Ares Commercial Real Estate Corporation Reports Second Quarter 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
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Source: Business Wire
Second quarter GAAP net income of $9.8 million or $0.34 per diluted common share and Core Earnings(1) of $11.0 million or $0.38 per diluted common share- Subsequent to end of second quarter -Declared third quarter 2019 dividend of $0.33 per 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 $9.8 million or $0.34 per diluted common share and Core Earnings(1) of $11.0 million or $0.38 per diluted common share for the second quarter of 2019. In addition, the Company announced that its Board of Directors declared a third quarter 2019 dividend of $0.33 per common share payable on October 15, 2019 to common stockholders of record as of September 30, 2019.“We generated another strong quarter of results as we continue to successfully execute on our annual business
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News
- 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
- I'm Deeply Worried About Ares Commercial Real Estate's 14% Yield (Rating Downgrade) [Seeking Alpha]Seeking Alpha
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