Ares Coml Real Estate Corp Stock Price, News & Analysis

Ares Commercial Real Estate Corporation (NYSE: ACRE) plans to report its earnings for Q1 on May 4, 2021, prior to the NYSE opening. The company will host a conference call at 12:00 p.m. ET on the same day to discuss its financial results. Interested participants can access the call via telephone or a live webcast available on ACRE's investor resources page. A subsequent archived replay will be available until May 18, 2021. ACRE specializes in financing solutions for commercial real estate and operates as a real estate investment trust.

Ares Commercial Real Estate Corporation (NYSE:ACRE) has priced an underwritten public offering of 7,000,000 shares of common stock, aiming for gross proceeds of approximately $101.9 million. Additionally, underwriters have a 30-day option to purchase up to 1,050,000 additional shares. The offering's closing is expected around March 17, 2021, subject to standard conditions. Proceeds will be utilized for general corporate purposes, including debt repayment and investment in mortgage loans. Morgan Stanley, Wells Fargo, and BofA Securities are leading the offering.

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 proceeds will be used for general corporate purposes, including debt repayment and investments in mortgage loans. The offering is managed by Morgan Stanley, Wells Fargo Securities, and BofA Securities. A registration statement has been filed and declared effective by the SEC, with detailed prospectus available online.

Ares Commercial Real Estate Corporation (NYSE:ACRE) reported Q4 2020 GAAP net income of $14.4 million ($0.43/share) and Distributable Earnings of $13.7 million ($0.41/share). For the full year, GAAP net income was $21.8 million ($0.66/share) with Distributable Earnings at $45.1 million ($1.36/share). The company declared a regular dividend of $0.33 and a supplemental dividend of $0.02 for Q1 2021, reflecting strong earnings and a robust balance sheet. ACRE closed a $667 million CRE CLO, reducing funding costs and increasing non-recourse financing to 67%. The annual meeting is set for May 25, 2021.

Ares Commercial Real Estate Corporation (NYSE: ACRE) has successfully closed a $667 million commercial real estate collateralized loan obligation (CRE CLO) through its subsidiaries. This transaction financed interests in 23 senior loans with an initial advance rate of 81% and a weighted average coupon rate of one-month LIBOR + 1.17%. The CRE CLO is non-recourse and enhances the company's ability to close $146 million in new loans. This deal increased non-recourse financing from 36% to 67% of total financing, expected to be accretive to earnings.

Ares Commercial Real Estate Corporation (NYSE: ACRE) has announced the tax treatment for its common stock distributions for 2020. The total distribution per share for the year is $1.3200, with notable individual distributions of $0.3300 per share occurring quarterly. The company has indicated that all distributions are taxable under Section 857(b)(9) of the Internal Revenue Code. Shareholders are advised to consult their tax advisors regarding the specific tax implications of these distributions.

Ares Commercial Real Estate Corporation (NYSE: ACRE) will report its financial results for Q4 and full year ended December 31, 2020, on February 18, 2021, before NYSE opens. A conference call is scheduled for 12:00 p.m. ET on the same day to discuss the results. Interested parties can join via telephone or webcast. ACRE specializes in originating and investing in commercial real estate loans, offering flexible financing solutions nationwide. The company is a real estate investment trust, managed externally by Ares Management Corporation.

Ares Commercial Real Estate Corporation (ACRE) has declared a fourth quarter 2020 cash dividend of $0.33 per common share, payable on January 15, 2021, to stockholders of record as of December 30, 2020. Known for originating and investing in commercial real estate loans, ACRE emphasizes flexible financing solutions. The company operates under a real estate investment trust structure and is externally managed by a subsidiary of Ares Management Corporation.

Ares Commercial Real Estate Corporation (NYSE:ACRE) reported a GAAP net income of $14.9 million or $0.44 per diluted share, with Core Earnings at $10.5 million or $0.31 per diluted share for Q3 2020. CEO Bryan Donohoe emphasized stable credit performance and liquidity, highlighting that their defensive strategy helped navigate the year’s market downturn. CFO Tae-Sik Yoon noted that 100% of loans made their contractual payments. Additionally, a cash dividend of $0.33 per share was declared on September 16, 2020, and the Q3 earnings call is scheduled for October 29, 2020.