| 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, | | 2026 | | 2025 | | 2026 | | 2025 | | | | 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 | $ | 125,323 | | | $ | 111,750 | | | $ | 242,599 | | | $ | 133,607 | | | | | Dividends declared and paid on Class A and non-voting common stock | (306,504) | | | (245,650) | | | (610,843) | | | (490,238) | | | | | Distributions on unvested restricted units | (13,066) | | | (10,384) | | | (26,289) | | | (21,188) | | | | | | | | | | | | | | | Dividends in excess of earnings available to Class A and non-voting common stockholders | $ | (194,247) | | | $ | (144,284) | | | $ | (394,533) | | | $ | (377,819) | | | | | Basic weighted-average shares of Class A and non-voting common stock | 226,304,870 | | | 218,915,599 | | | 225,175,788 | | | 214,158,085 | | | | | Dividends in excess of earnings per share of Class A and non-voting common stock | $ | (0.86) | | | $ | (0.66) | | | $ | (1.75) | | | $ | (1.76) | | | | | Dividend declared and paid per Class A and non-voting common stock | 1.35 | | | 1.12 | | | 2.70 | | | 2.24 | | | | | Basic earnings per share of Class A and non-voting common stock | $ | 0.49 | | | $ | 0.46 | | | $ | 0.95 | | | $ | 0.48 | | | | | | | | | | | | | | | 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 | $ | 125,323 | | | $ | 111,750 | | | $ | 242,599 | | | $ | 133,607 | | | | | Distributions on unvested restricted units | (13,066) | | | (10,384) | | | (26,289) | | | (21,188) | | | | | | | | | | | | | | | Net income available to Class A and non-voting common stockholders | $ | 112,257 | | | $ | 101,366 | | | $ | 216,310 | | | $ | 112,419 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Diluted weighted-average shares of Class A and non-voting common stock | 226,304,870 | | | 218,915,599 | | | 225,175,788 | | | 214,158,085 | | | | | Diluted earnings per share of Class A and non-voting common stock | $ | 0.49 | | | $ | 0.46 | | | $ | 0.95 | | | $ | 0.48 | | | |
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