Norges Bank Investment Management (“NBIM”). NBIM has made an equity commitment of €1.5 billion.
This transaction marks the first collaboration between Ares and NBIM. Ares will target attractive logistics investment opportunities across Europe, with a focus on modern, high-quality assets serving evolving supply chain, distribution and e-commerce needs. The strategy will leverage the insights and resources of Ares’ integrated logistics operating platform, Marq Logistics, which manages a global portfolio of over 2,250 properties totalling more than 655 million square feet. With Marq Logistics, Ares combines its scale, expertise and integrated logistics real estate capabilities to deliver consistent, best-in-class solutions to its tenants globally as a landlord of choice.
“We are proud to establish this partnership with NBIM, one of the world’s leading institutional investors,” said Julie Solomon, Partner and Head of Ares Real Estate. “Their commitment reflects our shared conviction in the scale of the European logistics market opportunity and the strength of our platform. We value the trust they have placed in Ares and look forward to building a strong and enduring relationship together.”
“This milestone is a testament to the strength of our leading real estate platform as well as the capabilities of Marq Logistics, which will enhance our ability to deliver a quality portfolio,” said Daan van den Hoven, Partner and Head of European Logistics at Ares. “Demand for modern, well-located logistics facilities continues to be supported by powerful structural trends, and we believe we can capitalize on compelling opportunities through thoughtful asset selection and management.”
“Ares is an experienced investor and developer with a strong presence in Europe's major logistics markets, and has a good track record of creating value for its investment partners. This partnership gives us access to both standing assets and development opportunities, and we look forward to building a long-lasting partnership,” said Alex Knapp, Global Head of Real Estate at Norges Bank Investment Management.
Ares Real Estate is one of the most scaled and diversified vertically integrated real estate managers globally with approximately. $121 billion in assets under management as of June 30, 2026. With over 720 professionals across offices in the Americas, Europe and APAC, the team executes equity and debt strategies across property types and spanning the breadth of the risk-return spectrum.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.
About Norges Bank Investment Management
Norges Bank Investment Management manages the Norwegian Government Pension Fund Global. With assets worth approximately 22,000 billion Norwegian kroner (around 2,300 trillion US dollars), the fund is invested in international equity and fixed-income markets, as well as real estate and renewable energy infrastructure. Its purpose is to ensure responsible, long-term management of revenues from Norway's oil and gas resources so that this wealth benefits both current and future generations. It seeks to achieve the highest possible return in a safe, efficient, responsible and transparent manner, within government guidelines.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261020405013/en/
KKR prodá pronajímatele železničních vagonů Infinity Transportation fondům Ares Infrastructure Equity a Ares Insurance Solutions při hodnotě podniku přibližně 2,9 miliardy USD. Uzavření transakce se očekává v prvním čtvrtletí 2027.
NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) and Ares Management Corporation (NYSE: ARES) (“Ares”) today announced a definitive agreement under which KKR will sell Infinity Transportation (“Infinity” or the “Company”), a scaled, full-service railcar and intermodal equipment lessor, to Ares Infrastructure Equity and Ares Insurance Solutions funds for an enterprise value of approximately $2.9 billion. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the first quarter of 2027.
Founded in 2004, Infinity owns and manages approximately 50,000 railcars leased to more than 350 unique lessees across the United States, Canada and Mexico. KKR’s wholly owned subsidiary, Global Atlantic, has invested in Infinity since 2016. Since 2021, the Company – with KKR’s support – established its standalone operating platform and expanded its fleet, increasing book value by 150% and scaling the business into one of the largest railcar lessors in the United States.
Following the close of the transaction, Ares intends to leverage its extensive infrastructure investing capabilities and scaled capital to support Infinity’s experienced management team, continued fleet growth and deep customer relationships across North America.
“Infinity is a great example of KKR's ability to scale ABF platforms into industry leaders and accelerate their long-term growth,” said Daniel Pietrzak, Partner and Head of ABF at KKR. “This transaction demonstrates the value that can be created when you combine long-term patient capital with strong partnership and deep expertise. We are proud of what we have built together over the past decade and are confident that Ares will be an exceptional partner to Infinity going forward.”
“We appreciate KKR’s partnership and support, which enabled us to invest in the team, expand our fleet and build Infinity into the industry leader it is today,” said Jeff Edelman, President and CEO of Infinity. “We're proud of what we've achieved to date and are excited to begin a new chapter with Ares, whose scale and experience will support our continued growth.”
“Infinity’s railcar portfolio is a critical component of the U.S. transportation and logistics supply chain, and we are pleased to build on our expanding activity in the sector through this transaction,” said Mike Roth, Partner in Ares Infrastructure Equity, and Anup Agarwal, Head and Chief Investment Officer of Ares Insurance Solutions. “Transportation and logistics assets continue benefiting from the reshoring of manufacturing, increased investment in domestic industrial capacity and growing need for more resilient supply chains. Alongside this strong underlying demand, Infinity’s high-quality, long-lived assets are well suited for long-term investment. We look forward to partnering with Jeff and his team to support continued fleet growth, deepen customer relationships and pursue new acquisition opportunities.”
Macquarie Capital is serving as financial advisor and Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Citi is serving as financial advisor and Kirkland & Ellis LLP is serving as legal counsel to Ares.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.
About Infinity Transportation
Infinity Transportation Equipment Leasing is a scaled, full-service rail and intermodal equipment lessor providing net and full-service leases, as well as other structured financing solutions, that address the logistical and financial needs of its customers. Founded in 2004 and headquartered in Atlanta, Georgia, Infinity owns and manages approximately 50,000 railcars leased to more than 350 unique lessees across North America. Infinity is led by a veteran management team with a broad range of technical expertise, asset-level knowledge and transaction experience across transportation operations, maintenance and finance. For more information, please visit www.infinitytransport.com.
SEATTLE and WASHINGTON, Oct. 05, 2026 (GLOBE NEWSWIRE) -- Sabey Corporation ("Sabey") and National Real Estate Advisors, LLC ("National") today announced that Ares Secondaries funds (“Ares”) have expanded their investment in Sabey Data Center Properties, LLC ("SDCP"), an owner, developer, and operator of data centers across the United States. The additional commitment builds on Ares' minority equity investment in SDCP announced in July 2026, bringing its total investment to more than $500 million.
SDCP is a fully integrated data center platform that owns and operates hyperscale and enterprise data center campuses located in top-tier United States data center markets totaling 275 megawatts (MW), with an expansion pipeline expected to reach approximately 737 MW by 2033.
"This follow-on investment reflects continued conviction in SDCP's long-term value proposition and growth trajectory," said Kevin Verdi, Executive Vice President & Chief Investment Officer at National Real Estate Advisors. "We remain focused on disciplined growth and delivering the digital infrastructure needed to support the next generation of cloud and AI demand."
"We are pleased to deepen our relationship with Ares as we continue executing on our long-term growth strategy,” Tim Mirick, President of Sabey Data Center Properties, added. “This additional commitment reflects confidence in the strength of our platform and our ability to develop and operate the mission-critical infrastructure our customers rely on."
“We are pleased to expand our investment in SDCP and build on our relationship with the Sabey and National teams as we continue to see significant runway for growth,” said Jamie Sunday, Co-Head of Real Estate Secondaries at Ares.
The additional investment further aligns three long-term partners committed to supporting SDCP's continued growth and expanding the platform's ability to serve customers across an increasingly data-driven economy.
To learn more about Sabey Corporation, visit https://sabey.com/.
To learn more about SDCP, visit: https://sabeydatacenters.com.
About Sabey Data Center Properties (SDCP)
With a portfolio of more than four million square feet of mission-critical space, Sabey Data Centers is one of the largest privately owned multi-tenant data center owners/developers/operators in the United States. Sabey specializes in scalable, custom-built data center solutions recognized for their efficiency, low total cost of ownership, operational maturity and sustained uptime. Sabey provides sustainable data center services to many of the world's top financial, technology and healthcare companies. The company is a joint venture between Sabey Corporation and National Real Estate Advisors, LLC, acting as the investment manager on behalf of its institutional clients.
To learn more about Sabey Data Centers, please visit sabeydatacenters.com.
About Sabey Corporation
Sabey is a privately held commercial real estate development and investment company established in 1971 specializing in data center, medical and life sciences, education, government and military properties. Headquartered in Tukwila, Sabey employs more than 270 people.
About National Real Estate Advisors, LLC
National Real Estate Advisors, LLC ("National") is an investment manager developing, operating, and managing commercial real estate and infrastructure projects across the United States.
Since 2000, National has built diversified investment portfolios currently concentrated primarily in multifamily, data centers, healthcare-related, and mixed-use facilities. The firm manages separate accounts and commingled investment vehicles on behalf of investors, applying a disciplined investment process and development-led approach to value creation.
National is an independently operated subsidiary of the National Electrical Benefit Fund ("NEBF"), a pension trust with assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.
Investment reinforces Awayday's locally-run, field-first model and supports its commitment to delivering value to key stakeholders
, /PRNewswire/ -- Awayday (the "Company"), a leading vacation rental management company on a mission to perfect the vacation rental experience for owners and guests alike, today announced it has closed a significant investment from Warburg Pincus, the pioneer of global growth investing. The investment is being made by the Warburg Pincus Capital Solutions Founders Fund ("WPCS FF"). The Company's majority owners, an Ares Private Equity fund ("Ares") and LightBay Capital ("LightBay"), will remain the controlling shareholders. Terms of the investment were not disclosed.
Awayday partners with independent vacation rental operators seeking the scale, systems, and support of a national platform while preserving their local identity – an approach the Company calls "Join Us, Stay You." Today, the Company manages more than 18,000 properties across the United States through a portfolio of local brands, supported by more than 1,800 team members.
Awayday will use proceeds from this investment to return capital to the Company's existing equity investors, including Ares, LightBay, and its rollover equity partners. In addition, Awayday will deliver proceeds to the leading local operators and supporting team members who have been integral to driving the Company's growth through its field-first model.
"Warburg Pincus' investment is a vote of confidence in our team of more than 1,800 people – some of the most experienced local operators and support teams in the vacation rental industry – and in the strength of our portfolio of vacation rental brands across North America," said Jakob Dwyer, CEO of Awayday. "Ownership mentality is one of our core values: we ask our teams to think and act like owners, and we believe they should share in the value they create. At Awayday, we call that 'winning together' through a model that supports locally run businesses led by operators who put their guests, owners, and teams first. Our local teams are the stars of the show, and we will keep building a company that treats them that way."
"Awayday has built an exceptional vacation rental management company, rooted in a business model that combines national reach with local connections and expertise. That model has fueled both strong organic growth and a highly effective M&A strategy," said Lee Becker, Managing Director at Warburg Pincus. "This investment aligns with our strategy of partnering with market-leading businesses that deliver strong value for customers and employees, have a proven track record of organic growth, and are led by best-in-class leadership teams at every level of the organization. We look forward to supporting Awayday as it continues to build on its success to date," added Claire Branch, Principal at Warburg Pincus.
Warburg Pincus Capital Solutions Founders Fund closed in September 2024 with over $4 billion in commitments. Capital Solutions has a flexible mandate that allows it to partner with founders and existing shareholders to provide solutions for balance sheet optimization, shareholder liquidity, M&A, or growth. The group leverages Warburg Pincus' global platform and firmwide resources across geographies to source and execute on hybrid capital transactions.
About Awayday
Awayday is a national vacation rental management company on a mission to perfect the vacation rental experience. Awayday manages more than 18,000 properties across the United States through a portfolio of local brands, supported by more than 1,800 team members. Guided by its core values – Servant Leadership, Ownership Mentality, "Local, Local, Local", and Excellence – Awayday pairs national scale in technology, revenue management, and marketing with local teams who know their markets and care for their customers.
About Warburg Pincus
Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $105 billion in assets under management, and more than 225 companies in its active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate, and capital solutions strategies.
Warburg Pincus' Capital Solutions team collaborates closely with the firm's 290+ investment professionals and 75+ value creation executives across Warburg Pincus' global industry verticals, critical to sourcing and underwriting differentiated, attractive investments. Recent investments have included DriveCentric, Excelitas Technologies, Global Eggs, MB2 Dental, Madison International Realty, MIAX, MyKaarma, Nord Security, Paradigm Oral Health, Service Compression, and United Trust Bank.
The firm is headquartered in New York with more than 15 offices globally. For more information, please visit www.warburgpincus.com or follow us on LinkedIn and YouTube.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity, and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.
About LightBay Capital
LightBay Capital is a Los Angeles-based private equity firm with $1.7 billion of committed capital. We invest primarily in founder-led healthcare and business services companies, partnering with owners and their management teams to accelerate growth through investments in talent and technology. For more than two decades, LightBay's principals have created meaningful value by pairing deep domain expertise with a shared commitment to servant leadership and an entrepreneurial mindset. For more information, please visit www.lightbay.com
Media Contacts
Awayday
Danny Bradford
EVP of Revenue & Marketing
[email protected]
Ares Management keeps raising its dividend and breaking fundraising records even as its stock slides 25% this year, which raises a question most investors in the company have not yet answered: what exactly are they holding?
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Ares Management (NYSE:ARES | ARES Price Prediction) closed at $116.57 on October 1. The shares are down 25.42% year to date, even though the company keeps setting fundraising records. The dividend has kept rising while the price has fallen. That combination forces a shareholder to decide what this stock is for.
How Ares Actually Makes Money Ares is an alternative asset manager. It raises money from pensions, insurers and rich families, then invests it outside public stocks and bonds. Its main engine is private credit, which means loans made directly to companies instead of through banks. The Credit Group brought in $722.4M of second-quarter revenue, up 14%.
Ares earns money in two very different ways. Management fees are charged on the assets it manages. After costs, those fees become fee-related earnings (FRE), and they repeat every quarter. Performance income is Ares’s share of profits when investments are sold, so it arrives in uneven chunks.
In Q2, FRE rose 20% to $491.1M. Realized net performance income came to about $51 million, and management expects roughly $10 million in Q3. The steady stream is what pays the dividend. About 94% of management fees come from perpetual capital or long-dated funds, meaning money that investors cannot pull out quickly.
A Dividend That Grows Like a Growth Stock Ares pays $1.35 per quarter after a 20% raise. The quarterly payout was $0.47 in 2021, $0.77 in 2023 and $1.12 in 2025. The stock yields 4.25%, compared with 4.59% at Blackstone (NYSE:BX) and 0.82% at KKR (NYSE:KKR).
Growth Engines Still Running Hot Total AUM reached $671.3B, up 17%. Ares raised a record $36.4B in the quarter and holds $170B of dry powder. FRE margin expanded to 42.2% from 41.2%. Management targets 16% to 20% FRE growth.
CEO Michael Arougheti stated: “Our primary goal is growth.”
What Investors Are Paying for Ares Ares trades at a forward P/E of 17, against 16 for Blackstone and 13 for KKR. The average analyst target is $147.3. Of analysts covering the stock, 12 rate it a buy or strong buy and 7 rate it a hold.
Verdict: A Growth Stock That Pays You to Wait Ares is a growth stock. The dividend rises with fees and has grown every year since 2021. A yield near Blackstone’s comes with a dividend growing at about 20% annually.
A credit cycle downturn could slow fundraising, stall deployment and test investor commitment. Management highlighted this risk:
“There is a risk that some of the wealth flows could be more pro-cyclical than people thought they were, which is why we continue to index aggressively into the institutional market.”
The effective management fee rate has also fell, from 1.00% to 0.97%. Ares has scheduled its third-quarter release. Two numbers in that report will show whether the thesis holds: FRE growth inside the target range and fundraising on pace.
Contact [email protected] for any questions or corrections.
Ares poskytl Phoenix Tower International dluhové financování za 2 miliardy USD v rámci celkového balíku 6,5 miliardy USD. Úvěr má refinancovat stávající dluhy a podpořit další růst.
Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, announced today that certain of its funds (“Ares”) provided $2.0 billion of a $6.5 billion multi-jurisdiction financing for Phoenix Tower International (“PTI”), a leading global owner and operator of telecom tower infrastructure. As part of the transaction, Ares funded approximately $1.8 billion at closing.
The new debt facility will be used to consolidate PTI’s existing loans and provide substantial additional capacity to support further growth across existing and new markets globally. PTI has built a leading global communications infrastructure platform comprising more than 33,000 wireless sites across 23 countries globally. Ares Infrastructure Debt played a key role structuring this transaction, which underscores that strategy’s commitment to delivering scaled, flexible financing solutions for premier infrastructure platforms globally and represents one of the largest private credit financings to date in the towers sector.
“We are pleased to deepen our longstanding partnership with PTI through this landmark financing,” said Roopa Murthy, Partner and Co-Head of EMEA Infrastructure Debt at Ares. “PTI has established itself as one of the premier independent telecommunications tower platforms globally, with a differentiated portfolio of high-quality assets, an exceptional management team and a proven track record of disciplined growth across diverse markets. Alongside Blackstone and the broader sponsor group, we look forward to supporting the company’s next phase of growth.”
“This $6.5 billion financing, the largest of its kind for a privately held tower company, reflects our lenders’ confidence in PTI and our team’s execution across 23 jurisdictions. It strengthens our capital structure and positions us to keep delivering for customers globally. We are grateful to Ares and Apollo for their partnership,” said Michael Bremer, Chief Financial Officer of PTI.
Ares Infrastructure Debt supports the growth of global, defensive infrastructure assets across the digital infrastructure, power, midstream, transport and utilities sectors by delivering flexible, bespoke capital solutions to borrowers. As of June 30, 2026, the Ares Infrastructure business had $29.9 billion of AUM, with over 130 investment professionals across the globe.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.
About Phoenix Tower International
Phoenix Tower International (PTI) is an independent, globally active tower company headquartered in Boca Raton, Florida (USA). The company owns and operates more than 33,000 mobile network sites across 23 countries and, as a neutral host infrastructure provider, offers open access to all mobile network operators.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260930073732/en/
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Ares vloží do reorganizace Plenitude přibližně 1,5 miliardy eur a po transakci zvýší podíl na 26,24 %. Spolu s Eni tak posiluje kontrolu i řízení firmy.
Reorganization of Plenitude’s capital structure expands Ares’ economic and governance participation in the company
LONDON--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES), a leading global investment manager, announced today that Ares Alternative Credit funds (“Ares”) participated in a reorganization of the shareholding and governance structure of Plenitude through which Ares and Eni S.p.A (“Eni”) upsized their capital contribution by approximately €1.5 billion, of which over €1 billion is attributable to Ares, based on a pre-money equity valuation of Plenitude of €10.75 billion. Following completion of the transaction, Ares holds 26.24% of Plenitude’s share capital, with Eni holding 65.03% and Energy Infrastructure Partners (“EIP”) as an 8.73% shareholder. Ares first invested in Plenitude in 2025, acquiring a 20% stake in the business for approximately €2 billion.
This transaction is geared towards strengthening Plenitude’s capital structure and introduces an enhanced governance framework that supports the company’s long-term growth ambitions. Ares and Eni will jointly control Plenitude, with Ares appointing three of Plenitude’s Board members – including Stefano Questa as Chairman – and Eni appointing five, including the CEO, and EIP one.
“Our continued commitment to Plenitude underscores our conviction in its long-term growth ambitions,” said Stefano Questa, Partner and Co-Head of European Alternative Credit. “We are also pleased to strengthen our collaboration with Eni and look forward to continuing to work together as we support Plenitude.”
Ares Alternative Credit focuses on asset-based finance and tactical asset investing opportunities beyond traditional markets, such as corporate debt, real estate and private equity. This strategy seeks opportunities in large, diversified portfolios, including specialty finance, lender finance, equipment leasing, structured products, net lease, cash-flow streams – such as royalties, licensing, and management fees – and other asset-focused investments. As of June 30, 2026, Ares Alternative Credit managed assets of approximately $57 billion.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation’s global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.
Momentum Financial Services Group obnovila úvěrovou linku s Ares a navýšila ji na C$810 milionů, s možností dalšího navýšení až o C$130 milionů. Splatnost byla prodloužena do ledna 2029.
Renewed facility upsized by C$152.1 million and extended through January 2029
Provides additional financing capacity to support continued growth in Canada and fund new products expected to launch in Canada and the United States
, /PRNewswire/ -- Momentum Financial Services Group, a provider of financial solutions under the Money Mart® brand, is pleased to announce the renewal and upsize of its secured loan facility with Ares Alternative Credit funds ("Ares"). As part of this renewal, Ares has increased its commitment from C$657.9 million to C$810 million, with an accordion feature providing up to an additional C$130 million. The facility has also been extended through January 2029.
The expanded facility reflects the significant growth Momentum has experienced in its Canadian business over the past year. The additional financing capacity will support the company's growing loan receivables portfolio and help fund new products expected to launch in Canada and the United States in the near future.
"This renewal builds on a longstanding and productive partnership with Ares and gives us the funding needed to keep pace with the growth we are seeing in Canada," said Peter Kalen, CEO of Momentum Financial Services Group. "It also positions us to bring new products to market in Canada and the U.S., expanding the range of financial solutions available to our customers and connecting them to money when they need it most."
"We are pleased to further extend our longstanding relationship with Momentum Financial Services Group as the company prepares to launch additional products in Canada and the U.S.," said Felix Zhang, Partner in Ares Alternative Credit. "As a scaled capital provider, we look forward to supporting the company's continued growth through this expanded facility."
Momentum Financial Services Group
Momentum Financial Services Group is a leading provider of accessible financial solutions, dedicated to empowering individuals and families to achieve their goals. As the team behind the trusted brand, Money Mart®, making up over 360 stores in Canada and 60 in the United States, Momentum specializes in providing flexible omni-channel solutions that fit real-life needs, whether it's a quick personal loan, cheque cashing, money transfers, or currency exchange.
Operating across North America, Momentum Financial Services Group leverages decades of expertise to meet the evolving needs of their customers. Momentum's mission is to provide fast, flexible, and reliable financial tools, helping communities thrive with confidence and security.
For more information, visit www.mfsg.com.
Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.
, /PRNewswire/ -- Ares Dynamic Credit Allocation Fund, Inc. ("ARDC" or the "Fund") (NYSE: ARDC) announced today the declaration of its distribution for the month of September 2026 of $0.1125 per common share, payable as noted below.
The following dates apply to the declared distribution:
Ex-Date: September 21, 2026
Record Date: September 21, 2026
Payable Date: September 30, 2026
Per Share Amount: $0.1125
Based on the Fund's current share price of $12.17 (as of its close on September 10, 2026), the distribution represents an annualized distribution rate of approximately 11.09% (calculated by annualizing the distribution amount and dividing it by the current price). Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured. The distribution rate should not be considered the yield or total return on an investment in the Fund.
The timing and amount of future distributions, if any, are at the discretion of the Fund. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to the Fund's stockholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income, such as from short-term capital gain, long-term capital gain, or return of capital. Such notices will also be posted on the Fund's website at www.arespublicfunds.com.
The amounts and sources of distributions reported are only estimates and are not provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment performance during the remainder of its fiscal year and may be subject to change based on tax regulations. The final determination of the source of these distributions will be made after the Fund's fiscal year end. If necessary, the Fund may elect to pay an adjusting distribution in December that includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code. In January or February of each year, investors will be sent a Form 1099‑DIV for the previous calendar year that will define how to report these distributions for federal income tax purposes.
This press release is not intended to, and does not constitute, an offer to purchase or sell shares of ARDC.
About Ares Dynamic Credit Allocation Fund, Inc.
Ares Dynamic Credit Allocation Fund, Inc. ("ARDC") is a closed-end management company that is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management Corporation. ARDC seeks to provide an attractive level of total return primarily through current income and, secondarily, through capital appreciation. ARDC invests in a broad, dynamically-managed portfolio of credit investments. There can be no assurance that ARDC will achieve its investment objective. ARDC's net asset value may be accessed through its NASDAQ ticker symbol, XADCX. Additional information is available at www.arespublicfunds.com.
Forward-Looking Statements
Statements included herein may constitute "forward-looking statements" within the meaning of the U.S. securities laws, and may relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and others beyond the Fund's control. Ares Dynamic Credit Allocation Fund undertakes no duty to update any forward-looking statements made herein.
This document is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted. An investor should consider the Fund's investment objective, risks, charges and expenses carefully before investing.
Ares Dynamic Credit Allocation Fund is a closed-end fund, which does not engage in a continuous offering of its shares. Since its initial public offering, the Fund has traded on the New York Stock Exchange under the symbol ARDC. Investors wishing to purchase or sell shares may do so by placing orders through a broker dealer or other intermediary.
Contact
Ares Dynamic Credit Allocation Fund, Inc.
John Stilmar
[email protected]
(888) 818-5298
or
Destra Capital Advisors LLC
[email protected]
(877) 855-3434
Akcie Ares Management za šest měsíců vzrostly o 28,8 %, ale obchodují se za vyšší valuaci s P/E 27,11x. AUM vzrostlo meziročně o 17 % na 671,3 mld. USD.
Key Takeaways Ares Management shares have gained 28.8% in six months, outperforming the industry and the S&P 500.Ares Management AUM rose 17% to $671.3B, while fee-paying AUM climbed 17% to $409.9B as of June 30, 2026.ARES' rising expenses and debt, plus a 27.11X P/E, point to near-term pressure and a premium valuation. Shares of Ares Management (ARES - Free Report) have jumped 28.8% in the past six months, outperforming the industry's 15.3% growth. In the same time frame, the S&P 500 has rallied 13.1%.
Also, the company’s shares have fared better than its peers like Ameriprise Financial, Inc. (AMP - Free Report) and Federated Hermes (FHI - Free Report) . In the past six months, Ameriprise Financial and Federated Hermes shares have gained 21.5% and 12.8%, respectively.
6-Month Price Performance
Image Source: Zacks Investment Research
Does ARES stock have more upside left despite recent price strength? Let us find out by looking at its fundamentals and growth prospects.
Key Factors Supporting Ares ManagementStrong AUM growth: Ares Management’s expanding assets under management (AUM) continues to strengthen its recurring fee base and support long-term revenue growth. Total AUM rose 17% year over year to $671.3 billion as of June 30, 2026, while fee-paying AUM increased 17% to $409.9 billion. This builds on a 26.9% AUM compound annual growth rate (CAGR) during 2019-2025 and reflects sustained demand for private credit, growing fundraising through the wealth management channel, and higher insurance-related allocations. With investor interest in private credit, real assets, and secondaries remaining strong, Ares Management’s $170 billion of available capital provides significant capacity for further investment and fundraising. Continued capital deployment and fundraising should support additional growth in AUM and fee-paying AUM.
AUM Growth Trend
Image Source: Ares Management
Organic Expansion: Ares Management’s growing fee-paying asset base continues to provide a strong foundation for organic revenue and earnings growth. Revenues increased at a 21.2% CAGR during 2019-2025, supported by sustained growth in management and performance fees. This momentum continued in the first half of 2026, with the company benefiting from continued expansion across its investment platforms as well as contributions from the GCP International acquisition. Management expects organic fee-related earnings (FRE) to grow 16-20% or more annually and realized income to increase more than 20% annually over the medium term. Continued fundraising, capital deployment and scaling of private credit and real assets strategies should support fee-paying AUM growth and provide further upside to recurring management fee revenues.
Strategic Acquisitions: Ares Management’s strategic acquisitions continue to strengthen its investment capabilities, diversify its product offerings and expand its addressable market. The February 2026 acquisition of BlueCove enhanced Ares Management's systematic fixed-income capabilities, while the GCP International acquisition expanded its real assets and digital infrastructure platform. Earlier acquisitions, including Landmark Partners, Black Creek Group and SSG Capital Holdings, added scale in secondaries, U.S. real estate and Asian private credit.
By adding complementary capabilities and broadening distribution channels, these transactions enhance Ares Management’s ability to capture growing investor demand across alternative asset classes while creating additional opportunities for AUM, fee-paying assets and long-term revenue growth.
Shareholder Returns: Ares Management’s strong earnings and cash generation support continued shareholder returns through dividends and potential share repurchases. The company declared a second-quarter 2026 dividend of $1.35 per share, more than 20% higher than the year-ago level, while management targets long-term annual dividend growth of more than 20%. Additionally, the board renewed its $750-million Class A share repurchase authorization through March 2027.
Although no shares were repurchased in the first half of 2026, the authorization provides flexibility to return excess capital to shareholders while maintaining capacity to fund growth initiatives. The Zacks Consensus Estimate for earnings is pegged at $5.94 per share for 2026 and $7.34 per share for 2027, indicating year-over-year growth of 24.8% and 23.5%, respectively, supporting the company’s ability to sustain and grow shareholder distributions.
Earnings Estimate
Image Source: Zacks Investment Research
Ares Management Near-Term HeadwindsAres Management’s rising operating expenses and elevated debt levels could weigh on near-term financial performance and financial flexibility. Total expenses increased at a 21.5% CAGR during 2019-2025, with the upward trend continuing in the first half of 2026, driven primarily by higher compensation and benefits, investments in fundraising and platform expansion, and acquisition and integration costs related to GCP International and BlueCove.
At the same time, corporate debt obligations increased to $4.58 billion as of June 30, 2026, from $3.94 billion at the end of 2025, while cash and cash equivalents were $557.1 million. The company also had $1.62 billion drawn on its revolving credit facility, with $885 million remaining available. Continued spending on platform expansion and integration, coupled with elevated debt obligations, could put pressure on near-term profitability and liquidity, particularly if economic conditions deteriorate.
Ares Management Valuation AnalysisIn terms of its valuation, Ares Management stock is currently trading at a trailing 12-month price-to-earnings (P/E) ratio of 27.11X, compared with the industry average of 17.64X. This indicates that ARES is currently trading at a premium to its industry.
Price-to-Earnings TTM
Image Source: Zacks Investment Research
Ares Management also trades at a premium compared with Ameriprise Financial and Federated Hermes. At present, Ameriprise Financial and Federated Hermes trade at a trailing 12-month P/E of 13.01X and 11.6X, respectively.
Final Thoughts in ARESDespite Ares Management’s robust AUM growth, expanding fee-paying asset base and continued strategic progress across its core investment platforms, the stock’s current risk-reward profile appears balanced.
The company continues to benefit from healthy fundraising, strong capital deployment, and solid earnings momentum, which should support long-term revenue growth and shareholder returns. However, elevated operating expenses and acquisition-related costs remain key concerns. In addition, rising corporate debt and greater utilization of its revolving credit facility could constrain financial flexibility.
Continued investments in platform expansion may also weigh on near-term profitability, particularly if AUM growth slows, fundraising conditions soften, or expense growth remains elevated. Moreover, the stock’s premium valuation leaves limited room for execution missteps and warrants a cautious stance at current levels.
Given these factors, prospective investors may prefer to wait for a more attractive entry point.
Ares Management currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Ares Management má k 30. červnu 2026 spravovaná aktiva 671,3 miliardy USD, tedy 89,5 % svého cíle 750 miliard USD pro rok 2028. Poplatková aktiva meziročně vzrostla o 17 % na 409,9 miliardy USD.
Key Takeaways Ares Management's AUM reached $671.3 billion, or 89.5% of its $750 billion 2028 target.Fee-paying AUM rose 17% year over year to $409.9 billion, strengthening its recurring fee base.BlueCove and GCP International acquisitions expanded Ares' capabilities and added new AUM growth avenues. Ares Management Corporation’s (ARES - Free Report) expanding asset base highlights the strength of its alternative investment platform. With assets under management (AUM) of $671.3 billion as of June 30, 2026, the company has reached approximately 89.5% of its $750-billion AUM target for 2028, unveiled at its 2024 Investor Day.
Strong historical AUM growth provides a solid foundation for reaching the target. The company’s diversified offerings across Credit, Real Assets, Secondaries and Private Equity provide multiple avenues for capital raising and deployment across market cycles. This broad platform has supported sustained asset growth, with AUM recording a six-year compound annual growth rate (CAGR) of 26.9% during 2019-2025. Growth has continued in the first half of 2026, with fee-paying AUM increasing 17% year over year to $409.9 billion as of June 30, 2026. The expanding fee-paying asset base strengthens recurring fee-generation potential and provides a foundation for future revenue growth.
Fundraising momentum remains a key driver of organic AUM growth. ARES expects another record fundraising year in 2026, supported by successor funds in direct lending and continued demand from institutional and wealth clients. Strong fundraising is expected to help the company raise new capital, expand its fee-paying asset base and support recurring management fee revenues.
Inorganic expansion provides another source of growth. The acquisition of BlueCove in February 2026 expanded ARES’ systematic fixed-income capabilities and added approximately $5.5 billion of AUM. Earlier, the March 2025 acquisition of GCP International strengthened its real assets and digital infrastructure capabilities. ARES continues to pursue partnerships, joint ventures and other strategic initiatives to expand its investment capabilities and distribution reach. These initiatives complement organic growth by adding new capabilities, broadening distribution and providing additional avenues for AUM expansion.
However, Ares Management’s growth trajectory remains subject to market and fundraising conditions. Volatility in private credit, shifts in investor sentiment and a cautious institutional environment could temporarily moderate fundraising, deployment activity and AUM growth. Yet, strong historical AUM growth, rising fee-paying assets, a robust fundraising pipeline and expanding institutional and wealth channels position ARES well to advance toward its 2028 AUM target. Organic growth initiatives and potential inorganic expansion further support its long-term AUM growth prospects.
How Is Ares Performing Against Its Peers on AUM Growth?Similar to Ares Management, its peers, Apollo Global Management (APO - Free Report) and KKR & Co. (KKR - Free Report) , are witnessing strong AUM growth, supported by fundraising, capital formation and strategic expansion.
Apollo Global Management’s AUM recorded a CAGR of 19.6% during 2022-2025, with the rising trend continuing in the first half of 2026. Its AUM reached $1.05 trillion as of June 30, 2026, up 25% year over year, driven by strong capital formation and Retirement Services inflows. Fee-earning AUM also increased 34% year over year, supported by fundraising across credit and equity strategies and continued growth in Athene. By 2029, Apollo Global Management expects total AUM to reach almost $1.5 trillion by scaling its private equity business.
KKR is also witnessing strong AUM growth. Its AUM recorded a five-year CAGR of 24.2% during 2020-2025, with the rising trend continuing in the first half of 2026. Strong fundraising has been a key growth driver, with KKR raising $305 billion since the start of 2024, surpassing its three-year $300 billion target ahead of schedule. Strategic acquisitions, including Arctos Partners and HealthCare Royalty Partners, have further expanded its investment platform and AUM. KKR aims to reach at least $1 trillion in AUM by 2030.
ARES’s Price Performance & Zacks RankThe company’s shares have gained 23.5% in the past six months compared with the industry’s 13.3% rise.
Image Source: Zacks Investment Research
Currently, ARES carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
, /PRNewswire/ -- Ares Dynamic Credit Allocation Fund, Inc. ("ARDC" or the "Fund") (NYSE: ARDC) announced today the declaration of its distribution for the month of August 2026 of $0.1125 per common share, payable as noted below.
The following dates apply to the declared distribution:
Ex-Date: August 21, 2026
Record Date: August 21, 2026
Payable Date: August 31, 2026
Per Share Amount: $0.1125
Based on the Fund's current share price of $12.48 (as of its close on August 10, 2026), the distribution represents an annualized distribution rate of approximately 10.82% (calculated by annualizing the distribution amount and dividing it by the current price). Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured. The distribution rate should not be considered the yield or total return on an investment in the Fund.
The timing and amount of future distributions, if any, are at the discretion of the Fund. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to the Fund's stockholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income, such as from short-term capital gain, long-term capital gain, or return of capital. Such notices will also be posted on the Fund's website at www.arespublicfunds.com.
The amounts and sources of distributions reported are only estimates and are not provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment performance during the remainder of its fiscal year and may be subject to change based on tax regulations. The final determination of the source of these distributions will be made after the Fund's fiscal year end. If necessary, the Fund may elect to pay an adjusting distribution in December that includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code. In January or February of each year, investors will be sent a Form 1099‑DIV for the previous calendar year that will define how to report these distributions for federal income tax purposes.
This press release is not intended to, and does not constitute, an offer to purchase or sell shares of ARDC.
About Ares Dynamic Credit Allocation Fund, Inc.
Ares Dynamic Credit Allocation Fund, Inc. ("ARDC") is a closed-end management company that is externally managed by Ares Capital Management II LLC, a subsidiary of Ares Management Corporation. ARDC seeks to provide an attractive level of total return primarily through current income and, secondarily, through capital appreciation. ARDC invests in a broad, dynamically-managed portfolio of credit investments. There can be no assurance that ARDC will achieve its investment objective. ARDC's net asset value may be accessed through its NASDAQ ticker symbol, XADCX. Additional information is available at www.arespublicfunds.com.
Forward-Looking Statements
Statements included herein may constitute "forward-looking statements" within the meaning of the U.S. securities laws, and may relate to future events or our future performance or financial condition. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and others beyond the Fund's control. Ares Dynamic Credit Allocation Fund undertakes no duty to update any forward-looking statements made herein.
This document is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted. An investor should consider the Fund's investment objective, risks, charges and expenses carefully before investing.
Ares Dynamic Credit Allocation Fund is a closed-end fund, which does not engage in a continuous offering of its shares. Since its initial public offering, the Fund has traded on the New York Stock Exchange under the symbol ARDC. Investors wishing to purchase or sell shares may do so by placing orders through a broker dealer or other intermediary.
Contact
Ares Dynamic Credit Allocation Fund, Inc.
John Stilmar
[email protected]
(888) 818-5298
or
Destra Capital Advisors LLC
[email protected]
(877) 855-3434
Ares Commercial Real Estate vykázala za 2. čtvrtletí čistý zisk podle GAAP 4,4 mil. USD, tedy 0,08 USD na akcii, a distribuovatelný zisk 6,9 mil. USD, tedy 0,12 USD na akcii. Zároveň schválila dividendu 0,15 USD na akcii za 3. čtvrtletí 2026.
Second quarter GAAP net income of $4.4 million or $0.08 per diluted common share and
Distributable Earnings1 of $6.9 million or $0.12 per diluted common share
- Subsequent to the three months ended June 30, 2026 -
Declared third quarter 2026 dividend of $0.15 per common share
, /PRNewswire/ -- Ares Commercial Real Estate Corporation (the "Company") (NYSE: ACRE), a specialty finance company primarily engaged in directly originating and investing in commercial real estate loans and related investments, reported generally accepted accounting principles ("GAAP") net income of $4.4 million or $0.08 per diluted common share and Distributable Earnings1 of $6.9 million or $0.12 per diluted common share for the second quarter of 2026.
"We continue to make advancements in repositioning our portfolio, addressing risk rated 4 and 5 loans, and reducing office loans and REO properties, while investing in new loans," said Bryan Donohoe, Chief Executive Officer of Ares Commercial Real Estate Corporation. "Supported by the Ares platform, in the second quarter, we closed $130 million of new loan commitments, bringing the total new loan commitments to over $900 million in the last twelve months."
"During the second quarter, we maintained our balance sheet flexibility with moderate leverage and available capital of over $100 million to support our business priorities," said Jeff Gonzales, Chief Financial Officer of Ares Commercial Real Estate Corporation. "We continue to execute the goals we have outlined, which we believe will allow us to rebuild earnings to levels that are expected to meet or exceed the current dividend level."
________________________________________
(1)
Distributable Earnings (Loss) is a non-GAAP financial measure. Refer to Schedule I for the definition and reconciliation of Distributable Earnings (Loss).
COMMON STOCK DIVIDEND
On May 7, 2026, the Board of Directors of the Company declared a regular cash dividend of $0.15 per common share for the second quarter of 2026. The second quarter 2026 dividend was paid on July 15, 2026 to common stockholders of record as of June 30, 2026.
On August 4, 2026, the Board of Directors of the Company declared a regular cash dividend of $0.15 per common share for the third quarter of 2026. The third quarter 2026 dividend will be payable on October 15, 2026 to common stockholders of record as of September 30, 2026.
ADDITIONAL INFORMATION
The Company issued a presentation of its second quarter 2026 results, which can be viewed at www.arescre.com on the Investor Resources section of our home page under Events and Presentations. The presentation is titled "Second Quarter 2026 Earnings Presentation." The Company also filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 with the U.S. Securities and Exchange Commission on August 4, 2026.
CONFERENCE CALL AND WEBCAST INFORMATION
On Tuesday, August 4, 2026, the Company invites all interested persons to attend its webcast/conference call at 12:00 p.m. (Eastern Time) to discuss its second quarter 2026 financial results.
All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of the Company's website at www.arescre.com. Please visit the website to test your connection before the webcast. Domestic callers can access the conference call by dialing +1 (800) 343-5172. International callers can access the conference call by dialing +1 (203) 518-9856. Please provide passcode ACREQ226. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected. For interested parties, an archived replay of the call will be available through September 4, 2026 at 5:00 p.m. (Eastern Time) to domestic callers by dialing +1 (800) 723-0532 and to international callers by dialing +1 (402) 220-2655. An archived replay will also be available through September 4, 2026 on a webcast link located on the Home page of the Investor Resources section of the Company's website.
ABOUT ARES COMMERCIAL REAL ESTATE CORPORATION
Ares Commercial Real Estate Corporation (the "Company") is a specialty finance company primarily engaged in directly originating and investing in commercial real estate loans and related investments. Through its national direct origination platform, the Company provides a broad offering of flexible and reliable financing solutions for commercial real estate owners and operators. The Company invests in whole and co-invested senior mortgage loans, as well as subordinate financings, mezzanine debt and preferred equity, with an emphasis on providing value added financing on a variety of properties located in liquid markets across the United States. Ares Commercial Real Estate Corporation elected and qualified to be taxed as a real estate investment trust and is externally managed by a subsidiary of Ares Management Corporation. For more information, please visit www.arescre.com. The contents of such website are not, and should not be deemed to be, incorporated by reference herein.
FORWARD-LOOKING STATEMENTS
Statements included herein or on the webcast / conference call may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These statements relate to future events or the Company's future performance or financial condition and include, but are not limited to, statements about potential earnings, the resolution of underperforming loans, increased investment activity, liquidity management, reduction or increase of CECL reserve, reduction or increase of available borrowings, the industry and the loan market. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including global economic trends and economic conditions, including slower growth, changes to fiscal and monetary policy, inflation, labor shortages, changing interest rates, foreign currency exchange volatility and uncertainties caused by tariffs and trade disputes, as well as geopolitical instability, changes in interest rates and credit spreads, management's estimate of current expected credit losses and current expected credit loss reserve, the amount of commercial mortgage loans requiring refinancing, the demand for commercial real estate loans, the Company's expected investment capacity and available capital, rates of default or decreased recovery rates on the Company's target investments, the Company's business and investment strategy, the Company's projected operating results, the ability of Ares Commercial Real Estate Management LLC ("ACREM" or the Company's "Manager") to locate suitable investments for the Company, monitor, service and administer the Company's investments and execute its investment strategy, and the risks described from time to time in the Company's filings with the Securities and Exchange Commission (the "SEC"), including, but not limited to, the risk factors described in Part I, Item 1A. Risk Factors in the Company's Annual Report on Form 10-K, filed with the SEC on February 10, 2026. Any forward-looking statement, including any contained herein, speaks only as of the time of this press release and Ares Commercial Real Estate Corporation undertakes no duty to update any forward-looking statements made herein or on the webcast/conference call. Projections and forward-looking statements are based on management's good faith and reasonable assumptions, including the assumptions described herein.
INVESTOR RELATIONS CONTACTS
Ares Commercial Real Estate Corporation
Carl Drake or John Stilmar
(888) 818-5298
[email protected]
ARES COMMERCIAL REAL ESTATE CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
As of
June 30, 2026
December 31, 2025
(unaudited)
ASSETS
Cash and cash equivalents
$ 17,558
$ 29,289
Restricted cash ($1,108 related to consolidated VIEs as of December 31, 2025)
41,017
37,868
Loans held for investment ($138,950 related to consolidated VIEs as of December
31, 2025)
1,748,835
1,528,806
Current expected credit loss reserve
(137,810)
(125,756)
Loans held for investment, net of current expected credit loss reserve
1,611,025
1,403,050
Real estate owned held for investment, net ($52,634 related to consolidated VIEs
as of December 31, 2025)
76,238
130,165
Real estate owned held for sale
53,934
—
Other assets ($76 of interest receivable related to consolidated VIEs as of
December 31, 2025)
Other liabilities ($257 of interest payable related to consolidated VIEs as of
December 31, 2025)
52,644
48,614
Total liabilities
1,328,050
1,108,574
Commitments and contingencies
STOCKHOLDERS' EQUITY
Common stock, par value $0.01 per share, 450,000,000 shares authorized at June
30, 2026 and December 31, 2025 and 55,481,113 and 55,026,453 shares issued
and outstanding at June 30, 2026 and December 31, 2025, respectively
532
532
Additional paid-in capital
822,606
820,827
Accumulated earnings (deficit)
(333,913)
(311,791)
Total stockholders' equity
489,225
509,568
Total liabilities and stockholders' equity
$ 1,817,275
$ 1,618,142
ARES COMMERCIAL REAL ESTATE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
(unaudited)
For the Three Months Ended
June 30,
For the Six Months Ended
June 30,
2026
2025
2026
2025
Revenue:
Interest income
$ 27,754
$ 23,117
$ 52,660
$ 50,597
Interest expense
(19,182)
(16,101)
(36,543)
(34,290)
Net interest margin
8,572
7,016
16,117
16,307
Revenue from real estate owned
5,784
5,549
11,699
11,206
Total revenue
14,356
12,565
27,816
27,513
Expenses:
Management and incentive fees to affiliate
2,394
2,430
4,794
4,997
Professional fees
699
673
1,519
1,550
General and administrative expenses
1,723
1,995
3,140
3,715
General and administrative expenses reimbursed to affiliate
853
1,024
1,639
2,027
Expenses from real estate owned
3,301
4,628
6,435
9,123
Total expenses
8,970
10,750
17,527
21,412
(Provision for) reversal of current expected credit losses, net
(865)
20,150
(12,003)
25,490
Realized losses on loans
—
(33,000)
(3,340)
(33,000)
Income (loss) before income taxes
4,521
(11,035)
(5,054)
(1,409)
Income tax expense (benefit), including excise tax
138
—
169
281
Net income (loss) attributable to common stockholders
$ 4,383
$ (11,035)
$ (5,223)
$ (1,690)
Earnings (loss) per common share:
Basic earnings (loss) per common share
$ 0.08
$ (0.20)
$ (0.09)
$ (0.03)
Diluted earnings (loss) per common share
$ 0.08
$ (0.20)
$ (0.09)
$ (0.03)
Weighted average number of common shares outstanding:
Basic weighted average shares of common stock outstanding
55,367,375
54,856,949
55,344,923
54,842,959
Diluted weighted average shares of common stock outstanding
56,354,988
54,856,949
55,344,923
54,842,959
Dividends declared per share of common stock1
$ 0.15
$ 0.15
$ 0.30
$ 0.30
____________________________
(1)
There is no assurance dividends will continue at these levels or at all.
SCHEDULE I
Reconciliation of Net Income (Loss) to Non-GAAP Distributable Earnings (Loss)
Distributable Earnings (Loss) is a non-GAAP financial measure that helps the Company evaluate its financial performance excluding the effects of certain transactions and GAAP adjustments that it believes are not necessarily indicative of its current loan origination portfolio and operations. To maintain the Company's REIT status, the Company is generally required to annually distribute to its stockholders substantially all of its taxable income. The Company believes the disclosure of Distributable Earnings (Loss) provides useful information to investors regarding the Company's ability to pay dividends, which is one of the principal reasons the Company believes investors invest in the Company. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. Distributable Earnings (Loss) is defined as net income (loss) attributable to common stockholders computed in accordance with GAAP, excluding non-cash equity compensation expense, the incentive fees the Company pays to its Manager, depreciation and amortization (to the extent that any of the Company's target investments are structured as debt and the Company forecloses on any properties underlying such debt), any unrealized gains, losses or other non-cash items recorded in net income (loss) for the period, regardless of whether such items are included in other comprehensive income or loss, or in net income (loss), one-time events pursuant to changes in GAAP and certain non-cash charges after discussions between the Company's Manager and the Company's independent directors and after approval by a majority of the Company's independent directors. Loan balances that are deemed to be uncollectible are written-off as a realized loss and are included in Distributable Earnings (Loss). Distributable Earnings (Loss) is aligned with the calculation of "Core Earnings," which is defined in the Management Agreement and is used to calculate the incentive fees the Company pays to its Manager.
Reconciliation of net income (loss) attributable to common stockholders, the most directly comparable GAAP financial measure, to Distributable Earnings (Loss) is set forth in the table below for the three and twelve months ended June 30, 2026 ($ in thousands):
For the Three Months Ended
June 30, 2026
For the Twelve Months Ended
June 30, 2026
Net income (loss) attributable to common stockholders
$ 4,383
$ (4,434)
Stock-based compensation
882
3,696
Incentive fees to affiliate
—
—
Depreciation and amortization of real estate owned
749
5,104
Provision for (reversal of) current expected credit losses, net
865
19,648
Distributable Earnings (Loss)
$ 6,879
$ 24,014
Net income (loss) attributable to common stockholders
$ 0.08
$ (0.08)
Stock-based compensation
0.02
0.07
Incentive fees to affiliate
—
—
Depreciation and amortization of real estate owned
0.01
0.09
Provision for (reversal of) current expected credit losses, net
0.02
0.36
Basic Distributable Earnings (Loss) per common share
$ 0.12
$ 0.44
Net income (loss) attributable to common stockholders
$ 0.08
$ (0.08)
Stock-based compensation
0.02
0.07
Incentive fees to affiliate
—
—
Depreciation and amortization of real estate owned
0.01
0.09
Provision for (reversal of) current expected credit losses, net
0.02
0.35
Diluted Distributable Earnings (Loss) per common share
Ares Management (ARES - Free Report) reported $1.26 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 20.4%. EPS of $1.29 for the same period compares to $1.03 a year ago.
The reported revenue represents a surprise of -4.16% over the Zacks Consensus Estimate of $1.32 billion. With the consensus EPS estimate being $1.29, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Ares Management performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
FPAUM Rollforward - Ending Balance - Total: $409.92 billion versus the four-analyst average estimate of $417.14 billion.AUM Rollforward - Ending Balance - Total: $671.32 billion versus $669.87 billion estimated by four analysts on average.FPAUM Rollforward - Ending Balance - Real Assets Group: $88.61 billion versus the three-analyst average estimate of $90.7 billion.FPAUM Rollforward - Ending Balance - Secondaries Group: $31.47 billion versus $31.48 billion estimated by three analysts on average.Financial Details Segments- Other fees: $91.96 million versus $71.81 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +20.8% change.Financial Details Segments- Fee related performance revenues: $40.53 million compared to the $22.9 million average estimate based on four analysts. The reported number represents a change of +142.7% year over year.Financial Details Segments- Management fees: $1.03 billion versus $1.06 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +14.4% change.Financial Details Segments- Performance income-realized: $140.33 million versus the four-analyst average estimate of $171.57 million. The reported number represents a year-over-year change of +152.6%.Realized Income- Secondaries Group: $59.97 million compared to the $52.51 million average estimate based on two analysts. The reported number represents a change of +23.1% year over year.Realized Income- Real Assets Group: $144.4 million compared to the $121.54 million average estimate based on two analysts. The reported number represents a change of +47.9% year over year.Realized Income- Private Equity Group: $12.15 million versus $18.6 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5.5% change.Realized Income- Credit Group: $543.81 million compared to the $558.7 million average estimate based on two analysts. The reported number represents a change of +24.9% year over year.View all Key Company Metrics for Ares Management here>>>
Shares of Ares Management have returned +6.2% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Ares Management uzavřela ve 2. čtvrtletí 2026 nové úvěrové závazky v USA za zhruba 8,2 miliardy USD ve 69 transakcích. Za 12 měsíců do 30. června 2026 to bylo asi 52,3 miliardy USD ve 347 transakcích.
Approximately $8.2 Billion in New Commitments Closed in the Second Quarter and approximately $52.3 Billion Closed in the 12 Months Ended June 30, 2026
, /PRNewswire/ -- Ares Management Corporation (NYSE: ARES) announced today that Ares Credit funds (collectively "Ares") closed U.S. direct lending commitments of approximately $8.2 billion across 69 transactions during the second quarter of 2026 and approximately $52.3 billion across 347 transactions in the 12 months ended June 30, 2026. Below is a description of selected transactions that Ares closed during the second quarter of 2026.
AeriTek / Mill Point Capital
Ares served as administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Mill Point Capital-backed AeriTek's acquisition of National Refrigeration & A/C Products ("NRAC"). AeriTek is a leading international manufacturer of commercial refrigeration and foodservice equipment.
Atwell / Advent International
Ares served as administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Advent International's acquisition of Atwell. Atwell is a scaled, full-service engineering, consulting and construction management firm operating within the power & energy, residential and commercial development, and digital infrastructure segments.
Firebird Music / Raine Group
Ares supported Raine Group-backed Firebird Music in its continued growth plan. Firebird Music is a next-generation music company that integrates artist management, recorded music, expanded rights & brands, and music IP acquisition into a holistic, artist-centered ecosystem.
Frontline Road Safety Holdings / Bain Capital
Ares served as a lead arranger and bookrunner for a senior secured credit facility to support Bain Capital's continued growth plans for Frontline Road Safety Holdings. Frontline Road Safety Holdings is a leading national provider of pavement marking services to roadways and airports across the U.S.
Jiffy Lube / Monomoy Capital Partners
Ares served as a joint lead arranger for a senior secured credit facility to support Monomoy Capital Partners' acquisition of Jiffy Lube International, Inc. Jiffy Lube is the leading quick lube and automotive service franchisor in North America, serving approximately 19 million customers annually through more than 2,000 service centers across the country.
Mai Capital Management / Carlyle
Ares served as a lead arranger and bookrunner for a senior secured credit facility to support MAI Capital Management's continued M&A strategy following its acquisition by Carlyle. MAI Capital Management is a provider of financial planning, investment advisory, investment management, family office administration, and advisory services.
Precinmac / Centerbridge Partners
Ares served as administrative agent, joint lead arranger, and joint bookrunner for an incremental commitment to Precinmac's senior secured credit facility to support the company's continued growth. Precinmac is a leading manufacturer of high-complexity precision components, serving aerospace, defense, space, semiconductor, and power generation customers.
Relation Insurance / BayPine LP
Ares served as a joint lead arranger and joint bookrunner for a senior secured credit facility to support BayPine's acquisition of Relation Insurance. Relation Insurance is a leading insurance brokerage platform providing commercial lines, personal lines, and employee benefits solutions to clients across a diverse range of industries, including construction, transportation, agriculture, entertainment, healthcare, manufacturing, hospitality, and real estate.
Sunvair Aerospace Group / Greenbriar Equity Group
Ares served as administrative agent, lead arranger and bookrunner for a senior secured credit facility to support Greenbriar Equity Group's continued growth plans for Sunvair Aerospace Group. Sunvair Aerospace Group is a global provider of aircraft component maintenance, repair, and overhaul (MRO) services, offering a broad range of engineered solutions across accessory component repair and landing gear overhaul.
Valcourt Group / Littlejohn & Co. ("Littlejohn")
Ares served as administrative agent, lead arranger, and bookrunner for a senior secured credit facility to support Littlejohn's continued growth plans for Valcourt Group ("Valcourt"). Valcourt is a leading provider of building envelope maintenance and restoration services for mid- and high-rise properties.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2026, Ares Management Corporation's global platform had over $671 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.
Key Takeaways ARES' Q2'26 EPS is estimated to be $1.29, suggesting a 25.2% year-over-year increase.Revenues are projected to rise 25.6% y/y, supported by higher AUM and management fees.Ares' AUM is expected to reach $669.9 billion, aided by inflows and favorable market performance. Ares Management (ARES - Free Report) is scheduled to announce second-quarter 2026 results on July 31, before the opening bell. Its quarterly revenues and earnings are likely to have increased on a year-over-year basis.
In the last reported quarter, results were primarily affected by higher expenses. Nevertheless, the higher assets under management (AUM) provided some support to the results.
ARES earnings surpassed the Zacks Consensus Estimate in one of the trailing four quarters and missed thrice, delivering an average miss of 6%.
Ares Management Corporation Price and EPS SurpriseARES’s Q2 Earnings & Sales EstimatesThe Zacks Consensus Estimate for Ares Management’s quarterly earnings has been revised nearly 1% lower over the past seven days to $1.29 per share. The estimate indicates a 25.2% increase from the reported figure in the prior-year quarter.
The consensus estimate for quarterly sales is pegged at $1.32 billion, suggesting a 25.6% year-over-year increase.
Key Factors & Estimates for Ares Management in Q2ARES has been witnessing consistent improvement over the years, supported by its diversified alternative investment platform. Despite a persistent backlog of private equity exits, deal activity improved in the second quarter of 2026. Further, continued fundraising momentum, along with strong investor demand across private credit and other alternative strategies, is likely to have supported AUM growth in the to-be-reported quarter. Overall expansion is expected to have remained steady, driven by the company’s scalable platform, rising perpetual capital base and expanding global distribution network. Backed by decent inflows and favorable market performance, Ares Management is expected to have witnessed a rise in its AUM balance.
The Zacks Consensus Estimate for total AUM of $669.9 billion indicates growth of 3.9% from the prior quarter’s actual. The consensus estimate for total fee-earning AUM of $417.1 billion suggests a sequential rise of 4.4%.
The Zacks Consensus Estimate for total management fees (segment revenues) is pegged at $1.1 billion, which indicates 5.9% growth from the prior quarter’s actual. The consensus estimate for fee-related performance revenues (segment revenues) of $22.9 million suggests a 17.1% sequential rise. The Zacks Consensus Estimate for Other fees (segment revenues) is pegged at $71.8 million, which indicates a decrease from the $73.9 million reported in the prior quarter.
ARES’ expenses have been increasing over the past few years, primarily driven by higher compensation and benefits, along with continued investments in fundraising and platform expansion. The expenses are also expected to have remained elevated in the second quarter due to the acquisition and integration-related costs associated with the recently acquired GCP International and BlueCove. Going forward, continued investments in scaling the global platform, integrating acquired businesses and pursuing growth initiatives may pressure near-term profitability.
What Our Model Predicts for Ares ManagementOur proven model does not conclusively predict an earnings beat for ARES this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here.
You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Earnings ESP: The company has an Earnings ESP of +1.48%.
Zacks Rank: The company currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Performance of Other Asset ManagersAmeriprise Financial’s (AMP - Free Report) second-quarter 2026 adjusted operating earnings were $11.07 per share, which handily surpassed the Zacks Consensus Estimate of $10.72. The bottom line reflected a rise of 22% from the year-ago quarter.
AMP’s results benefited from higher revenues and an improvement in assets under management and assets under administration balances to record levels. However, an increase in expenses was a headwind.
SEI Investments Co.’s (SEIC - Free Report) second-quarter 2026 adjusted earnings per share of $1.66 surpassed the Zacks Consensus Estimate of $1.45. The bottom line reflected a rise of 38.3% from the prior-year quarter.
Results were aided by higher revenues and a rise in AUM. However, higher expenses acted as a spoilsport for SEIC.
Ares Management má příští týden oznámit zisk 1,29 USD na akcii a tržby 1,32 miliardy USD, což by znamenalo meziroční růst o 25,2 % a 25,6 %. Analytici ale varují, že firma nevypadá jako přesvědčivý kandidát na překonání odhadů.
The market expects Ares Management (ARES - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 31. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis private equity firm is expected to post quarterly earnings of $1.29 per share in its upcoming report, which represents a year-over-year change of +25.2%.
Revenues are expected to be $1.32 billion, up 25.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.38% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ares Management?For Ares Management, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.48%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Ares Management will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ares Management would post earnings of $1.32 per share when it actually produced earnings of $1.24, delivering a surprise of -6.06%.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ares Management doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Financial - Investment Management industry, KKR & Co. Inc. (KKR - Free Report) , is soon expected to post earnings of $1.42 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +20.3%. This quarter's revenue is expected to be $1.52 billion, up 18.5% from the year-ago quarter.
The consensus EPS estimate for KKR & Co. has been revised 0.2% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.18%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that KKR & Co. will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Ares Management znovu omezila výběry z vlajkového private credit fondu ASIF poté, co ve 2. čtvrtletí investoři požádali o odkup 14,4 % podílů. Fond povolil jen 5 % podílů.
Director, Co-Founder and CEO, at Ares Management Michael Arougheti attends the Milken Conference 2025 in Beverly Hills, California, U.S., May 6, 2025. REUTERS/Mike Blake Purchase Licensing Rights, opens new tab
SummaryCompaniesMost withdrawal requests came from less than 1% of shareholder base, largely outside U.S.ASIF Q2 redemption requests jump to 14.4% from 11.6% in prior quarterRequests from U.S. private wealth investors accounted for just 2.4% of sharesJune 25 (Reuters) - Ares Management (ARES.N), opens new tab again capped withdrawals at its flagship private credit fund after redemption requests rose in the second quarter, according to a filing released Thursday.
Investors sought to pull 14.4% of shares from the $22.6 billion Ares Strategic Income Fund (ASIF) in the second quarter, up from 11.6% in the previous quarter. The fund limited withdrawals to 5% of shares, the customary threshold for such vehicles.
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Wealthy individuals have pulled money from non-traded private credit funds in recent months over concerns about lending standards and how software companies that borrowed heavily from direct lenders will navigate AI disruption.
Investors pulled a combined $12.9 billion from private credit funds for wealthy individuals in the first five months of 2026, according to investment bank Robert A. Stanger.
Most requests were concentrated among a small number of non-U.S. institutions and family offices, representing less than 1% of ASIF's more than 20,000 shareholders, the fund said. They accounted for nearly half of second-quarter requests.
Peer Apollo (APO.N), opens new tab has also recently flagged that withdrawal requests at its $26 billion private credit fund moderated from U.S. and increased from offshore.
Nearly two-thirds of repurchase requests at ASIF were submitted by investors who had tendered in the prior quarter.
"Optically, not a great update; however, the devil is in the details, and we are quite encouraged by the finer disclosure," TD Cowen analyst Bill Katz said, noting that the pattern of repurchase requests does not suggest widespread angst, while repeat requesters indicate redemption pressures are not building.
US PRIVATE WEALTH CHANNELWithdrawal requests from U.S. private wealth investors, ASIF's largest shareholder segment, represented only 2.4% of shares and declined 35% from the prior quarter.
The segment also accounted for nearly half of second-quarter inflows, ASIF said.
CEO Michael Arougheti said earlier this month that U.S. high-net-worth individuals were growing their alternatives exposure and not redeeming at the rate markets expected.
ASIF, launched in 2022, said its Class I shares had generated an annualized total return of 10.27% since inception, representing a 187-basis-point premium to broadly syndicated bank loans.
Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Tasim Zahid
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