Ares Management Corp. (NYSE: ARES) disclosed on July 10, 2026, that it preliminarily expects realized net performance income for the quarter ended June 30, 2026, to exceed $50 million. That would represent a substantial increase from the $16 million of realized net performance income reported for the quarter ended June 30, 2025. The update was furnished under Form 8-K Items 2.02, “Results of Operations and Financial Condition,” and 7.01, “Regulation FD Disclosure.” Ares described realized net performance income as a component of “realized income,” a non-GAAP financial measure used by management to evaluate business performance and the contribution of its business segments. The company emphasized that the figure is preliminary and based on information currently available before completion of its financial close for the second quarter. Ares said it could not provide a reconciliation of the non-GAAP estimate to the most comparable GAAP measure without unreasonable effort because closing procedures had not yet been completed. Ares cautioned that actual results for the quarter ended June 30, 2026, may differ, potentially materially, from the preliminary estimate. The company also noted that the estimate is not intended to predict or represent realized net investment income, total realized income, or any other financial measure for the quarter, and should not be viewed as indicative of results for any other period, including the full year ending December 31, 2026. The disclosure was signed by Jarrod Phillips, Ares Management’s Chief Financial Officer and principal financial and accounting officer. Ares stated that the information was furnished rather than filed under the Securities Exchange Act, and included standard forward-looking statement cautions regarding risks, uncertainties and the company’s lack of obligation to update the estimate except as required by law.