EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Computation of Basic and Diluted Earnings Per Common Share

The following table presents the computation of basic and diluted earnings per common share:


	Three months ended June 30,				Six months ended June 30,
	2025		2024		2025		2024
Basic earnings per share of Class A and non-voting common stock:
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders	$	111,750	$	94,938	$	133,607	$	167,965
Dividends declared and paid on Class A and non-voting common stock	(245,650)		(185,241)		(490,238)		(366,170)
Distributions on unvested restricted units	(10,384)		(7,594)		(21,188)		(14,864)

Dividends in excess of earnings available to Class A and non-voting common stockholders	$	(144,284)	$	(97,897)	$	(377,819)	$	(213,069)
Basic weighted-average shares of Class A and non-voting common stock	218,915,599		196,186,922		214,158,085		194,404,932
Dividends in excess of earnings per share of Class A and non-voting common stock	$	(0.66)	$	(0.50)	$	(1.76)	$	(1.10)
Dividend declared and paid per Class A and non-voting common stock	1.12		0.93		2.24		1.86
Basic earnings per share of Class A and non-voting common stock	$	0.46	$	0.43	$	0.48	$	0.76

Diluted earnings per share of Class A and non-voting common stock:
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders	$	111,750	$	94,938	$	133,607	$	167,965
Distributions on unvested restricted units	(10,384)		(7,594)		(21,188)		(14,864)

Net income available to Class A and non-voting common stockholders	$	101,366	$	87,344	$	112,419	$	153,101




Diluted weighted-average shares of Class A and non-voting common stock	218,915,599		196,186,922		214,158,085		194,404,932
Diluted earnings per share of Class A and non-voting common stock	$	0.46	$	0.43	$	0.48	$	0.76