Ares Management said realized net performance income for the quarter ending March 31, 2026 is preliminarily expected to be approximately $75 million, compared to $41 million for the quarter ended March 31, 2025.

1. 01

   Ares Management said realized net performance income for the quarter ending March 31, 2026 is preliminarily expected to be approximately $75 million, compared to $41 million for the quarter ended March 31, 2025.

2. 02

   The company said this preliminary amount is below its previously communicated expectation of approximately $100 million. It cited the expected timing of realized net performance income generated by certain European-style funds as the primary factor, which is now expected to be realized in future quarters during the full year ending 2026.

3. 03

   Ares Management said it continues to expect realized net performance income for the full year ending December 31, 2026 to be over $350 million. It provided $169 million as realized net performance income for the full year ended December 31, 2025 for comparison.

4. 04

   The company said these figures are preliminary estimates and actual results for Q1 2026 may differ, possibly materially. It added that this information is not intended to predict or represent realized net investment income, Realized Income or other financial information, and is not indicative of results for other periods.

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