Ares Commercial Real Estate Corporation Reports First Quarter 2024 Results
Ares Commercial Real Estate Corporation (ACRE)
Last ares commercial real estate corporation earnings: 2/20 06:00 am
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arescre.com
Company Research
Source: Business Wire
First quarter GAAP net income (loss) of $(12.3) million or $(0.23) per diluted common share and Distributable Earnings (Loss)(1) of $(33.5) million or $(0.62) per diluted common share- Subsequent to three months ended March 31, 2024 -Declared second quarter 2024 dividend of $0.25 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 (loss) of $(12.3) million or $(0.23) per diluted common share and Distributable Earnings (Loss)(1) of $(33.5) million or $(0.62) per diluted common share for the first quarter of 2024.“Our first quarter results reflect further progress that we have made to resolve underperforming loans,” said Bryan Donohoe, Chief Executive Officer of Ares Commercial Real Estate Corporation. “During the first quarter, we exited or restructured fou
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News
- Ares Commercial Real Estate: 14% Yield Might Be Sustainable [Seeking Alpha]Seeking Alpha
- Ares Commercial Real Estate Corporation (NYSE:ACRE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Ares Commercial Real Estate Co. (NYSE: ACRE) had its price target lowered by analysts at Keefe, Bruyette & Woods from $7.50 to $7.00. They now have a "market perform" rating on the stock.MarketBeat
- Compared to Estimates, Ares Commercial Real Estate (ACRE) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Ares Commercial Real Estate Corporation Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
ACRE
Earnings
- 5/9/24 - Beat
ACRE
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 5/6/24 - Form 4
- ACRE's page on the SEC website