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Ares Commercial Real Estate Corp - ACRE STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ares Commercial Real Estate's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ares Commercial Real Estate's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.59%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.67%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
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none
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3%
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Rhea-AI Summary
Ares Commercial Real Estate Corporation to report Q3 2023 earnings on November 3, 2023
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Rhea-AI Sentiment
End-of-Day
0.87%
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Rhea-AI Summary
Ares Commercial Real Estate Corporation to present at BofA 2023 Global Real Estate Conference
Rhea-AI Impact
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-0.58%
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conferences
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-0.58%
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Rhea-AI Sentiment
End-of-Day
-1.68%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.74%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
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Ares Commercial Real Estate Corp

NYSE:ACRE

ACRE Rankings

ACRE Stock Data

354.84M
52.37M
6.71%
44.39%
3.26%
Other Financial Vehicles
Finance and Insurance
Link
US
New York

About ACRE

our company name has been changed to barings multifamily capital llc in conjunction with the september 30, 2016 acquisition of the acre capital companies by barings real estate advisers llc. a new page will be coming soon. barings multifamily capital llc (“barings multifamily”) provides comprehensive financing solutions to affordable housing, market-rate multifamily, senior housing and healthcare investors and property owners nationwide. barings multifamily capital llc (and its subsidiaries) is an equal opportunity employer and considers all applicants for employment without regard to race, color, religion, ethnicity, creed, sex, age, national origin, citizenship status, disability, pregnancy, marital status, partnership status, sexual orientation, status regarding public assistance, military or veteran status, domestic violence victim status, gender identity and expression, genetic predisposition and carrier status, status as unemployed, political affiliation or any other characterist