Ares Coml Real Estate Corp Stock Price, News & Analysis

Ares Commercial Real Estate Corporation (NYSE: ACRE) will report its earnings for the fourth quarter and full year ended December 31, 2021, on February 15, 2022, before the market opens. A conference call to discuss the results is scheduled for the same day at 12:00 p.m. Eastern Time. Interested participants can join via telephone or online. ACRE specializes in commercial real estate loans and operates primarily in the U.S., focusing on providing flexible financing solutions through its national direct origination platform.

Ares Commercial Real Estate Corporation (NYSE: ACRE) announced the tax treatment for its 2021 common stock distributions. The record date for the cash distribution of $0.3500 per share is set for December 31, 2021, with a payment date of January 19, 2022. Total distributions for the year amount to $1.4000, with $1.3492 allocable as capital gain. Notably, the entire distribution for 2021 is treated as taxable income. Shareholders are advised to consult tax advisors for individual tax treatment guidance.

Ares Commercial Real Estate Corporation (NYSE: ACRE) has appointed Rebecca Parekh to its Board of Directors, expanding the board from seven to eight members. Ms. Parekh brings extensive experience in business strategy and finance, having previously served as COO for Deepak Chopra Radical Well-Being and held various roles at Deutsche Bank. Chairman Bill Benjamin and CEO Bryan Donohoe express confidence in her ability to enhance shareholder value amid record origination activity.

Ares Commercial Real Estate Corporation (NYSE: ACRE) has successfully amended its secured Term Loan, increasing its capacity from $60 million to $150 million while reducing the all-in pricing from LIBOR plus 5.75% to a fixed rate of 4.50%. This new agreement extends the loan's maturity to November 2026. Additionally, the company raised its revolving facility with City National Bank from $50 million to $75 million. The funds will support new loan originations, enhance the investment portfolio, and meet general corporate needs.

Ares Commercial Real Estate Corporation (NYSE:ACRE) reported Q3 2021 GAAP net income of $10.0 million or $0.21 per diluted common share, with Distributable Earnings of $17.5 million or $0.37 per diluted common share. The company closed $485 million in new loan commitments and anticipates covering regular and supplemental dividends from its earnings. They expect to benefit from potential interest rate increases due to floating rate loans and hedges. The fourth quarter dividend is set at $0.33 and a supplemental $0.02 per share.

Ares Commercial Real Estate Corporation (NYSE: ACRE) will report its third-quarter earnings for the period ending September 30, 2021, on November 3, 2021, before the NYSE opens. A conference call will follow at 12:00 p.m. ET to discuss the financial results. Investors can join the call via telephone or a live webcast. An archived replay of the call will be available until November 17, 2021. ACRE is involved in originating and investing in commercial real estate loans, emphasizing financing solutions for properties across the United States.

Ares Commercial Real Estate Corporation (NYSE: ACRE) reported GAAP net income of $17.6 million, equivalent to $0.43 per diluted share, and Distributable Earnings of $15.1 million or $0.37 per diluted share for Q2 2021. This marks a 16% increase in Distributable Earnings per share year-over-year. The company secured $311 million in commitments during Q2, with an additional $254 million closed in July. The overall loan performance is improving, reflected in a decline in CECL reserves and a continuous rise in book value per share for four consecutive quarters.

Ares Commercial Real Estate Corporation (NYSE: ACRE) will release its earnings for the second quarter ending June 30, 2021, on July 30, 2021, before the New York Stock Exchange opens. A conference call is scheduled for the same day at 12:00 p.m. ET to discuss the financial results. Investors can join via telephone or a live webcast on the company’s website. Ares Commercial focuses on providing diverse financing solutions for commercial real estate, including senior mortgage loans and mezzanine debt.

Ares Commercial Real Estate Corporation (NYSE:ACRE) announced the pricing of a public offering of 6,500,000 shares of common stock, generating approximately $102.8 million in gross proceeds. The underwriters have a 30-day option to purchase an additional 975,000 shares. The offering, expected to close around June 22, 2021, will fund general corporate purposes, including mortgage loans, existing commitments, and debt repayment. The registration statement has been filed and declared effective with the SEC, and the offering will only be conducted via a prospectus supplement.