Welcome to our dedicated page for Ares Coml Real Estate news (Ticker: ACRE), a resource for investors and traders seeking the latest updates and insights on Ares Coml Real Estate stock.
Ares Commercial Real Estate Corp (ACRE) provides investors with comprehensive access to official announcements and financial developments through this centralized news hub. Track the specialty finance REIT's latest commercial real estate loan activities, earnings reports, and strategic initiatives.
This resource aggregates ACRE's press releases and market updates, offering stakeholders timely insights into its CRE debt investments and interest income performance. Users will find updates on portfolio management decisions, risk mitigation strategies, and industry-specific financial developments.
The curated collection includes:
• Quarterly earnings and financial results
• Commercial property loan origination updates
• Portfolio diversification announcements
• Leadership and operational developments
Bookmark this page for streamlined monitoring of ACRE's activities in the commercial real estate debt market. Check regularly for authoritative updates directly from the company and verified financial sources.
Ares Commercial Real Estate (NYSE:ACRE) has announced its schedule for the second quarter 2024 earnings release and conference call. The company will report earnings for Q2 2024 on August 6, 2024, before the New York Stock Exchange opens. A webcast/conference call will be held the same day at 12:00 p.m. Eastern Time to discuss the financial results.
Interested parties can participate via telephone or live webcast. The webcast link will be available on the Investor Resources section of the company's website. Domestic callers can dial +1 (800) 225-9448, while international callers can use +1 (203) 518-9708. The passcode is ACREQ224. An archived replay will be available until September 6, 2024, accessible by phone and through the company's website.
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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