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Ares Commercial Real Estate Corporation - ACRE STOCK NEWS

Welcome to our dedicated page for Ares Commercial Real Estate Corporation news (Ticker: ACRE), a resource for investors and traders seeking the latest updates and insights on Ares Commercial Real Estate Corporation stock.

Ares Commercial Real Estate Corporation (NYSE: ACRE) is a specialty finance company that focuses on originating and investing in commercial real estate loans and related investments. Through its national direct origination platform, ACRE offers a wide range of flexible and reliable financing solutions for commercial real estate owners and operators. The company's primary products include senior mortgage loans, subordinate financings, mezzanine debt, and preferred equity, targeting a diversity of property types in liquid markets across the United States.

As a Real Estate Investment Trust (REIT), ACRE is externally managed by a subsidiary of Ares Management Corporation, a global alternative asset manager. The company has demonstrated resilience and adaptability in a challenging economic landscape, maintaining a strong balance sheet and significant liquidity, which allows it to navigate industry challenges and capitalize on market opportunities.

ACRE's recent achievements include the resolution of several underperforming loans, substantial reductions in debt levels, and maintaining a disciplined approach to new loan originations. For the first quarter of 2024, ACRE reported a GAAP net 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. Despite these challenges, the company remains focused on maximizing credit outcomes and selectively originating new loans to benefit from attractive spreads.

The company declared a regular cash dividend of $0.25 per common share for the second quarter of 2024, reflecting its ongoing commitment to providing dividends to shareholders. ACRE continues to leverage the broad resources of the Ares platform and its deep credit capabilities to enhance shareholder value.

Additional information can be accessed via ACRE's investor resources section on their website (www.arescre.com), which hosts presentations, financial reports, and details on upcoming webcasts and conference calls.

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Ares Commercial Real Estate reported first quarter 2024 results with GAAP net loss of $(12.3) million and Distributable Earnings of $(33.5) million. The company declared a dividend of $0.25 per common share for the second quarter. Progress was made in resolving underperforming loans, leading to a decline in non-accrual loans. Balance sheet de-leveraging occurred, reducing debt by 8%.

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Ares Commercial Real Estate (NYSE:ACRE) announced its upcoming earnings release for the first quarter ended March 31, 2024. The company will report its financial results on May 9, 2024, and hold a webcast/conference call to discuss the outcomes. Interested parties can participate via telephone or live webcast. Domestic and international callers can access the call by following the provided dial-in details. An archived replay will be available for a time on the company's website.
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Ares Commercial Real Estate Corporation (ACRE) reported fourth-quarter GAAP net loss of $(39.4) million and Distributable Earnings of $10.8 million, with full-year GAAP net loss of $(38.9) million and Distributable Earnings of $58.4 million. The CEO highlighted the impact of the commercial office property sector on earnings but expressed confidence in resolving underperforming loans. The CFO mentioned increased CECL reserves due to commercial office and residential condominium loan performance. The company declared a first-quarter 2024 dividend of $0.25 per common share.
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Ares Commercial Real Estate Corporation (NYSE:ACRE) will report earnings for Q4 and full year 2023 on February 22, 2024, followed by a webcast/conference call. Interested parties can participate via telephone or live webcast.
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Ares Commercial Real Estate Corporation (ACRE) announced the 2023 tax treatment for the Company's common stock distributions. The total cash distribution per share for 2023 was $1.36, with $1.36 being taxable and $0.0028 as total capital gain distribution. Stockholders are advised to consult with their tax advisors for specific tax treatment.
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Ares Commercial Real Estate Corporation reported a GAAP net income of $9.2 million or $0.17 per diluted common share and Distributable Earnings of $13.5 million or $0.25 per diluted common share for the third quarter of 2023. The company declared a fourth quarter 2023 dividend of $0.33 per common share.
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Ares Commercial Real Estate Corporation to report Q3 2023 earnings on November 3, 2023
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Ares Commercial Real Estate Corporation to present at BofA 2023 Global Real Estate Conference
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FAQ

What is Ares Commercial Real Estate Corporation?

Ares Commercial Real Estate Corporation (NYSE: ACRE) is a specialty finance company focusing on originating and investing in commercial real estate loans and related investments.

What types of financing solutions does ACRE provide?

ACRE provides senior mortgage loans, subordinate financings, mezzanine debt, and preferred equity, targeting a variety of property types in liquid markets across the United States.

How did ACRE perform in the first quarter of 2024?

For the first quarter of 2024, ACRE reported a GAAP net 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.

What is ACRE's recent dividend declaration?

ACRE declared a regular cash dividend of $0.25 per common share for the second quarter of 2024.

What is the significance of ACRE being managed by Ares Management Corporation?

As a Real Estate Investment Trust (REIT) managed by a subsidiary of Ares Management Corporation, ACRE benefits from the extensive resources and credit capabilities of a global alternative asset manager.

How does ACRE's balance sheet position impact its operations?

ACRE's strong balance sheet and significant liquidity enable the company to navigate industry challenges, resolve underperforming loans, and selectively originate new loans.

Where can I find more information about ACRE's financial performance?

Additional information can be accessed through ACRE's investor resources section on their website (www.arescre.com), which includes presentations, financial reports, and details on upcoming webcasts and conference calls.

Ares Commercial Real Estate Corporation

NYSE:ACRE

ACRE Rankings

ACRE Stock Data

405.26M
54.51M
6.86%
47.92%
4.09%
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