Ares Commercial Real Estate Corporation Reports First Quarter 2024 Results [Yahoo! Finance]
Ares Commercial Real Estate Corporation (ACRE)
Last ares commercial real estate corporation earnings: 2/20 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
arescre.com
Company Research
Source: Yahoo! Finance
- Subsequent to three months ended March 31, 2024 - Declared second quarter 2024 dividend of $0.25 per common share NEW YORK, May 09, 2024 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) 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 four loans, leading to a 31% decline in the outstanding principal balance of loans on non-accrual status. Looking forward, we believe the real estate capabilities of the
Show less
Read more
Impact Snapshot
Event Time:
ACRE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ACRE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ACRE alerts
High impacting Ares Commercial Real Estate Corporation news events
Weekly update
A roundup of the hottest topics
ACRE
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 ResultsBusiness Wire
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