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 Corporation (NYSE: ACRE) is a specialty finance REIT that focuses on directly originating and investing in commercial real estate loans and related investments. Its news flow centers on how this commercial real estate lending platform performs over time, with regular updates on earnings, portfolio activity and capital management decisions.
On this page, readers can follow press releases in which Ares Commercial Real Estate Corporation reports quarterly and annual financial results, including GAAP net income (loss) attributable to common stockholders and its non-GAAP Distributable Earnings (Loss) metric. These releases typically discuss net interest margin, revenue from real estate owned, provisions or reversals of current expected credit losses, realized losses on loans and other items that shape the company’s performance as a commercial real estate lender.
Company news also highlights developments in its loan portfolio and balance sheet, such as new loan commitments, borrower repayments, changes in available capital and efforts to resolve higher-risk or underperforming loans. Ares Commercial Real Estate Corporation frequently comments on liquidity, de-leveraging, and the composition of its real estate owned, providing insight into how it navigates the commercial real estate credit environment.
In addition, investors can track announcements about regular cash dividends on the company’s common stock, including declared amounts, record dates and payment dates, as well as tax reporting information for distributions. The company also issues notices about upcoming earnings releases, conference calls and webcasts, giving details on how to access live and archived presentations. For anyone monitoring ACRE, this news feed offers an organized view of the company’s reported results, portfolio actions, dividend decisions and financing updates over time.
Ares Commercial Real Estate (NYSE: ACRE) has released its tax treatment information for 2024 common stock distributions. The company declared quarterly dividends of $0.25 per share for the second, third, and fourth quarters of 2024, with payments scheduled for April 16, July 16, and October 15, 2024.
Of the total $0.75 per share distributed in 2024, $0.6726 is classified as ordinary dividends and $0.0774 as nondividend distributions. The January 2024 distribution of $0.33 per share was treated as taxable in 2023, while the January 2025 distribution of $0.25 will be allocable to 2025. None of the distributions qualified for capital gain treatment.
Ares Commercial Real Estate (NYSE:ACRE) reported a GAAP net loss of $(5.9) million or $(0.11) per diluted common share for Q3 2024, with Distributable Earnings of $3.7 million or $0.07 per diluted common share. The company's risk rated 4 and 5 loans declined by 33%, and outstanding debt balance decreased by 8%. The Board declared a regular cash dividend of $0.25 per common share for both Q3 and Q4 2024, with the Q4 dividend payable on January 15, 2025.
Ares Commercial Real Estate (NYSE: ACRE) has announced its upcoming third quarter 2024 earnings release and conference call schedule. The company will release its financial results for Q3 2024 on November 7, 2024 before NYSE opening. A webcast/conference call will be held the same day at 12:00 p.m. Eastern Time. Investors can join via phone or webcast through the company's website. The replay will be available until December 7, 2024 through both phone and web access.
Ares Commercial Real Estate (NYSE:ACRE) reported a GAAP net loss of $6.1 million or $(0.11) per diluted common share for Q2 2024. The company's Distributable Earnings Loss was $6.6 million or $(0.12) per diluted common share. ACRE declared a Q3 2024 dividend of $0.25 per common share, payable on October 15, 2024. The company made progress on resolving risk-rated loans and maintaining financial flexibility, which impacted Q2 results but is expected to position ACRE for future growth. Key management changes include Tae-Sik Yoon's appointment as COO and Jeff Gonzales as CFO & Treasurer, effective August 30, 2024.
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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