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Ares Management Corporation ARES Real Assets Group — Operating Expenses

Other segment segments

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$879.57M
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$195.79M
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$80.68M
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$3.35M

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Other financials

Income statement

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Revenue$1.4B+28.3%
Net income$142.6M+202%

Balance sheet

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Cash & equivalents$568.8M-8.0%
Total debt$730.1M+6.4%
Total equity$4.0B-9.6%
Total assets$28.4B+4.5%

Cash flow

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Operating cash flow$406.5M-79.6%

Valuation

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Market cap$24.61B-33.7%
Enterprise value$24.77B-33.5%
P/E39.5×-37.8×
P/S4.2×-3.5×

Profitability

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Net margin10.5%+0.3pp
FCF margin-161.4%

Returns & leverage

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Return on equity14.7%+0.6pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Ares Management Corporation in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The official record: Ares Management Corporation’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ares Management Corporation's real assets group — operating expenses?
Ares Management Corporation (ARES) reported real assets group — operating expenses of $201.64M in Q4 2025.
How has Ares Management Corporation's real assets group — operating expenses changed year-over-year?
Ares Management Corporation's real assets group — operating expenses increased by 42.8% year-over-year, from $141.17M to $201.64M.
What is the long-term trend for Ares Management Corporation's real assets group — operating expenses?
Over 4 years (2021 to 2025), Ares Management Corporation's real assets group — operating expenses has grown at a 47.6% compound annual growth rate (CAGR), from $170.01M to $806.55M.
What does real assets group — operating expenses mean?
The total costs incurred by the Real Assets business segment to support its daily operations, including compensation, administrative overhead, and other segment-specific operating costs. This metric reflects the efficiency and cost structure of managing real estate, infrastructure, and other tangible asset investment strategies.