Ares Coml Real Estate Corp Stock Price, News & Analysis

Ares Commercial Real Estate Corporation (NYSE:ACRE) reported strong fourth quarter 2022 results, with GAAP net income of $2.9 million ($0.05 per diluted share) and Distributable Earnings of $23.9 million ($0.44 per diluted share).

For the full year, GAAP net income was $29.8 million ($0.57 per diluted share) and Distributable Earnings totaled $80.7 million ($1.55 per diluted share). The company declared a first quarter 2023 cash dividend of $0.33 per common share, alongside a supplemental dividend of $0.02 per common share.

Ares emphasized its strong liquidity and reduced leverage while preparing for potential market challenges ahead.

Ares Commercial Real Estate Corporation (NYSE: ACRE) announced the 2022 tax treatment of its common stock distributions. Shareholders received a cash distribution of $0.3500 per share, with total distributions amounting to $1.4000. The entire distribution was classified as taxable for the year 2022 under Section 857(b)(9) of the Internal Revenue Code. The company reported a total allocable distribution of $1.3648, with no amounts listed for taxable ordinary dividends or capital gain distributions. Ares Commercial Real Estate Corporation specializes in commercial real estate loans, aiming to provide flexible financing solutions across the U.S.

Ares Commercial Real Estate Corporation (NYSE: ACRE) will announce its earnings for Q4 and full year ended December 31, 2022, on February 15, 2023, before the NYSE opening. A conference call will take place at 12:00 PM ET the same day to discuss these results. Interested parties can join via telephone or live webcast, with an archive available until March 15, 2023. ACRE specializes in commercial real estate loans, including senior mortgages and mezzanine debt, focusing on value-added financing across the U.S.

Ares Commercial Real Estate Corporation (ACRE) reported third-quarter 2022 GAAP net income of $0.6 million, translating to $0.01 per diluted common share. Distributable Earnings reached $21.3 million or $0.39 per diluted common share. The company declared a fourth-quarter 2022 dividend of $0.33 per common share, along with a supplemental dividend of $0.02 per common share. ACRE maintains a robust liquidity position of $156 million, emphasizing a strategy of originating senior loans and acquiring investment-grade commercial real estate securities in the current market.

Ares Commercial Real Estate Corporation (NYSE: ACRE) will report its third quarter earnings for the period ending September 30, 2022 on November 2, 2022, before the NYSE opens. A conference call is scheduled for the same day at 12:00 p.m. ET to discuss the financial results. The call can be accessed via a telephone line or a live webcast on the company's website. Interested parties may also access an archived replay of the call until November 30, 2022.

Ares Commercial Real Estate Corporation (ACRE) reported second-quarter 2022 GAAP net income of $10 million ($0.20 per diluted share) and Distributable Earnings of $19.2 million ($0.38 per diluted share). The company declared a third quarter 2022 dividend of $0.33 per share and a supplemental dividend of $0.02 per share. ACRE maintains a 2.4x debt-to-equity ratio and reports that 98% of its loans are floating rate, allowing for potential benefits from rising interest rates.

Future dividends are expected to be covered by Distributable Earnings.

Ares Commercial Real Estate Corporation (NYSE: ACRE) will announce its second quarter earnings for the period ending June 30, 2022 on July 29, 2022, prior to the opening of the New York Stock Exchange. A conference call will take place on the same day at 12:00 p.m. ET, where the company's financial results will be discussed. Interested parties can join via telephone or a live webcast available on the company's investor resources webpage. Archived replays will be accessible until August 26, 2022.

Ares Commercial Real Estate Corporation (NYSE:ACRE) has announced the pricing of a public offering of 7,000,000 shares of common stock, expected to generate approximately $104.7 million. The underwriters also have an option to purchase an additional 1,050,000 shares. The net proceeds will be utilized for general corporate purposes, including investing in mortgage loans, funding existing commitments, and repaying debt. The offering is managed by major financial firms, ensuring broad access to capital.

Ares Commercial Real Estate Corporation (NYSE:ACRE) has announced a public offering of 7,000,000 shares of common stock, with an option for underwriters to purchase an additional 1,050,000 shares. The company intends to utilize the net proceeds for general corporate purposes, including investing in mortgage loans, funding existing loan commitments, and repaying indebtedness. The offering is managed by major financial institutions including Morgan Stanley and Wells Fargo, with a registration statement already filed with the SEC.