Ares preliminarily pegs Q3 realized net performance income near $10 million

Ares Management offered a narrow preview of one non-GAAP earnings ingredient ahead of quarter-end. In a Regulation FD Form 8-K accepted Tuesday evening, the alternative-asset manager said that, based on information then available, it preliminarily expects realized net performance income for the quarter ending Sept. 30, 2026, to be approximately $10 million, compared with $9 million for the quarter ended Sept. 30, 2025. Shares last closed Tuesday at $118.97, up about 0.5% on the day and down roughly 29% year to date.

Ares described realized net performance income as a component of realized income, a non-GAAP measure management uses to evaluate operating performance and segment contribution. It pointed investors to definitions and reconciliations in its earnings presentation on its investor-relations site. The company said it cannot reconcile the non-GAAP measures for the current quarter to the most comparable GAAP figures without unreasonable effort because financial closing procedures were not complete as of the filing.

The 8-K stressed that the figure is a preliminary estimate that could differ materially from final results, is not intended to predict realized net investment income, realized income, or other Q3 financial information, and is not indicative of other periods or full-year 2026. Ares said investors should view the update in the context of full third-quarter results when those are disclosed in its Quarterly Report for the quarter ending Sept. 30, 2026.

By the numbers

• Preliminary Q3’26 realized net performance income: ~$10 million
• Q3’25 realized net performance income: $9 million
• Measure: component of non-GAAP realized income (closing procedures not complete)
• ARES Tuesday close: $118.97 (+0.5% day; −28.5% YTD)

Sources

1. Ares Management Corporation Form 8-K (Item 7.01), accepted Sept. 29, 2026 7:21:09 p.m. ET, accession 0001628280-26-063870

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