Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full-year 2019 Results
Ares Commercial Real Estate Corporation (ACRE)
Last ares commercial real estate corporation earnings: 2/20 06:00 am
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US:NYSE Investor Relations:
arescre.com
Company Research
Source: Business Wire
Fourth quarter GAAP net income of $9.7 million or $0.33 per diluted common share and Core Earnings(1) of $10.7 million or $0.37 per diluted common shareFull-year 2019 GAAP net income of $37.0 million or $1.28 per diluted common share and Core Earnings(1) of $40.6 million or $1.41 per diluted common share- Subsequent to year ended December 31, 2019 -Raised approximately $73 million of equityClosed $238 million of new loans year to dateDeclared first quarter 2020 dividend of $0.33 per diluted common share NEW YORK--(BUSINESS WIRE)--Ares Commercial Real Estate Corporation (the “Company”) (NYSE:ACRE), a specialty finance company engaged in originating and investing in commercial real estate assets, reported generally accepted accounting principles (“GAAP”) net income of $9.7 million or $0.33 per diluted common share and Core Earnings(1) of $10.7 million or $0.37 per diluted common share for the fourth quarter of 2019. The Company reported GAAP net income of $37.0 million or $1.28 per d
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ACRE
News
- Ares Commercial Real Estate Corporation Schedules Earnings Release and Conference Call for the First Quarter Ended March 31, 2024Accesswire
- Greystone Housing: 9.6% Tax Advantaged Yield, Where We Would Buy [Seeking Alpha]Seeking Alpha
- Ares Commercial: Another Distribution Cut Highly Probable In 1 Year [Seeking Alpha]Seeking Alpha
- Ares Commercial Real Estate Co. (NYSE: ACRE) had its price target lowered by analysts at Keefe, Bruyette & Woods from $8.00 to $7.50. They now have a "market perform" rating on the stock.MarketBeat
- Ares Commercial Real Estate Co. (NYSE: ACRE) had its price target lowered by analysts at JPMorgan Chase & Co. from $8.00 to $7.00. They now have a "neutral" rating on the stock.MarketBeat
ACRE
Earnings
- 2/22/24 - Beat
ACRE
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- ACRE's page on the SEC website